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Cover Technologies ( (TSE:PLAS) ) just unveiled an announcement.
PlasCred Circular Innovations Inc. has engaged PricewaterhouseCoopers Corporate Finance Inc. to lead a capital raise for its first commercial-scale recycling facility, Neos, in Fort Saskatchewan, Alberta. The facility will convert hard-to-recycle plastic waste into low-sulphur circular naphtha, significantly reducing plastic waste and CO2 emissions. Strategically located at CN Rail’s Scotford Yard, Neos will leverage advanced AI technology for operational excellence and is backed by strategic partnerships and secured funding, positioning PlasCred for future expansion and a strong market presence.
More about Cover Technologies
PlasCred Circular Innovations Inc. is an Alberta-based clean technology company specializing in advanced plastic recycling. The company focuses on transforming plastic waste into valuable resources, aiming to become a leading advanced plastic waste recycler in North America and globally. PlasCred’s innovative, patent-pending technology supports a climate-positive future by enabling the production of circular petrochemical feedstock suitable for new, food-grade plastics.
Average Trading Volume: 135,548
Technical Sentiment Signal: Hold
Current Market Cap: C$10.54M
For detailed information about PLAS stock, go to TipRanks’ Stock Analysis page.