/NOT FOR DISTRIBUTION IN THE USA/
KAMLOOPS, BC, May 2, 2024
/CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB:
ASHXF) ("Progressive Planet", "PLAN", or the
"Company"), a leader in developing CleanTech solutions for the
planet, is pleased to provide the results of 28-day compressive
strength tests recently completed on PozPyro.
In an exciting development for the building materials sector,
Progressive Planet Solutions has announced remarkable results from
recent compressive strength tests of PozPyro, a revolutionary new
cement alternative. Designed in collaboration with Pyrogenesis
Canada, PozPyro aims to provide a partial replacement alternative
for Portland cement.
PozPyro, a supplementary cementing material (SCM), was developed
to partially replace traditional Portland Cement, using plasma
technology to transform quartz silica, a widely available material,
into a SCM, without off gassing CO2 from the production process.
This innovation comes at a critical time, as the cement industry
seeks more sustainable practices without compromising quality or
performance. Portland cement emits
substantial amounts of CO2 during its production.
After rigorous testing, which involved preparing four
separate batches of cement mortar cubes, the results are
in:
PozPyro's Strength Activity Index (SAI) averaged 110.38% at
28 days for the initial two tests (Series A) initiated in
March 2024.
PozPyro's Strength Activity Index (SAI) averaged 140.76% at
28 days for final two tests (Series B) initiated in April 2024.
The average particle size was modified for the Series B tests
which resulted in higher strength. Progressive Planet will not
disclose particle sizing for competitive reasons.
The early success of PozPyro signals a significant step forward
in creating more greenhouse gas friendly building materials. As
Canada moves towards shutting down
coal-fired power plants by 2030, the need for alternatives to fly
ash, a common SCM, becomes more pressing. PozPyro not only fills
this gap but does so by tapping into one of the earth's most
abundant materials, crystalline silica, offering a promising and
sustainable solution for the future of construction.
According to the IMARC Group, the North American cement market
size reached 194.2 million tons (US tons) in 2023. Looking forward,
IMARC Group expects the market to reach 279.8 million tons by 2032,
which shows a growth rate of 4% per annum between 2024 and 2032.
With the ability to substitute 20% of Portland Cement with
pozzolanic cements, the total addressable North American market is
projected to reach over 55 million tons by 2032. At a projected
price of $200 USD per ton by 2032,
the potential market is over $11 billion
USD per annum by 2032.
For many decades, fly ash has been the product used to partially
replace Portland cement in cement
blends specified by engineers to increase durability and chemical
resistance.
Steve Harpur, CEO of Progressive
Planet, commented, "These results were exceptional and provide us
with the technical confidence to take the next steps to bring this
product to market. Just in the Pacific Northwest, over one million
tons of fly ash will cease to be generated by the summer of 2025 at
which time two massive thermal coal to energy facilities will have
finished converting from burning coal to natural gas."
Furthermore, PozPyro demonstrated excellent workability, with
water demand rates between 99% and 109%, ensuring it is easy to use
in various concrete applications.
"These are the best results we have ever seen in an alternative
cementing material. The fact that silica-based cements do not off
gas CO2 is an additional bonus to the exceptional compressive
strength results" said Steve Gurney,
President of PLAN.
"These 28-day test results confirm the impressive results
achieved by the previous 7-day tests, and underscore yet again the
transformative nature of plasma in producing materials, in both an
economically and environmentally beneficial manner, that are key to
heavy industry," said P. Peter
Pascali, President and CEO of PyroGenesis. "Not only were we
able to far surpass the minimum acceptable product standard
compared to 75% of the control, but when compared to a full value
of the control, the PozPyro green cement additive showed a 49.67%
gain. In other words, these tests suggest that not only can PozPyro
potentially outperform other traditional cement additive products
in strength, it has the potential to directly outperform pure
cement alone. As I've stated before, the cement industry is a key
target for us, and we have high expectations for the PozPyro green
cement additive material."
Now that the compressive strength of PozPyro have been
demonstrated, Progressive Planet and Pyrogenesis Canada will work
together to create a plan and budget to accomplish the following
objectives:
- Prove that PozPyro can be produced economically,
- Complete other tests such as resistance to chemicals, and,
- Maximize the recovery of heat generated by the plasma for
re-use.
The primary next step is the development of a pilot scale
project, the planning of which will commence in the very near
term.
Progressive Planet provides regular information for investors on
its website: progressiveplanet.com/investors/. This includes press
releases and other information about financial performance, patents
filed, and information on corporate governance.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
About Progressive Planet:
We are a CleanTech and
manufacturing company with proven product lines based in
Kamloops, British Columbia. Our
expertise lies in developing critical low-carbon and carbon
sequestering solutions using our owned mineral assets and recycled
materials to create planet-friendly products that fight climate
change and protect our planet's health.
Our products are in 10,000+ retail stores across North America. Our innovations, created at our
C-Quester™ Centre of Sustainable Innovation, bring positive
disruption to the cement, agricultural and animal-care sectors.
Forward-Looking Statements:
Certain statements in this
release are forward-looking statements, which reflect the
expectations of management regarding the matters described herein.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations, or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause
actual results, performance, or developments to differ materially
from those contained in the statements. No assurance can be given
that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of
the date of this news release.
Disclaimer:
This news release, required by Canadian
laws, does not constitute an offer of securities and is not for
distribution or dissemination outside Canada.
SOURCE Progressive Planet Solutions Inc.