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Progressive Planet announces up to $4.6 Million in Non-Dilutive Funding Over 4 Years from SDTC to Build Revolutionary PozGlass Pilot Plant in Kamloops, BC
Progressive Planet announces up to $4.6 Million in Non-Dilutive Funding Over 4 Years from SDTC to...
About this update from Progressive Planet Solutions Inc.
[{"type":"text","content":"\n\n\n\n Progressive Planet announces up to $4.6 Million in Non-Dilutive Funding Over 4 Years from SDTC to Build Revolutionary PozGlass Pilot Plant in Kamloops, BC\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n KAMLOOPS, BC\n \n\n ,\n \n\n March 5, 2025\n \n\n /CNW/ - Progressive Planet\n \n (\n \n TSXV: PLAN) (OTCQB: ASHXF) (\"Progressive Planet\", \"PLAN\", or the \"Company\") is proud to announce up to\n \n $4,636,468\n \n in funding to support the construction of a pilot plant to produce PozGlass\n \n ™\n \n , a low-carbon supplementary cementitious material (SCM) derived from post-consumer glass. This funding from Sustainable Development Technology Canada (SDTC) covers a four-year period. The first tranche of\n \n $1,555,682\n \n was received by Progressive Planet on\n \n January 31, 2025\n \n .\n \n\n\n\n\n\n\n\n\n \"PozGlass\n \n ™\n \n is our solution to reducing the carbon footprint of cement production. This funding allows us to innovate, reduce emissions, and create value from post-consumer glass, a material that has been historically misallocated and considered waste,\" said\n \n Steve Harpur\n \n , CEO of Progressive Planet. \"We are grateful for the financial support of SDTC, whose substantial investment is driving this project forward.\"\n \n\n This investment represents a significant milestone in\n \n Canada's\n \n push toward decarbonizing the construction industry. Cement production, a key contributor to global CO\n \n 2\n \n output, currently accounts for\n \n over 7% of worldwide emissions\n \n . PozGlass\n \n ™\n \n represents a viable solution by reducing reliance on clinker, the carbon-intensive ingredient in traditional cement, while diverting post-consumer glass from landfills.\n \n\n \"Having the support of SDTC, and\n \n Canada's\n \n largest cement company, Lafarge Canada, reinforces that PozGlass\n \n ™\n \n is a relevant and promising solution to decarbonizing the production of cement,\" said\n \n Steve Harpur\n \n , Progressive Planet CEO.\n \n\n On\n \n June 29, 2023\n ...