HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQB: HPQFF) (FRA: O08), a technology company
specializing in green engineering processes for silica and silicon
material production, is re-issuing an amended version of its May
24, 2023 press release at the request of L’AUTORITÉ DES MARCHÉS
FINANCIERS.
This release focuses on the environmental
benefits of the Fumed Silica Reactor ("Reactor") currently being
developed by its wholly-owned subsidiary, HPQ Silica Polvere Inc.
(HPQ Polvere), in collaboration with technology provider
PyroGenesis Canada Inc. (TSX: PYR) (NASDAQ: PYR)
(FRA: 8PY) (PyroGenesis).
On May 17th, 2023, HPQ Polvere
announced that its proprietary reactor technology successfully
produced, at lab scale, Fumed Silica using quartz (SiO2) as
feedstock only, thereby opening the door for this process to allow
a reduction of over 50% in the direct CO2 e (CO2 equivalent)
emissions associated with fumed silica production [1].
A Technology Reducing Direct
CO2 Emissions in Fumed Silica
Production by Over 50% [2]
Conventional fumed silica manufacturing
processes rely on Silicon Metal (Si) as a feedstock, involving
complex steps, high energy consumption, hazardous materials, and
Hydrogen Chloride Gas (HCI) production as by-product. These
processes result in a carbon footprint of 9.5 tonnes (t) CO2 e/t of
fumed silica ± 2.5 t CO2 e, with over 60% [1] of emissions stemming
from the use of silicon metal as feedstock.
By contrast, the HPQ Polvere Fumed Silica
Reactor enables a direct transformation of quartz into fumed
silica, eliminating the need for the conventional carbothermic
process to convert quartz into silicon metal. This innovation could
potentially reduce direct CO2 e emissions associated with fumed
silica production by more than 60%, equivalent to a reduction of
approximately 5 t CO2 e/t of fumed silica produced [2 & 3].
"The Fumed Silica Reactor developed by HPQ
Silica Polvere Inc. perfectly embodies HPQ's commitment to green
engineering [4] processes. We are dedicated to developing
innovative processes that minimize the environmental footprint
while meeting the material demands of the industry," said Mr.
Bernard Tourillon, President and CEO of HPQ Silicon and HPQ Silica
Polvere. “This release specifically highlights the direct CO2
emissions reductions achieved by the Reactor and does not encompass
the additional substantial indirect environmental benefits. Work to
date strongly suggests the potential for HPQ Polvere to develop
commercial grade fumed silica with greatly reduced carbon
footprints relative to today’s commercially available
technologies.”
Unlocking CO2
Reduction Potential: Exceeding 500,000 Tonnes Per Year
(t/y) In Key Markets
The CO2 reduction potential of the HPQ Polvere
Fumed Silica Reactor is exemplified by the following key markets
examples:
- In Canada, where approximately
24,000t of fumed silica is consumed annually [5], the adoption of
the HPQ Polvere process would result in a reduction of 120,000t/y
in CO2 emissions,
- The United States, with an annual
fumed silica consumption of around 29,000t [5], stands to benefit
from a reduction of 145,000t/y in CO2 emissions through the
implementation of the HPQ Polvere process, and
- European countries, consuming
approximately 92,000t/y of fumed silica [5], could achieve a
reduction of 460,000t/y in CO2 emissions by utilizing the HPQ
Polvere process.
These figures highlight the environmental impact
that can be achieved by utilizing the HPQ Polvere Fumed Silica
Reactor in key markets. Furthermore, there is a potential for a
per-tonne reduction in carbon taxes in these markets:
- In Europe, the current price per
tonne of CO2 emissions for manufactured and imported goods is
approximately 90 euros [6]. This implies that traditional producers
of fumed silica could potentially reduce their carbon tax by around
450 euros per tonne by upgrading to the HPQ Polvere process.
- In Canada, the price per tonne of
CO2 emissions for manufactured goods is approximately CAD$50 [7],
and in Quebec [8], it is around CAD$27 per tonne. This indicates
that traditional producers of fumed silica, if they adopt the HPQ
Polvere process, could potentially reduce their carbon tax by about
CAD$250 per tonne in Canada and CAD$137 per tonne in Quebec.
These potential reductions in carbon taxes
underscore additional financial advantages and environmental
benefits of embracing the HPQ Polvere Fumed Silica Reactor in these
markets.
OTHER NEWS: HPQ NEW INTELLECTUAL
PROPERTY ACQUIRED FROM
PYROGENESIS
As disclosed in our June 27, 2023, release and
in our most recent Management Discussion and Analysis reports, HPQ
has acquired a new Intellectual Property (IP) from PyroGenesis for
$3,600,000, pertaining to a "Low Carbon Emission Process for the
production of Silicon."
PyroGenesis and HPQ are still negotiating a
complementary agreement focusing on the research and development
phases necessary for implementing this IP. As a result, the parties
have signed on July 11, 2023, an Addendum to the original agreement
pushing back the in-cash payment of $3,600,000 date from no later
than by June 30th, 2023, to no later than by December 31st, 2023.
The effective date of the Addendum is June 30, 2023
SOURCE
[1] |
2012 – Executive summary: “SILICON-CHEMISTRY CARBON BALANCE, AN
ASSESSMENT OF GREENHOUSE GAS EMISSIONS AND REDUCTIONS”, Covering
the Production, Use and End-of-Life of Silicones, Siloxanes and
Silane Products in Europe, North America, and Japan. [Pages 20 to
21] (Commissioned by Global Silicones Council, Centre Européen des
Silicones, Silicones Environmental, Health and Safety Council of
North America Silicone Industry Association of Japan). |
[2] |
Direct quote from the scientific publication mention in point
#1 : “The main raw materials used to produce the most common
siloxanes and silanes are silicon metal, methanol and HCl. The GHG
emissions to produce silicon metal are the most relevant
contribution to the cradle-to-gate GHG emissions of silicones and
fumed silica (66 %).” |
[3] |
August 31, 2021 – Saevarsdottir, G., Magnusson, T. & Kvande, H.
“Reducing the Carbon Footprint: Primary Production of Aluminum and
Silicon with Changing Energy Systems.” [Pages 850-851] Journal of
Sustainable Metallurgy (2021) 7: 848–857. |
[4] |
Definition from The United States Environment Protection Agency web
site : “Green engineering is the design,
commercialization, and use of processes and products in a way that
reduces pollution, promotes sustainability, and minimizes risk
to human health and the environment without sacrificing economic
viability and efficiency”. |
[5] |
Sales data per regions from MarketsandMarkets 2017 "fumed silica
market – global forecast to 2022”. |
[6] |
The Wall Street Journal article, April 18, 2023, “World’s First
Carbon Import Tax Approved by EU Lawmakers” |
[7] |
Government of Canada: The Federal Carbon polluting pricing
benchmark. |
[8] |
Quebec Government: The Carbon Market: Auctions |
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and sustainable
solutions which reduce greenhouse gases (GHG) and are economically
attractive alternatives to conventional “dirty” processes.
PyroGenesis has created proprietary, patented, and advanced plasma
technologies that are being vetted and adopted by multiple
multibillion dollar industry leaders in three massive markets: iron
ore pelletization, aluminum, waste management, and additive
manufacturing. With a team of experienced engineers, scientists and
technicians working out of its Montreal office, and its 3,800 m2
and 2,940 m2 R&D and manufacturing facilities, PyroGenesis
maintains its competitive advantage by remaining at the forefront
of technology development and commercialization. The operations are
ISO 9001:2015 and AS9100D certified, having been ISO certified
since 1997. For more information, please visit:
www.pyrogenesis.com
About HPQ Silicon
HPQ Silicon Inc. (TSX-V: HPQ) is a
Quebec-based TSX Venture Exchange Tier 1 Industrial Issuer.
HPQ is developing, with the support of
world-class technology partners PyroGenesis Canada
Inc.(TSX: PYR) (NASDAQ: PYR) and NOVACIUM SAS, new green
processes crucial to make the critical materials needed to reach
net zero emissions.
HPQ activities are centred around the following
five (5) pillars:
|
1) |
Becoming a green low-cost (Capex and Opex) producer of High Purity
Silicon (2N+ to 4N) using our proprietary
PUREVAPTM “Quartz
Reduction Reactors” (QRR) being developed by
PyroGenesis. |
|
2) |
Becoming North America’s first
producer of micron size High Purity Silicon (3N & 4N) powders
with the assistance of NOVACIUM SAS. |
|
3) |
Working to become the first
producer of nano silicon materials from High Purity Silicon chunks
using our proprietary PUREVAPTM
Nano Silicon Reactor (NSiR) being
developed by PyroGenesis. |
|
4) |
Becoming a green low-cost (Capex
and Opex) producer of Fumed Silica using our proprietary
FUMED SILICA REACTOR being developed by
PyroGenesis. |
|
5) |
Developing a small and compact
process for the on-demand production of hydrogen via hydrolysis of
Silicon and other materials. |
For more information, please visit HPQ Silicon
web site.
Disclaimers:
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Company with respect to future events and are subject
to certain risks and uncertainties and other risks detailed from
time-to-time in the Company's ongoing filings with the security’s
regulatory authorities, which filings can be found at
www.sedar.com. Actual results, events, and performance may differ
materially. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This News Release is available on the
company's CEO Verified Discussion Forum, a moderated social
media platform that enables civilized discussion and Q&A
between Management and Shareholders.
Source: HPQ Silicon Inc.For further
information contact: Bernard J. Tourillon, Chairman,
President, and CEO Tel +1 (514) 846-3271Patrick Levasseur, Director
Tel: +1 (514) 262-9239Email: Info@hpqsilicon.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1dcc2284-55d5-4318-826c-d3016cec3c06
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