Top chemicals manufacturer fast-tracks testing with HPQ Silicon
HPQ Silicon (TSXV:HPQ), an emerging fumed silica producer, reports that top chemicals manufacturer Evonik requested samples ahead of the schedule laid out in the companies' 2024 letter of intent
HPQ is a Canadian green technology company focused on producing the critical materials needed to reach net-zero emissions
HPQ Silicon stock has given back 20.45 per cent year-over-year but remains up by 25 per cent since 2020
HPQ Silicon (TSXV:HPQ), an emerging fumed silica producer, reports that top chemicals manufacturer Evonik requested samples ahead of the schedule laid out in the companies' 2024 letter of intent (LOI).
The news follows third-party validation of HPQ's fumed silica production – overseen by subsidiary HPQ Silica Polvere (HSPI) – at its Fumed Silica Reactor (FSR) pilot plant, which is commercializing a proprietary process that uses 86 per cent less energy than legacy methods.
According to Wednesday's news release, the request came in before technology partner PyroGenesis (TSX:PYR) had finalized phase-one testing, highlighting 'the growing recognition of the unique potential of [HPQ's] Fumed Silica Reactor to convert quartz into fumed silica in a single step.'
HPQ Silicon continues to advance the FSR pilot program, including focuses on increasing product purity and ramping up to a production capacity of 50 tons per year, 'confident in the potential of its proprietary technology to disrupt traditional fumed silica production and meet growing market demand,' the news release goes on to state.
The fumed silica market is expected to compound at more than 5 per cent per year, surpassing US$2 billion by the end of the decade. Leadership insights
'From the start, one of the goals of the LOI has been to work directly with the world's leading fumed silica manufacturer to validate our FSR's ability to produce material that meets their specifications,' Bernard Tourillon, president and chief executive officer of HPQ Silicon, said in a statement. 'This collaboration gives HSPI access to over 80 years of real-world manufacturing and market expertise—an advantage that accelerates our development and strengthens our commercialization efforts. It's a rare and valuable opportunity.' About HPQ Silicon
HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company's efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production.
HPQ Silicon stock (TSXV:HPQ) last traded at C$0.18. The stock has given back 20.45 per cent year-over-year but remains up by 25 per cent since 2020.
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