HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ)
(OTCQX: HPQFF) (FRA: O08), a technology company
specializing in green engineering processes for silica and silicon
material production, is pleased to update shareholders on the
significant 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).
HPQ is excited to announce that, based on recent results
published, the ground-breaking reactor technology is poised to
achieve an outstanding reduction of over 50% in direct CO2 e
(CO2 equivalent) emissions associated with fumed silica
production, surpassing conventional industry practices.
A cutting-Edge Technology Reducing Direct
CO2 Emissions in Fumed Silica
Production by Over 50%
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.
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 produced2.
"The Fumed Silica Reactor developed by HPQ Silica Polvere Inc.
perfectly embodies HPQ commitment to green engineering 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. This includes an impressive reduction of at
least 86% in energy requirements for fumed silica production. 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 significant CO2 reduction potential of the HPQ Polvere Fumed
Silica Reactor is exemplified by the following key markets
examples3:
- In Canada, where
approximately 24,000t of fumed silica is consumed annually, the
adoption of the HPQ Polvere process would result in a remarkable
reduction of 120,000t/y in CO2 emissions,
- The United States,
with an annual fumed silica consumption of around 29,000t, stands
to benefit from a substantial 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, could achieve an
impressive reduction of 460,000t/y in CO2 emissions by utilizing
the HPQ Polvere process.
These figures highlight the significant environmental impact
that can be achieved by utilizing the HPQ Polvere Fumed Silica
Reactor in key markets. Furthermore, there is a potential for
substantial 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 euros4. 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$505, and in Quebec6, 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 an
additional financial advantages and environmental benefits of
embracing the HPQ Polvere Fumed Silica Reactor in these
markets.
“The reactor also represents a paradigm shift in Fumed Silica
production, pushing the boundaries of sustainability and
environmental impact,” Mr. Tourillon added. “The numbers speak for
themselves as we envision a future with cleaner and greener
manufacturing processes.”
SOURCE
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
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 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.
3 Sales data per regions from MarketsandMarkets 2017 "fumed
silica market – global forecast to 2022”.
4 The Wall Street Journal article, April 18,
2023, “World’s First Carbon Import Tax Approved by EU
Lawmakers”
5 Government of Canada: The Federal Carbon polluting
pricing benchmark.
6 Quebec Government: The Carbon Market: Auctions
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/79ab090a-71dc-4a55-8108-19769c6ccc1d
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