The primary focus of HPQ Polvere is its Fumed Silica Reactor (FSR) project. PyroGenesis is developing proprietary technology for this initiative, which efficiently converts quartz (SiO2) into fumed silica (also known as pyrogenic silica). This innovative method facilitates the conversion in a single, eco-friendly step, eliminating the environmental impact of harmful chemicals typically used in traditional processes.
As previously discussed in the Company’s news releases dated
In accordance with the Agreement, and with this notice, HPQ and PyroGenesis will proceed to negotiate and draft a shareholders’ agreement.
“PyroGenesis’ decision to exercise its option early, as we commence the next phase of commercial validation, highlights their strong commitment to our project. This move also mitigates future financing risks and eliminates a prospective obstacle in our ongoing discussions with potential partners in the development of the fumed silica business," said
“With PyroGenesis’ conversion of the HPQ Polvere annual royalty option to an ownership stake, the potential benefit to the Company from HPQ Polvere’s future success is enhanced, and we are very excited about what the future holds for the FSR project – an initiative we believe is a truly innovative approach to producing fumed silica, one of the most in-demand materials,” said Mr.
FUMED SILICA MARKET TRENDS ARE SUPPORTIVE OF FSR PATHWAY TO COMMERCIAL PRODUCTION
In 2023, the Fumed Silica market was valued at
The traditional Fumed Silica market is very consolidated around 5 large integrated chemical companies, (Evonik Industries AG, Cabot Corporation, Wacker Chemie AG, Tokuyama Corporation, and OCI Company Ltd.) [2], that use their capital-intensive, low-margins and carbon-intensive legacy technologies, to produce Fumed Silica.
Because of HPQ Polvere’s Fumed Silica Reactor (FSR) disruptive advantages [3] regarding both capital investment requirement and high operating margins at the commercial scale, it is very well positioned to compete with traditional fumed silica manufacturers and go to market after the end of the pilot plant phase. In addition to the new annual demand for Fumed Silica mentioned above
REFERENCE SOURCES
[1] GML, Global Market Insight. Fumed Silica Market - By Product (Hydrophilic, Hydrophobic), By Application (Pharmaceutical, Beauty & Personal Care, Silicone Elastomers, Paints, Coatings & Inks, UPR, Adhesives & Sealants, Food & Beverages) & Global Forecast, 2024 – 2032.
[2] Mordor Intelligence: Fumed Silica Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029). Source.
[3] HPQ
[4] Sales data per regions from MarketsandMarkets 2017 "fumed silica market – global forecast to 2022”.
About HPQ
HPQ is developing, with the support of world-class technology partners
HPQ activities are centred around the following four (4) pillars:
- 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.
- Becoming a producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS.
HPQ SILICON affiliate NOVACIUM SAS is developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system.- Becoming a zero CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our PUREVAPTM “Quartz Reduction Reactors” (QRR), a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
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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.
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Email: Info@hpqsilicon.com
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