PlasCred Signs Long-Term Agreement for Renewable Green Condensate

Cover Technologies ( (TSE:PLAS) ) has shared an announcement.

PlasCred Circular Innovations Inc. has signed a long-term agreement with a Global Commodities Company for the purchase and sale of Renewable Green Condensate produced at its proposed Neos facility in Alberta. This agreement, which includes a fixed price and a right of first refusal for additional production, enhances PlasCred’s financial stability and underscores its commitment to sustainability. The Neos and Maximus facilities will be developed in phases, significantly increasing production capacity and supporting long-term growth. Strategic partnerships with industry leaders like CN Rail and Palantir will optimize logistics and supply chain operations, positioning PlasCred as a pivotal player in addressing the global plastic waste crisis and advancing the circular economy.

More about Cover Technologies

PlasCred Circular Innovations Inc. is a leader in the advanced plastic waste recycling sector, aiming to transform plastic waste into valuable products. The company utilizes groundbreaking patent-pending technology to revolutionize plastic waste management and aspires to become one of the largest advanced plastic waste recyclers in North America and globally. PlasCred has strategic partnerships with CN Rail, Palantir Technologies Inc., and Fibreco Export Inc., providing operational intelligence and logistics support.

YTD Price Performance: 33.33%

Average Trading Volume: 171,289

Technical Sentiment Signal: Buy

Current Market Cap: C$2.92M

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