PlasCred Circular Innovations Inc. Announces Non-Binding Term Sheet from Business Development Bank of Canada for up to $8.5 Million Building on ERA Grant Support
PlasCred Circular Innovations (CSE: PLAS) has secured a non-binding term sheet from the Business Development Bank of Canada for up to $8.5 million in senior debt financing. This complements a $5.0 million non-dilutive grant from Emissions Reduction Alberta and $500,000 in R&D funding from Alberta Innovates.
The company's planned Neos facility in Fort Saskatchewan will process 100 metric tonnes of post-consumer plastic waste daily, producing 500 barrels of Renewable Green Condensate鈩�. The facility has secured a five-year offtake agreement at $120 per barrel with a Global Commodities Company. The $25 million project is expected to begin construction in Q1 2026, with commissioning later that year.
The facility will divert 36,500 tonnes of plastic waste annually and avoid 51,000 tonnes of CO鈧俥 emissions. PlasCred plans to expand with a larger Maximus facility, scaling up to 2,000 tonnes per day capacity.
PlasCred Circular Innovations (CSE: PLAS) ha ottenuto un term sheet non vincolante dalla Business Development Bank of Canada per un finanziamento senior fino a $8,5 milioni. Questa iniziativa si affianca a una contribuzione non diluitiva di $5,0 milioni da Emissions Reduction Alberta e a $500.000 di finanziamento per R&S da Alberta Innovates.
Lo stabilimento pianificato Neos a Fort Saskatchewan tratter脿 100 tonnellate metriche di rifiuto plastico post-consumo al giorno, producendo 500 barili di Renewable Green Condensate鈩�. L鈥檌mpianto ha siglato un accordo di offtake quinquennale a $120 per barile con una Global Commodities Company. Il progetto da $25 milioni dovrebbe iniziare la costruzione nel primo trimestre del 2026, con avvio della messa in servizio nello stesso anno.
La struttura permetter脿 di deviare 36.500 tonnellate di rifiuti plastici all鈥檃nno ed eviter脿 51.000 tonnellate di emissioni equivalenti di CO鈧�. PlasCred prevede di espandersi con un impianto pi霉 grande, Maximus, incrementando la capacit脿 fino a 2.000 tonnellate al giorno.
PlasCred Circular Innovations (CSE: PLAS) ha asegurado una hoja de t茅rminos no vinculante del Business Development Bank of Canada para un financiamiento de deuda s茅nior de hasta $8.5 millones. Esto complementa una subvenci贸n no dilutiva de $5.0 millones de Emissions Reduction Alberta y $500,000 en fondos de I+D de Alberta Innovates.
La planta prevista Neos en Fort Saskatchewan procesar谩 100 toneladas m茅tricas de residuos pl谩sticos posconsumo por d铆a, produciendo 500 barriles de Renewable Green Condensate鈩�. La instalaci贸n ha asegurado un acuerdo de offtake por cinco a帽os a $120 por barril con una Global Commodities Company. El proyecto, de $25 millones, comenzar铆a la construcci贸n en el primer trimestre de 2026, con puesta en marcha m谩s adelante ese a帽o.
La planta desviar谩 36.500 toneladas de residuos pl谩sticos al a帽o y evitar谩 51.000 toneladas de emisiones equivalentes de CO鈧�. PlasCred planea expandirse con una planta mayor, Maximus, alcanzando una capacidad de hasta 2.000 toneladas por d铆a.
PlasCred Circular Innovations (CSE: PLAS)電� 旌愲倶雼� 牍勳雼堨姢 臧滊皽 鞚�頄�(Business Development Bank of Canada)鞙茧攵�韯� 斓滊寑 $8.5氚彪鞚� 靹犾垳鞙� 毂勲鞐� 雽�頃� 牍勱惮靻嶌爜 臁瓣贝響滊ゼ 頇曤炒頄堨姷雼堧嫟. 鞚措姅 Emissions Reduction Alberta鞚� $5.0氚彪 牍勴潿靹� 氤挫“旮�瓿� Alberta Innovates鞚� 鞐瓣惮臧滊皽 鞛愱笀 $500,000鞚� 氤挫檮頃橂姅 瓴冹瀰雼堧嫟.
韽姼 靸堨姢旎れ矘鞗愳棎 瓿勴殟霅� Neos 鞁滌劋鞚� 鞚检澕 100韱�鞚� 靻岆箘 頉� 頂岆澕鞀ろ嫳 韽愱赴氍检潉 觳橂Μ頃橃棳 500氚半煷鞚� Renewable Green Condensate鈩㈦ゼ 靸濎偘頃� 鞓堨爼鞛呺媹雼�. 鞚� 鞁滌劋鞚� Global Commodities Company鞕� 氚办稖氍� 甑Г 瓿勳暯(鞓ろ攧韰岇澊韥�)鞚� 5雲勱皠 氚半煷雼� $120搿� 觳搓舶頄堨姷雼堧嫟. 齑� $25氚彪 攴滊鞚� 鞚� 頂勲鞝濏姼電� 2026雲� 1攵勱赴鞐� 彀╆车頃橃棳 臧欖潃 頃� 毵� 鞁滌毚鞝勳潉 氇╉憸搿� 頃╇媹雼�.
鞚� 鞁滌劋鞚� 鞐瓣皠 36,500韱�鞚� 頂岆澕鞀ろ嫳 韽愱赴氍检潉 鞖绊殞 觳橂Μ頃橁碃 51,000韱�鞚� CO鈧俥 氚办稖鞚� 須岉敿頃� 瓴冹溂搿� 鞓堨儊霅╇媹雼�. PlasCred電� 雿� 韥� Maximus 鞁滌劋搿� 頇曥灔頃橃棳 頃橂（ 斓滊寑 2,000韱� 攴滊搿� 歃濎劋頃� 瓿勴殟鞛呺媹雼�.
PlasCred Circular Innovations (CSE: PLAS) a obtenu une feuille de conditions non contraignante de la Business Development Bank of Canada pour un financement par dette senior allant jusqu鈥櫭� 8,5 M$. Cela compl猫te une subvention non dilutive de 5,0 M$ d鈥橢missions Reduction Alberta et 500 000 $ de financement R&D d鈥橝lberta Innovates.
L鈥檌nstallation pr茅vue Neos 脿 Fort Saskatchewan traitera 100 tonnes m茅triques de d茅chets plastiques post-consommation par jour, produisant 500 barils de Renewable Green Condensate鈩�. L鈥檜sine a s茅curis茅 un contrat d鈥檕fftake de cinq ans 脿 120 $/baril avec une Global Commodities Company. Le projet de 25 M$ devrait d茅marrer les travaux au premier trimestre 2026, avec la mise en service plus tard la m锚me ann茅e.
La centrale permettra de d茅tourner 36 500 tonnes de d茅chets plastiques par an et d鈥櫭﹙iter 51 000 tonnes d鈥櫭﹎issions 茅quivalentes de CO鈧�. PlasCred pr茅voit de s鈥櫭﹖endre avec une plus grande installation, Maximus, en augmentant la capacit茅 jusqu鈥櫭� 2 000 tonnes par jour.
PlasCred Circular Innovations (CSE: PLAS) hat ein unverbindliches Term Sheet von der Business Development Bank of Canada 眉ber eine Senior-Darlehensfinanzierung von bis zu $8,5 Millionen erhalten. Dies erg盲nzt einen $5,0 Millionen nicht verw盲ssernden Zuschuss von Emissions Reduction Alberta sowie $500.000 an F&E-F枚rdermitteln von Alberta Innovates.
Die geplante Neos-Anlage in Fort Saskatchewan wird t盲glich 100 metrische Tonnen an post-consumer Kunststoffabf盲llen verarbeiten und 500 Barrel Renewable Green Condensate鈩� produzieren. F眉r die Anlage wurde ein f眉nfj盲hriger Offtake-Vertrag zu $120 pro Barrel mit einer Global Commodities Company abgeschlossen. Das $25 Millionen-Projekt soll im ersten Quartal 2026 mit dem Bau beginnen und noch im selben Jahr in Betrieb genommen werden.
Die Anlage wird j盲hrlich 36.500 Tonnen Kunststoffabf盲lle umleiten und 51.000 Tonnen CO鈧俥-Emissionen vermeiden. PlasCred plant eine Erweiterung mit einer gr枚脽eren Maximus-Anlage, die eine Kapazit盲t von bis zu 2.000 Tonnen pro Tag erreichen soll.
- Secured $8.5M potential debt financing from BDC plus $5.5M in non-dilutive grants
- Five-year offtake agreement locked in at $120 per barrel
- Facility will process 100 tonnes of plastic waste daily, avoiding 51,000 tonnes of CO鈧俥 emissions annually
- Strategic location at CN Rail's Scotford Yard with integrated logistics
- Scalable platform with planned expansion to 2,000 tonnes per day capacity
- Term sheet is non-binding and subject to due diligence and approvals
- Project still requires additional equity financing to reach $25M total cost
- Construction not expected to begin until Q1 2026
- Significant capital expenditure required for facility development
Calgary, Alberta--(Newsfile Corp. - September 9, 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 received a non-binding term sheet (the "Term Sheet") from the Business Development Bank of Canada ("BDC") for up to
PlasCred's Neos facility is designed to process approximately 100 metric tonnes of post-consumer plastic waste per day into 500 barrels of Renewable Green Condensate™, a low-sulphur, low-carbon circular naphtha ("Condensate") used as a feedstock for virgin plastic production. Strategically located at CN Rail's Scotford Yard, Neos will divert about 36,500 tonnes of plastic waste annually and is forecast to avoid 51,000 tonnes of CO₂e emissions through lifecycle displacement of virgin fossil feedstocks and traditional disposal methods. All production is secured under a five-year offtake agreement with a Global Commodities Company ("GCC") at
The Neos facility is expected to cost approximately
The non-binding Term Sheet provided by BDC is intended for discussion purposes only. It does not constitute a loan offer or commitment to finance. Any advancement of funds remains subject to, among other things, further due diligence, internal approvals, and negotiation and execution of definitive legal agreements. BDC is not under any obligation to proceed with financing and reserves full discretion to amend or withdraw the terms at any time prior to execution of such definitive agreements.
"This proposed financing represents a critical step toward realizing Alberta's circular plastics economy," said Troy Lupul, President and CEO of PlasCred. "We're pleased to work with BDC to structure a capital-efficient package alongside our ERA support. These combined supports position PlasCred to advance the development of a fully integrated, low-carbon circular solution for plastic waste."
A Fully Integrated Platform for Circular Plastics
Neos is engineered for replication and modular expansion as the commercial foundation for PlasCred's larger-scale Maximus platform. The proposed Maximus facility is designed to launch at approximately 400 tonnes per day and 2,000 barrels per day condensate and scale up to approximately 2,000 tonnes per day and 10,000 barrels per day condensate through phased deployment. Co-located with Neos at CN Rail's Scotford Yard, Maximus will leverage existing enclosed infrastructure, integrated rail logistics, and shared site services offering significant cost and execution advantages while anchoring Alberta as a hub for scalable, low-carbon plastic circularity. Neos will also integrate Palantir Foundry, an industrial AI platform, to capture real-time data on feedstock composition, facility performance, and product quality. The platform enables auditable lifecycle assessments ("LCA") that verify each tonne of waste plastic is transformed into new plastic, supports Extended Producer Responsibility ("EPR") compliance, tracks GHG emissions and plastic-credit issuance, and builds a digital twin of operations-delivering full-process traceability and AI-optimized decision-making.
With strategic site control, integrated rail logistics, and a five-year contracted revenue stream, PlasCred is advancing a scalable platform for circular plastics infrastructure. Project execution is led by Grey Owl Engineering Ltd., with modular fabrication supported by Alberta-based vendors. This Alberta-first deployment model is purpose-built for replication and growth across North America.
About BDC
The Business Development Bank of Canada ("BDC") is the nation's only bank exclusively dedicated to supporting entrepreneurs. With over 110 business centres across the country, BDC offers financing, venture capital, and advisory services to small and medium-sized enterprises ("SME") in all industries. Its investment arm, BDC Capital, provides equity and customized growth and business transition capital. As a Certified B Corporation, BDC meets high standards of social and environmental performance, accountability, and transparency. Learn more at .
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 .
ON BEHALF OF THE BOARD
Troy Lupul - President & CEO
Contact Information
For more information please contact:
PlasCred Circular Innovations Inc.
Investor Relations
Email: [email protected]
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.
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FAQ
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