Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

PyroGenesis Canada inks letter of intent to buy renewable natural gas producer, AirScience Technologies

% of readers think this story is Fact. Add your two cents.


PyroGenesis Canada Inc (TSE:PYR) (NASDAQ:PYR) (FRA:8PY) announced that it has signed a binding letter of intent to acquire AirScience Technologies Inc for C$4.8 million, which will be settled in either cash or stock at the discretion of PyroGenesis.

The acquisition of AirScience Technologies, which designs and builds gas upgrading systems to convert biogas into renewable natural gas, would establish PyroGenesis’ entry into the renewable natural gas marketplace while expanding its greenhouse gas reduction portfolio.

“PyroGenesis believes that AirScience Technologies’ experience in biogas upgrading, combined with PyroGenesis’ engineering and multidisciplinary skills, as well as its proven record of meeting the exacting demands of multi-billion-dollar companies and the US military, positions the combination well to address the opportunities arising from this growing need to clean biogas,” PyroGenesis Canada CEO Peter Pascali said in a statement.

READ: PyroGenesis providing high-tech plasma products for a growing number of major industries

PyroGenesis noted that AirScience Technologies currently has about $10 million to $12 million in contract backlogs all of which are expected to be completed within 18 months, along with $12 million to $14 million in its pipeline.

It pointed out that AirScience has posted an average gross margin over the last four years (2016-2019) in excess of 40% and the company was profitable in 2019 on about $4.7 million in revenues.

Renewable natural gas (RNG), also known as biomethane, is produced from organic waste in landfills, household waste, agricultural waste and wastewater sludge. Companies such as AirScience Technologies can sell the RNG it converts from landfills into the natural gas pipeline network, thereby reducing the need for conventional gas.

PyroGenesis said there are only 130 plants currently producing RNG in North America, with a potential need for an additional 100 over the next two years, and an additional one thousand in a 2 to 10-year time horizon.

AirScience Technologies is also active in the purification of coke-oven gas – a by-product in the primary steel industry arising from the conversion of coal into coke), into high purity hydrogen - which PyroGenesis says is highly sought after in the industry.

PyroGenesis is a high-tech company that designs, develops, manufactures, and commercializes plasma atomized metal powder, plasma waste-to-energy systems, and plasma torch products.

Contact Sean at [email protected]

Story by ProactiveInvestors


Source: http://www.proactiveinvestors.com/companies/news/947799/pyrogenesis-canada-inks-letter-of-intent-to-buy-renewable-natural-gas-producer-airscience-technologies-947799.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.