Dear 007,

Thanks for posting here again.

I assume what you are asking is should the Kobe Steel/Vale/Mitsui venture to work on low CO2 ironmaking have any success would that effect PyroGenesis’ offering to provide torches to iron ore pelletization.

There is absolutely nothing to be concerned about. The Kobe Steel/Vale/Mitsui venture is downstream from us.  They are trying to improve/replace the blast furnace process to make steel from the pellets we provide.  You see, we concentrate the iron ore at the source and the resultant pellets are then feed into the blast furnace downstream.   

This is all good and underscores the intense pressure the industry is under to address GHG emissions, and the amount of money being dedicated to address this concern. Our patented simple bolt-on-replacement is having a tremendous impact on the GHG reduction strategy of many many such companies.

Hope this helps

Peter