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Progressive Planet's Strategic Partner ZS2 Technologies Awarded $2.6 Million Grant for Direct Air Capture Technology Development
Progressive Planet's Strategic Partner ZS2 Technologies Awarded $2.6 Million Grant for Direct Air...
About this update from Progressive Planet Solutions Inc.
[{"type":"text","content":"\n \n \n \n Progressive Planet's Strategic Partner ZS2 Technologies Awarded $2.6 Million Grant for Direct Air Capture Technology Development\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION IN THE\n \n USA\n \n /\n \n \n \n \n KAMLOOPS, BC\n \n \n ,\n \n \n Feb. 21, 2023\n \n \n /CNW/ -\n \n Progressive Planet\n \n (TSXV: PLAN) (OTCQB: ASHXF) (\"Progressive Planet\", \"PLAN\", or the \"Company\"), a strategic partner and investee company with ZS2 Technologies (\"ZS2\"), would like to extend its congratulations to ZS2 for being awarded a\n \n \n $2.6 million\n \n grant\n \n to develop direct air capture technology.\n \n \n \n \n \n \n \n \n \n On\n \n February 16, 2022\n \n , Sustainable Development and Technology Canada (\"SDTC\"), a federal Crown corporation, announced that ZS2 Technologies had been awarded the grant to develop direct air capture technology. ZS2's ground-breaking work involves permanently removing CO2 from the atmosphere and incorporating it into high-performance cement building materials.\n \n \n PLAN had previously announced a\n \n supply agreement with ZS2\n \n to provide 24 tonnes of PozGlass™ SCM and PozZeo™ SCM to ZS2 over a twelve-month period, with an expected monthly supply of roughly two tonnes. However, PLAN has now received a purchase order and will be shipping a full truck of PozZeo, totalling 26 tonnes, to ZS2's new pilot plant in\n \n Calgary\n \n this week. PozZeo is produced from fines created during the production of the Company's Z-Lite® Feed Additive.\n \n \n \"Our value proposition when we purchased the\n \n Kamloops\n \n -based business with a 30-year track record was to leverage the acquired business's in-house manufacturing capabilities, established product line, revenues, and distribution network that would accelerate the expansion of our proprietary technologies in the cement and chemical fertilizer replacement sectors. While we focus on growing the legacy business, we will continue to develop new markets...