PyroGenesis

What PyroGenesis does

PyroGenesis Inc. is a Canadian public company (TSX: PYR; OTCQX: PYRGF) founded in 1991 that designs, manufactures, and commercializes advanced plasma process technologies. Its core offering is a portfolio of high-temperature plasma torches and integrated reactor systems spanning 5 kW to 2 MW that generate temperatures exceeding 5,000°C, including the APT-HP, APT, SPT, RPT, and MINIGUN product lines, plus waste destruction (PAWDS, SPARC, PACWADS, PAGV), aluminum dross recovery (DROSRITE), plasma atomized titanium powder (NexGen), silicon production (PUREVAP), and custom reactors/furnaces. The company is ISO 9001:2015 certified since 1997 and AS9100D certified, and its PAWDS systems are deployed on US Navy Gerald R. Ford-class aircraft carriers.

PyroGenesis generates revenue primarily through one-time equipment sales and engineering contracts (plasma torch systems, custom reactors, turnkey waste destruction facilities) plus recurring licensing royalties (10% on the first commercial battery-grade graphite plant; per-kilogram royalties on fumed silica produced via the HPQ Silica Polvere joint venture) and service revenue on DROSRITE deployments. Reported FY2025 revenue was CAD$12.57M with a CAD$14.8M net loss, while H1 2026 revenue reached CAD$9.3M (+55% YoY) and Q2 2026 revenue of CAD$4.4M was the strongest Q2 since 2022, against a backlog of CAD$40M+ (88% USD-denominated) as of August 2026.

The customer base is concentrated in heavy industry and government: aluminum producers (Rio Tinto, Alcoa, Constellium, Norsk Hydro), steel (Tata Steel, $9.3M completed project), defense (US Navy), aerospace (qualified global aerospace customer for half-tonne titanium powder), electronics (Asian materials distribution agreement), and environmental regulators (New Zealand government SPARC deployment, Innofibre biomass-to-syngas pilot, European radioactive waste design study). Geographic reach spans North America, Europe, Asia (India, Asian electronics market), the Middle East (in-progress), and Oceania, with direct enterprise field sales supported by a new Asian distribution channel.

Name

PyroGenesis

Legal name

PyroGenesis Inc.

Website

https://pyrogenesis.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

PyroGenesis designs and manufactures advanced plasma torches and integrated reactor systems (5 kW–2 MW) for heavy industry, defense, and environmental clients, serving aluminum, steel, aerospace, and government customers with equipment sales, custom engineering, and royalty-bearing joint ventures.

Ownership category

akta.pro rank

Product category

Advanced Plasma Process Equipment and Industrial Systems

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Industrial Process Furnaces & Ovens (3567), Electrical Industrial Apparatus (3620)

akta.pro primary industry

High-Temperature Process Heat Electrification (E-Boilers, E-Furnaces, Induction, Plasma) (EUABAJAA)

akta.pro secondary industries

Thermal Treatment (Pyrolysis, Gasification, Plasma) for Residual Waste (EUAIACAI), Welding & Plasma Power Supplies (Industrial welders, cutting power sources) (IMAGADAI), Plasma Gasification & Advanced Thermal Treatment (High-temp conversion) (EUAAAKAG)

Keywords

• Advanced plasma processes
• Plasma atomized metal powders
• Industrial waste destruction
• Aluminum dross recovery
• High-temperature plasma torches

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Plasma Torch Systems and Equipment Sales: Sale of plasma torches (APT-HP, APT, SPT, RPT, MINIGUN) and custom reactors/furnaces to industrial clients. Revenue recognized upon delivery and commissioning. Key customers include aluminum producers, cement manufacturers, and defense contractors.
2. DROSRITE System Sales and Service: Aluminum and zinc dross recovery systems with ongoing service and support. US-based subsidiary expanding activities internationally, particularly in Middle East.
3. Titanium Powder Sales: Plasma atomized titanium metal powder (NexGen™) sold to aerospace, defense, medical, and electronics manufacturers. First commercial sales of off-cut titanium powder from manufacturing byproduct. Multiple tonne-per-year supply agreements.
4. Waste Management System Contracts: SPARC refrigerant destruction, PAWDS shipboard systems, and waste-to-energy solutions. Contracts for design, build, and commissioning. Completed $9.3 million coke-oven gas valorization project for Tata Steel in India.
5. Battery Materials Technology: 10% royalty on future gross revenues from initial commercial plant for battery-grade graphite production. Exclusive plasma supplier arrangement. Addresses supply chain vulnerability from China's control of 95% of global battery-grade graphite.
6. Fumed Silica Reactor Partnership: Building reactor for US$20 million for 1,000-tonne-per-year commercial fumed silica plant. JV partner secured financing. HSPI charges royalties per kilogram sold. PyroGenesis acquiring 50% ownership in HPQ Silica Polvere Inc.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

PyroGenesis designs, develops, manufactures, and commercializes advanced plasma processes and systems for heavy industry, defense, and environmental sectors. The company sells plasma torches, plasma atomized metal powders (titanium), waste destruction systems, aluminum dross recovery systems, and custom-engineered plasma reactors/furnaces. Its technology generates temperatures exceeding 5,000°C for industrial electrification, advanced materials production, and hazardous waste destruction.

Product overview

PyroGenesis is a world leader in advanced plasma processes serving heavy industry and defense sectors. The company offers a comprehensive portfolio of plasma-based products organized into four main categories: (1) Plasma Atomized Metal Powders including the NexGen™ titanium powder system for additive manufacturing; (2) Waste Management solutions comprising PAWDS (mobile and shipboard), SPARC refrigerant destruction, PACWADS hazardous waste destruction, PAGV vitrification, and PRRS waste-to-energy systems; (3) Plasma Torches including the high-power APT-HP, versatile APT, steam SPT, rotating RPT, and compact MINIGUN; and (4) Innovation/Custom Process Development featuring PUREVAP™ silicon production, PFSG steam generator, and custom reactors/furnaces. The DROSRITE™ dross recovery system addresses aluminum and zinc metal recovery. The company also provides PUREVAP™ technology sold to HPQ Silicon for silicon production. Products operate at temperatures exceeding 5,000°C and serve industries including defense, metallurgy, mining, additive manufacturing, oil & gas, and environmental sectors.

Differentiator

Problem solved

Functional benefit

Brands

• PyroGenesis Additive: Division focused on plasma atomized metal powders for additive manufacturing (3D printing), operating at pyrogenesisadditive.com
• DROSRITE™
• NexGen™
• SPARC™
• PUREVAP™
• PAWDS™
• PACWADS™
• PRRS™

Products and services

• APT-HP (Advanced Plasma Torch - High Power) High-power plasma torch (200 kW to 2 MW) serving as direct replacement for fossil fuel burners in industrial applications. Reduces greenhouse gas emissions by up to 250 tonnes CO2 per GW-h. Awarded Solar Impulse Efficient Solution Label. Used by aluminum, cement, and iron ore pelletization industries.
• APT (Advanced Plasma Torch) Versatile plasma torch (50-500 kW) at the heart of PyroGenesis' waste treatment and waste-to-energy technologies. Deployed by the US Department of Defense.
• SPT (Steam Plasma Torch) Steam plasma torch (up to 150 kW) integral to SPARC technology, ionizing water to create highly reactive conditions for destroying refrigerants and other chemicals.
• RPT (Rotating Plasma Torch) High-enthalpy plasma torch (5-80 kW) used since 1991 for producing spherical metallic powders, high-purity metals, gas heating, and carbon nanotube production.
• MINIGUN Plasma Torch Compact coaxial plasma torch (5-40 kW) originally developed in 1995 for thermal spray coating systems, suitable for R&D environments and small-scale production.
• NexGen Plasma Atomized Titanium Metal Powder Plasma atomized titanium metal powder production system using proprietary NexGen technology for additive manufacturing applications in aerospace, medical, defense, and electronics industries. Multiple particle sizes available.
• DROSRITE Aluminum and Zinc Dross Recovery System Salt-free, zero-emission rotary furnace system for maximizing metal recovery from aluminum and zinc dross waste streams in the aluminum industry.
• PAWDS (Plasma Arc Waste Destruction System) - Land/Mobile High-temperature plasma waste destruction system for destroying combustible waste including paper, plastics, food, and oily rags with minimal sorting, with optional module for waste oil destruction.
• PAWDS Shipboard Shipboard variant of PAWDS deployed on US Navy Gerald R. Ford-class aircraft carriers for onboard destruction of shipboard waste.
• SPARC (Steam Plasma Refrigerant Cracking) Patented plasma-based refrigerant destruction system that completely destroys ozone-depleting substances and other harmful fluorinated chemicals (CFC, HCFC, HFC, PFC) using high-temperature steam plasma with >99.99999% destruction efficiency.
• PACWADS (Plasma Arc Chemical Warfare Agent Destruction System) Tactical chemical warfare agent destruction system that destroys chemical warfare agents with 99.9999% efficiency using 5,000°C plasma torch technology.
• PAGV (Plasma Arc Gasification and Vitrification) System that transforms incinerator ash and other hazardous inorganic materials into inert vitrified slag for use in construction materials.
• PRRS (Plasma Resource Recovery System) Waste-to-energy plasma gasification system that converts contaminated biomass into synthesis gas (syngas) for energy and chemical production.
• PUREVAP Patented single-step process using plasma arc in a vacuum furnace to produce high-purity metallurgical silicon and solar-grade silicon from quartz, reducing CO2 emissions compared to current methods.
• PFSG (Plasma Fired Steam Generator) System that converts dirty water directly into steam for SAGD (Steam Assisted Gravity Drainage) operations in the oil and gas industry, with 95% efficiency and no water treatment requirements.
• Custom Reactors and Furnaces Custom-designed reactors and furnaces (0.001m3 to 50m3 volume) for advanced materials, metallurgy, environment, and chemistry applications, operating at 500-2000°C with pressures from full vacuum to 1000+ psi.
• Battery-Grade Carbon Black and Graphite Production Plasma-based production process for battery-grade carbon black and graphite using hydrocarbon (methane/natural gas) as both plasma-forming gas and primary feedstock, for lithium-ion battery anode materials.

Quantifiable outcome

• Energy consumption reduced by 35% with plasma torches vs. natural gas burners
• +8 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Innofibre - Centre d'innovation des produits cellulosiquescoreStrategic or Co-development Partner · 17 June 2026Delivered high-temperature plasma gasification system for $14 million pilot and pre-commercial facility at Cégep de Trois-Rivières. Only facility in North America capable of mimicking industrial-scale production conditions for forest industry and agricultural biomass innovation.
• Asian Materials CompanymajorChannel Partner/ Reseller/ Distributor · 9 April 2026Signed contract toward potential titanium powder distribution agreement covering Asian electronics market. Client supplies Asian electronics market and intends to use titanium for additive manufacturing of electronics components. Negotiating to become PyroGenesis' primary distributor for Asian electronics, medical, and aerospace markets.
• New Zealand Government (Ministry for the Environment)coreStrategic or Co-development Partner · 20 March 2026SPARC plasma system deployed at National Refrigerant Destruction Facility, first in Southern Hemisphere. Approximately $6 million contract to design and build system for destroying up to 100,000 kg/yr of hazardous end-of-life refrigerants with GWP equivalent to 220 million kg CO2.
• EarthGridminorStrategic or Co-development Partner · 23 December 2025Terminated exclusivity arrangement with 90-day notice. Original agreement formed after $500,000 non-refundable down payment in January 2024 for tunneling projects. PyroGenesis free to pursue tunneling projects with other clients after notice period.
• European Radioactive Waste Processing Organization (unnamed)majorStrategic or Co-development Partner · 17 December 2025Initial design phase contract for plasma furnace development for treating low-level radioactive waste. 4-month engineering study evaluating plasma torch furnace vs. electric arc furnaces for potential radioactive waste vitrification plant in Europe.
• Leading Battery Recycler (unnamed)coreStrategic or Co-development Partner · 11 December 2025Contract to test high-temperature plasma for recovering cathode and anode materials from end-of-life lithium-ion batteries. Testing program Q4 2025 to Q1 2026 aims to replace fossil fuel heating with plasma as part of closed-loop remediation system.
• Drosrite InternationalcoreStrategic or Co-development Partner · 8 July 2024Acquired full control for CAD$1.00. US-based company specializing in waste management technologies for aluminum industry. Acquisition clarifies legal and accounting relationship and enables expansion of environmentally friendly waste management technologies, particularly in Middle East.
• HPQ Silicon Inc.coreStrategic or Co-development PartnerPyroGenesis in final stages of acquiring 50% ownership in HPQ Silica Polvere Inc. (HSPI), subsidiary developing Fumed Silica Reactor (FSR) technology. MOU for 1,000-tonne-per-year commercial fumed silica plant with US$20 million reactor. HSPI to charge royalties per kilogram sold. Independent lab confirmed commercial-grade fumed silica production at pilot scale.
• Rio TintocoreStrategic or Co-development PartnerJoint development and furnace trials with PyroGenesis plasma torches in aluminum casthouse furnaces at PyroGenesis Montreal facility. Trials demonstrated 35% energy reduction, 20-27% cycle time improvement, 40-50% hydrogen content reduction, and 24-55% dross generation decrease.
• AlcoacoreStrategic or Co-development PartnerCollaborative plasma torch trials with Rio Tinto and PyroGenesis. Confirmed successful deployment in aluminum casthouse furnaces with lower energy use, shorter melting cycles, reduced waste, and maintained product quality vs. natural gas burners.
• ConstelliumcoreStrategic or Co-development PartnerPlasma torch system for aluminum remelting furnaces in European facility. First factory-scale deployment of PyroGenesis plasma system for aluminum remelting. Commissioning targeted Q2 2026. Supports Constellium's decarbonization roadmap and energy transition goals.
• Norsk Hydro ASAmajorStrategic or Co-development PartnerNew contracts signed for plasma technology applications in aluminum production.
• Tata SteelmajorStrategic or Co-development PartnerCompleted $9.3 million coke-oven gas valorization project in India.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ATI (Allegheny Technologies): ATI is a large specialty metals producer with titanium and powder capabilities serving aerospace and defense — overlapping with PyroGenesis Additive's addressable customer base and titanium powder end-markets.
• Höganäs AB: Höganäs is the world's largest producer of metal powders, including iron and specialty alloy powders for additive manufacturing and metallurgy, competing broadly with PyroGenesis Additive in metal powder markets.
• Carpenter Technology Corporation: Carpenter Technology is a specialty alloys producer with titanium powder and additive manufacturing capabilities serving aerospace and medical, competing in the same downstream end-markets as PyroGenesis' powder business.
• Inductotherm Group: Inductotherm is a leading global manufacturer of induction melting and heating equipment for the metals industry, serving the same aluminum and steel customers as PyroGenesis with an alternative electrification technology.

Direct peers

• Tetronics International: Tetronics specializes in plasma arc systems for metals recovery, hazardous waste treatment, and advanced materials — directly overlapping with PyroGenesis' plasma torch and waste destruction offerings.
• 6K: 6K produces premium metal powders for additive manufacturing using a UniMelt microwave-plasma process, directly competing with PyroGenesis' NexGen plasma-atomized titanium powder line in aerospace, medical, and electronics markets.
• IperionX: IperionX is a titanium powder producer focused on additive manufacturing with a lower-energy production process, competing directly with PyroGenesis Additive in the titanium AM powder market for aerospace and defense.
• Europlasma: Europlasma is a French plasma-based industrial group operating in waste gasification and hazardous waste destruction, with technology and customer use cases that directly mirror PyroGenesis' PRRS and SPARC platforms.

Emerging players

• Clean Planet Energy: Clean Planet Energy operates advanced thermal conversion plants for hard-to-recycle plastics and waste, using high-temperature processing technology that intersects with PyroGenesis' waste-to-energy and plasma gasification offerings.
• Continuum Powders: Continuum Powders produces recycled metal powders for additive manufacturing, including sustainable titanium and nickel alloy powders, partially overlapping with PyroGenesis' titanium powder offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/PyroGenesisCan
• YouTubeyoutube.com/channel/UCucA4aIFCnjYp9QEDYuDryw?feature=watch
• Facebookfacebook.com/PyroGenesisCAN
• LinkedInlinkedin.com/company/pyrogenesis-canada

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds11 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PyroGenesis