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HPQ's Statement on U.S. - Canada Tariff Situation, Reinforces Case for Domestic Fumed Silica Production
MONTREAL, March 12, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the &#x...
About this update from Hpq Silicon Inc
[{"type":"text","content":"HPQ’s Statement on U.S. - Canada Tariff Situation, Reinforces Case for Domestic Fumed Silica ProductionHPQ Plans to Start Commercial Production of Fumed Silica Using Its Pilot Plant in Q4 2025, Becoming Canada’s First Domestic Supplier\n\n\n\n MONTREAL, March 12, 2025 (GLOBE NEWSWIRE) --\n \n HPQ Silicon Inc.\n \n (“HPQ” or the “Company”) (\n \n TSX-V: HPQ\n \n\n ,\n \n\n OTCQB: HPQFF\n \n ,\n \n FRA: O08\n \n ), a technology company specializing in green engineering processes, would like to inform shareholder that recently announced\n \n tariffs\n \n\n and resulting counter tariffs\n \n on critical feedstock including\n \n fumed silica has NO impact on discussions with parties under LOI and other NDAs interested in our Fumed Silica material and technologies.\n \n Also, the Company would like to add that it intends to start commercial production of fumed silica using its pilot plant this year.\n \n\n HPQ, through its subsidiary\n \n HPQ Silica Polvere Inc. (HSPI)\n \n\n\n [1],\n \n\n is progressing as planned with the development of its\n \n Fumed Silica Reactor (FSR) system\n \n . Following the successful production\n \n of its first batch in late February 2025\n \n , the pilot plant is now optimizing operations\n \n to increase throughput from 20–30 kg per batch to over 480 kg per\n \n\n day\n \n . During this phase, the fumed silica produced will undergo internal testing, with samples sent to parties under LOI (\n \n as per the July 9, 2024, release\n \n ) and other NDAs.\n \n\n By Q4 2025, HSPI will begin\n \n commercial production of fumed silica\n \n using its\n \n pilot-scale FSR system\n \n , making it\n \n Canada’s first domestic producer of fumed silica.\n \n With escalating U.S. tariff threats and potential countermeasures, the timing is critical, as these trade policies are expected to\n \n disrupt supply chains and increase the cost of imported materials.\n \n\n\n\n “Fumed silica is used in thousands of everyday products, yet Canada has no domestic\n \n production,\n \n leaving Canadian manufacturers vulnerable to unpredictable trade policies that could swiftly drive prices up.\n \n\n\n As a result, prices are expected to rise by at least 25%, squeezing businesses and limiting growth\n \n\n ,” said\n \n Bernard Tourillon, President ...