The news release, published on
The move will offer greater certainty for Canadian mining and manufacturing businesses while further building out the nation’s capacity to meet the growing global demand for sustainably sourced minerals.
"We are thrilled that the
Significance for
HPQ, leveraging its proprietary PUREVAP™ Quartz Reduction Reactor (QRR) technology, will benefit from the recognition of silicon's strategic importance. The company is well-positioned to play a leading role in being the only Company capable of supplying
HPQ’s PUREVAP™ QRR represents a significant breakthrough in silicon production; unlike traditional methods, which require large scale facilities for their multi-stage, energy-intensive, and polluting processes, the PUREVAP™ process is a small footprint scalable process that can efficiently convert raw quartz into high-purity silicon metal (3N+) in a single step, a material that is ideal for high-tech industries, including metallurgy, electric vehicles, aluminum alloys, silicones, renewable energy, battery storage, and electronics. Furthermore, the system reduces raw material input by approximately 25%, versus traditional process [2].
Finally since the QRR, by design, operates under controlled atmospheric conditions, this ensures that the CO gas (“Co(g)”) generated during the carbothermic reaction remains unoxidized. Consequently, in addition to producing high purity silicon, the QRR also produces a gas composition enriched with CO(g), which can be readily captured and valorize by combining it with green hydrogen to produce valuable green synthetic fuels.
“This designation will likely unlock federal and provincial funding opportunities to bolster domestic supply chains for critical minerals, assisting HPQ in scaling its commercial operations,” said
PUREVAP™ QRR’s Economic Advantage
The QRR’s clear economic advantage over competing silicon metal production techniques empowers the repatriation of industry back to Canada’s ESG-friendly markets. With the potential to displace dirty silicon production primarily produced overseas while supporting North American industrialization, the QRR offers an efficient and sustainable solution that aligns with Canada’s decarbonization efforts.
REFERENCE SOURCES
[1] | Bernstein L, Roy J, Delhotal KC, Harnisch J, Matsuhashi R, | |
[2] | PyroGenesis estimates the production of silicon with the PUREVAP™ QRR uses 25% less feedstock than conventional carbothermic processes that, according to Ferroglobe PLC investor presentation dated |
About
HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS, new green processes crucial to make the critical materials needed to reach net zero emissions.
HPQ activities are centered around the following four (4) pillars:
1) Becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
2) Becoming a producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS.
3)
4) Becoming a zero CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our PUREVAP™ “Quartz Reduction Reactors” (QRR), a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
For more information, please visit
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
This News Release is available on the company's CEO
Source:
For further information contact:
Email: Info@hpqsilicon.com
![](https://ml.globenewswire.com/media/NWE5Y2JlM2QtMjdiOS00ZjE1LTlkODYtMTk0Y2IzNjRhMjQyLTEwOTgxNTA=/tiny/HPQ-Silicon-Inc-.png)
2024 GlobeNewswire, Inc., source