Business
PlasCred Circular Innovations Inc. Announces Alberta Innovates Funding Grant
Calgary, Alberta--(Newsfile Corp. - April 8, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the "Company" or "PlasCred"), a transformative leader in the advanced plastic waste recycling sector, is pleased to announce that Alberta Innovates has approved $500,000 in funding to support continued research and development aimed at enhancing the quality and consistency of its Renewable Green Condensate™. The project will be conducted in collaboration with the University of Calgary'
About this update from Plascred Circular Innovations Inc
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - April 8, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the "Company" or "PlasCred"), a transformative leader in the advanced plastic waste recycling sector, is pleased to announce that Alberta Innovates has approved $500,000 in funding to support continued research and development aimed at enhancing the quality and consistency of its Renewable Green Condensate™. The project will be conducted in collaboration with the University of Calgary's Centre for Advanced Polymers and Nanotechnology, led by Dr. Uttandaraman Sundararaj. The research will focus on refining catalyst optimization, modeling the fluid properties of liquid polymers, improving polymer breakdown efficiency, and refining production processes to support PlasCred's Neos and Maximus commercial advanced recycling facilities.","length":878,"tagName":"p"},{"type":"text","content":""PlasCred is rapidly working on a solution that can reduce the amount of plastic waste ending up in our landfills by turning it back into raw materials that can be used in the petrochemical industry," says Mark Summers, VP Agriculture & Environment at Alberta Innovates. "We are pleased to support the development of technologies that expand Alberta's circular economy capacity; creating new jobs in new industries, and empowering local entrepreneurs."","length":480,"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 Condensate™ ("Condensate") at a small scale. Over the past year, extensive testing on diverse feedstocks has provided critical data on catalyst behavior, polymer breakdown efficiency, and product quality stability. This research has guided the engineering design of PlasCred's proposed Neos facility and provided insights into optimizing feedstock processing, reaction conditions, and end-product refinement.","length":704,"tagName":"p"},{"type":"text","content":"With this Alberta Innovates funding, PlasCred is taking the next step-building upon the scientific groundwork established by Primus. Leverag...