Progressive Planet Secures $4.6 Million for Low-Carbon Cement Innovation

Progressive Planet Solutions Inc ( (TSE:PLAN) ) just unveiled an update.

Progressive Planet Solutions Inc has secured up to $4.6 million in non-dilutive funding from Sustainable Development Technology Canada to build a pilot plant for PozGlass™ in Kamloops, BC. This investment marks a significant step in decarbonizing the construction industry by reducing reliance on carbon-intensive clinker and diverting waste glass from landfills. The collaboration with Lafarge Canada, which has agreed to purchase all PozGlass™ produced by the pilot plant, underscores the potential impact of this innovation on the cement industry.

More about Progressive Planet Solutions Inc

Progressive Planet Solutions Inc operates in the construction materials industry, focusing on innovative, low-carbon solutions. Their primary product, PozGlass™, is a supplementary cementitious material derived from post-consumer glass, aimed at reducing the carbon footprint of cement production.

YTD Price Performance: -19.44%

Average Trading Volume: 69,303

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$15.92M

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