PlasCred Circular Innovations Inc. Engages Financial Advisor to Lead Neos Facility Capital Raise
Rhea-AI Summary
PlasCred Circular Innovations (OTC: MGPRF) engaged PricewaterhouseCoopers Corporate Finance to lead capital raising for its first commercial advanced recycling facility, Neos, in Fort Saskatchewan, Alberta.
Neos is a 100 tonnes-per-day plant projected to cost $25 million, has a $5 million ERA grant, a non-binding $8.5 million senior debt term sheet from BDC, and a five-year fixed-price $120 CAD/barrel offtake covering 100% of production.
Positive
- Neos capacity: 100 tpd (≈36,500 t/yr diverted)
- Estimated emissions avoided: 51,000 t CO2e annually
- Project cost: $25 million with $5 million non-dilutive grant
- BDC $8.5 million senior debt term sheet (indicative)
- Five-year fixed-price offtake at $120 CAD/barrel covering 100% output
- Maximus expansion design: 2,000 tpd, 10,000 bpd condensate
Negative
- BDC financing is a non-binding indicative term sheet
- Remaining project capital beyond secured anchors not yet closed
- Technology is patent-pending, not yet granted
Calgary, Alberta--(Newsfile Corp. - October 7, 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 engaged PricewaterhouseCoopers Corporate Finance Inc. as financial advisor for PlasCred's first commercial-scale facility advanced recycling facility, Neos, in Fort Saskatchewan, Alberta.
Neos will convert 100 tonnes per day of mixed, hard-to-recycle plastic waste, equivalent to diverting approximately 36,500 metric tonnes of plastic waste from landfills each year, into PlasCred Circular Condensate™ ("Condensate"), a low-sulphur circular naphtha used in the production of virgin plastic. This output will eliminate an estimated 51,000 tonnes of CO₂e annually, based on lifecycle modeling of diverted plastic waste and avoided virgin fossil production.
The facility's proprietary, patent-pending dual catalytic pyrolysis system has been developed and piloted entirely in Canada, validated through over two years of continuous operation at PlasCred's Primus pilot facility. Neos will also leverage Palantir Foundry, an industrial AI data platform, to provide real-time visibility across feedstock supply, production performance, and environmental impact. This integration will enable auditable lifecycle assessments, support plastic credit tracking, and optimise logistics, reinforcing PlasCred's ability to deliver measurable environmental outcomes and operational excellence from day one.
The project is strategically located at CN Rail's Scotford Yard in Alberta's Industrial Heartland, a premier hydrocarbon-processing hub with enclosed industrial buildings, a 200-car siding, existing utilities, and direct Class I rail connectivity. This integration ensures reliable inbound feedstock logistics and seamless outbound product shipments. Neos is the commercial proof point for PlasCred's proposed scale-up strategy, providing the operational and market platform for Maximus, the Company's industrial-scale expansion that will be co-located at the same Scotford site. Maximus is designed to process up to 2,000 tonnes per day and produce up to 10,000 barrels per day of condensate. PlasCred has also identified additional locations in North America for future facilities, positioning the Company to replicate its model in other key markets and build a long-term growth pipeline.
PlasCred's technology efficiently converts mixed contaminated plastics that are typically rejected by mechanical recycling. Unlike incineration or waste-to-energy approaches, the process produces a circular petrochemical feedstock suitable for reuse in new, food-grade plastics, supporting Extended Producer Responsibility ("EPR") compliance and corporate sustainability mandates.
PlasCred projects the Neos facility to cost approximately
"With key funding anchors already secured and strong strategic partners in place, our focus is now on closing the final tranche of capital and moving Neos into construction" said Troy Lupul, President and CEO of PlasCred.
About PlasCred Circular Innovations Inc.
PlasCred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing towards a climate-positive future, PlasCred aspires to be among the largest advanced plastic waste recyclers in North America and globally. Their groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and advanced recycling.
PlasCred also has strategic partnerships with CN Rail, Palantir Technologies Inc., the Government of Alberta, Fibreco Export Inc., and a Global Commodities Company. These collaborations provide PlasCred with world-class logistics, AI-driven operational intelligence, and stable long-term revenue, while driving measurable environmental impact through large-scale waste diversion, CO₂e reduction, and circular economy leadership.
For further information on PlasCred, visit our website at www.PlasCred.com
ON BEHALF OF THE BOARD
Troy Lupul - President & CEO
Contact Information
For more information please contact:
PlasCred Circular Innovations Inc.
Investor Relations
Email: IR@PlasCred.com
Forward-looking Statements
Forward-looking statements in this release include, but are not limited to: the timing, scope, and cost of constructing the Neos facility; projected operating performance, revenues, EBITDA, internal rate of return, and payback period; anticipated greenhouse-gas reductions; the availability, terms, and timing of financing; feedstock sourcing, quality, and pricing; regulatory approvals; offtake performance; and the Company's broader commercialization, replication, and expansion plans, including the proposed Maximus facility and any future North American locations. Forward-looking statements are based on management's current assumptions and expectations, which are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Such risks and uncertainties include, without limitation: construction, commissioning, and start-up risks; cost overruns; delays or disruptions in the supply chain; ability to achieve and maintain nameplate capacity at scale; changes in feedstock availability, composition, or pricing; fluctuations in commodity prices and foreign exchange rates; failure of counterparties to perform under offtake, financing, or strategic agreements; changes in applicable laws, regulations, or EPR requirements; inability to secure or maintain permits; adverse changes in market demand for advanced recycling products; evolving ESG reporting standards; technology performance or reliability issues; and general economic, political, and capital market conditions. A discussion of these and other factors that may affect future results is contained in the Company's continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca. Forward-looking statements are not guarantees of future performance, and readers should not place undue reliance on them. Except as required by applicable securities laws, the Company undertakes no obligation to revise or update any forward-looking statements to reflect new events, circumstances, or otherwise.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269262
FAQ
What is PlasCred announcing on October 7, 2025 for MGPRF?
How large is the Neos facility and what is its annual plastic diversion for MGPRF?
What funding has PlasCred secured for Neos and how much more is needed for MGPRF?
What revenue agreement covers Neos production for MGPRF?
What environmental impact does Neos claim for MGPRF?
What is the commercialization path beyond Neos for MGPRF?
