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PlasCred Awarded $5 Million Grant from Emissions Reduction Alberta to Advance Neos Facility
Calgary, Alberta--(Newsfile Corp. - July 23, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the "Company" or "PlasCred"), an Alberta-based clean technology company focused on advanced plastic recycling, is pleased to announce it has been awarded $5 million in non-dilutive funding from the Alberta government through Emissions Reduction Alberta ("ERA") to support the development of its first commercial-scale facility, Neos.PlasCred has already demonstrated proof-of-concept succ
About this update from Plascred Circular Innovations Inc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":1,"height":1,"url":"https://www.newsfilecorp.com/newsinfo/259740/202"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8RTzm9YkhACMMBzXFVZymA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MzY7Y2Y9d2VicA--/https://www.newsfilecorp.com/newsinfo/259740/202","width":1,"height":1}},"lazy":false},{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - July 23, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the "Company" or "PlasCred"), an Alberta-based clean technology company focused on advanced plastic recycling, is pleased to announce it has been awarded $5 million in non-dilutive funding from the Alberta government through Emissions Reduction Alberta ("ERA") to support the development of its first commercial-scale facility, Neos.","length":485,"tagName":"p"},{"type":"text","content":"PlasCred has already demonstrated proof-of-concept success with patent-pending Primus, its pilot-scale unit, which has been operational since May 2023. Primus has served as a foundational testing platform, validating the conversion of waste plastics into high-value Renewable Green Condensateā¢, a low sulphur, low carbon circular naphtha used as feedstock for the production of virgin plastic ("Condensate").","length":418,"tagName":"p"},{"type":"text","content":""By investing in advanced materials and circular economy solutions, we're helping Alberta's industries stay competitive, create jobs, and reduce emissions. This funding supports technologies that make better use of our resources while cutting costs. It's a win for both the economy and the environment." said Justin Riemer, CEO, Emissions Reduction Alberta","length":378,"tagName":"p"},{"type":"text","content":"With the Alberta government's support through ERA, PlasCred is advancing from pilot validation to commercial deployment, building on the technical and operational insights gained from its Primus facility to begin construction of the Neos facility and ensure a smooth transition to full-scale operations.","length":307,"tagName":"p"},{"type":"text","content":""The Alberta government and ERA's support marks a critical milestone for PlasCred as we transition to commercial deployment...