Plascred Circular Innovations Inc.
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- PlasCred Circular Innovations Inc. (CSE: PLAS, FSE: XV2, OTC: MGPRF) develops and commercializes advanced recycling technology to process post-consumer plastic waste into high-value circular products, primarily through its proprietary, patent-pending PlasCred Process that converts up to 80% of unsorted, contaminated mixed plastics into Renewable Green Condensate, a zero-sulphur hydrocarbon feedstock suitable for fuels, pipeline diluent, virgin plastic production, and commercial end products; the company also generates verified plastic credits, carbon credits, and waste removal services supported by AI-driven traceability and industrial-scale throughput. Headquartered in Calgary, Alberta, Canada, and founded in 2007, PlasCred operates across North America with planned facilities including the Neos project at CN Rail's Scotford Yard targeting 400 to 2,000 tonnes per day of waste processing and the larger Maximus facility scaling to 10,000 barrels per day of output, leveraging partnerships with CN Rail for logistics, Palantir Technologies for Foundry AI platform optimization, Fibreco Export Inc., the Government of Alberta, and a Global Commodities Company for a five-year fixed-price offtake agreement covering all Neos production. Recent developments include engaging a financial advisor in October 2025 to lead a $25 million capital raise for Neos construction targeted for Q1 2026, securing a $5 million non-dilutive grant from Emissions Reduction Alberta and a $500,000 grant from Alberta Innovates in April 2025, reporting 2024 year-end results with advanced financing discussions for blended debt, equity, and grants, and expanding site plans to Moss Point, Mississippi, and Chicago, Illinois, to build continent-wide infrastructure for plastic circularity.
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