Re: Aquasource technologies - dross recovery in Quebec
in response to
by
posted on
Jul 19, 2022 10:37AM
Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers
Hey A-G.
It's no competitor at all. Here's why...
Westinghouse Plasma was sold to a company called "Alter NRG", in 2007.
In March 2015, Alter NRG was bought by a US holding company, 030629 B.C. Ltd...
Source: https://www.wastetodaymagazine.com/article/harvest-international-alter-nrg-acquisition/
Which was owned by another holding company, Harvest International New Energy...
Which was owned by a third holding company, Sunshine Kaidi New Energy Group Co. in China.
Sunshine Kaidi New Energy Group Co. was once one of the largest bioenergy companies in the world, but was consumed by debt and its stock was eventually suspended.
Source: https://www.caixinglobal.com/2019-05-15/energy-firms-troubles-deepen-as-bond-listings-suspended-101416098.html
As a result, in April 2019, the plasma subsidiary declared bankruptcy and went into receivership.
In Sept 2020, it was all sold off for parts, when its intellectual property, customer records, and so forth was put up for auction in US Bankruptcy Court.
Source: https://boereport.com/2021/07/22/alter-nrg-corp-sale-or-investor-solicitation-process/
It was eventually bought at auction by Dighe Technologies Corp.
Source: https://www.prnewswire.com/news-releases/dighe-technologies-buys-ip-assets-of-westinghouse-plasma-corp-301131830.html
Dighe Technologies then put all of that onto their existing web site and rolled it into their business consulting on desalination projects, under the exising Aquasource Technologies name.
The projects and case studies referenced on their web site (relative to those plasma aspects bought at the bankruptcy acution) appear to all be from the 1980s and 1990s when it was Westinghouse. The specific project you mentioned has nothing to do with the current company Aquasource, it's merely a system that was sold by the now-bankrupt Westinghouse to Sceptre back in 1992. [Side note: none of this has anything to do with Sceptre, which is a good company and unrelated to Aquasource or Westinghouse in any way other than they once bought a system from Westinghouse 30 years ago.]
With no sign of any upgrade to the products, no mention of R&D, and no clients listed in decades for that particular plasma offering, whatever remains of the Westinghouse product as listed on the Aquasource web site is older, outdated technology -- at least so far as being a competitor to PyroGenesis.
Steve
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Trolling the web today and came across this :
https://aquasourcetechnologies.com/portfolio/scepter-alcan-aluminum-dross-recovery/
This company uses a 2 MW plasma torch made by Westinghouse in what seems to a layperson like me, a process similar to Pyro's. And they've been doing it at the Alcan plant in Jonquierre since 1995.
Is this a serious competitor to Pyro?
Brgds,
A-G