A plasma waste treatment system announced its intention to float on the alternative investment market (AIM) of the London Stock Exchange this week.
Canadian-based PyroGenesis uses the extreme heat generated by plasma to treat industrial, hazardous, clinical and municipal waste streams, and can also treat combustible waste on board ships. It can use the intense energy of plasma to convert waste into energy and non-hazardous products.
Founded in 1991, and operating out of a facility in Montreal, the company wants to raise additional funds from an AIM listing to expand and pursue market opportunities in the UK, continental Europe and Asia, including establishing a UK sales office.
PyroGenesis chief executive Peter Pascali said the company has a “unique and innovative technological solution to the growing challenges of waste management” and the company looked forward to “stepping up our production and marketing activities to highlight the benefits of plasma to help promote it as an accepted mainstream waste treatment solution.”
The company has worked with the US Navy and Carnival Cruise Lines, and its board of directors includes Veolia Environmental Services deputy chief executive John Kutner and Augean chief executive John Huntington.