PlasCred Secures Funding to Enhance Plastic Recycling Operations

Cover Technologies ( (TSE:PLAS) ) has issued an update.

PlasCred Circular Innovations Inc. has secured a $500,000 funding grant from Alberta Innovates to advance research and development of its Renewable Green Condensate™. This initiative, in collaboration with the University of Calgary, aims to optimize catalyst formulations and improve production processes for commercial deployment. The strategic co-location of PlasCred’s Neos and Maximus facilities at the CN Rail Scotford Yard site in Alberta’s Industrial Heartland will leverage existing infrastructure and transportation networks, ensuring efficient operations. A long-term offtake agreement with a Global Commodities Company provides financial stability, supporting PlasCred’s scalable growth and sustainable operations.

More about Cover Technologies

PlasCred Circular Innovations Inc. is a transformative leader in the advanced plastic waste recycling sector, focusing on converting waste plastics into high-value Renewable Green Condensate™. The company is committed to enhancing the circular economy by reducing landfill waste and providing raw materials for the petrochemical industry.

YTD Price Performance: 37.50%

Average Trading Volume: 174,435

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$2.92M

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