/NOT FOR DISTRIBUTION IN THE USA/
KAMLOOPS, BC, Feb. 23,
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 a corporate update of its
activities.
Cement Innovation Partnership with Pyrogenesis Canada
On January 27, 2022, Progressive
Planet issued a news release announcing a collaboration with
Pyrogenesis Canada to explore two different objectives
including:
- To determine the feasibility of producing post-consumer
glass nanoparticles.
- To explore the feasibility of converting widely available,
high-grade, crystalline silica into amorphous silica. Only
amorphous silica works to enhance the strength of concrete.
The energy costs of producing nanoparticles were prohibitive,
but the use of plasma torches to transform crystalline silica into
amorphous silica offered promise.
The contract required Pyrogenesis to deliver 500 grams of
converted silica. This material was delivered in early February 2024 and PLAN conducted testing and
confirmed that the conversion had occurred with over 90%
conversion.
The next step is to confirm that the powder is reactive as a
supplementary cementing material (SCM). PLAN has scheduled the
production of mortar cubes using the powder during the week of
March 4, 2024. Full details of
compressive strength and water demand will be released after the
28-day compressive tests are completed. PLAN anticipates releasing
these results in the second week of April
2024.
Crystalline silica is one of the most abundant materials in the
earth's crust and the ability to economically convert it into
amorphous silica would offer a new supply of material to compensate
for fly ash which is no longer being generated from coal fired
power plants which are required to shut down in Canada before 2030.
"While this material still needs to prove its merit through
compressive strength testing in cement mortars, I wish to
acknowledge the effort made by the technical team at Pyrogenesis
over the last two years to overcome hurdle after hurdle to reach
the conversion rate of over 90%" stated Steve Harpur, CEO of Progressive Planet.
Supply Demand Forces Affecting Fly Ash
According to the Capital Power website,
https://www.capitalpower.com/operations/genesee-1-2/, the two coal
fired power plants, Genesee 1 and 2, that produce fly ash near
Edmonton, Alberta, will cease to
burn coal in 2024. With the conversion to natural gas,
approximately 180,0000 tonnes of fly ash that were consumed
annually by the cement industry will no longer be generated once
the two power plants switch over to consuming natural gas to
generate power.
According to the Transalta website,
https://transalta.com/about-us/our-operations/facilities/centralia/,
the massive coal burning power plant in Washington State will cease burning coal in
2025. The conversion of this plant to natural gas will result in
approximately 840,000 US tons of fly ash will no longer be produced
annually for use by the cement industry.
Collectively, these two separate power plants will cease to
provide over 1 million tonnes of fly ash to the Pacific Northwest
by mid 2025. It is under this paradigm change of supply that
Progressive Planet continues to work on commercializing both
natural pozzolans and PozGlass 100G, a ground glass pozzolan with
added strength derived from the proprietary removal of sodium from
the glass.
Update on Regenerative Fertilizers
On June 1, 2023, Progressive
Planet announced that it had supplied Carbon PK to farmers who
applied it to over 600 acres. In addition, grow trials were
conducted which demonstrated some efficacy for the fertilizer. Upon
recent consultation with partners, it was determined that there was
insufficient demand to justify further investment in this product
and Carbon PK will not be produced or developed any further.
On October 6, 2023, Progressive
Planet announced the launch of a new soil conditioner, Carbon Ca,
with the production of 61 tonnes of this product. Approximately
half of this product was sold in the Prairies and applied as a
source of calcium and carbon in the Fall of 2023 and the remaining
inventory will be applied during the Spring season. Progressive
Planet will await feedback from farmers and its partners as to the
efficacy of Carbon Ca.
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 by creating products that help
reduce carbon footprints and restore ecosystems.
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
