PlasCred Circular Innovations Inc. Engages Financial Advisor to Lead Neos Facility Capital Raise

Executive Summary

• PlasCred engaged PwC Corporate Finance as financial advisor for its first commercial‑scale advanced recycling facility, Neos, in Fort Saskatchewan.
• The $25 M Neos plant will process 100 t/d of mixed plastic waste, divert ~36,500 t/yr from landfill and eliminate an estimated 51,000 t CO₂e annually.
• Funding anchors are secured: a $5 M non‑dilutive grant from Emissions Reduction Alberta and a non‑binding $8.5 M senior debt term sheet from BDC; plus a five‑year fixed‑price offtake contract at C$120 per barrel for 100% of production.

Key Details

• Advisor Engagement: PwC Corporate Finance Inc. retained as financial advisor for Neos project.
• Facility Capacity & Impact:
• 100 tonnes/day mixed, hard‑to‑recycle plastic feedstock.
• Expected diversion of ~36,500 metric tonnes of plastic waste per year.
• Lifecycle modeling predicts avoidance of ~51,000 t CO₂e annually.
• Technology: Patent‑pending dual catalytic pyrolysis system, piloted for >2 years at the Primus pilot facility.
• Digital Integration: Palantir Foundry will provide real‑time visibility on feedstock logistics, production performance, and environmental metrics; supports auditable lifecycle assessments and plastic credit tracking.
• Location & Infrastructure: Situated at CN Rail’s Scotford Yard (Alberta Industrial Heartland) with 200‑car rail siding, existing utilities, and Class I rail access for inbound feedstock and outbound condensate shipments.
• Project Cost & Funding:
• Estimated total cost: C$25 M.
• Secured non‑dilutive grant: C$5 M from Emissions Reduction Alberta.
• Non‑binding senior debt term sheet: C$8.5 M from Business Development Bank of Canada (BDC).
• Funding path provides >50% of total project cost.
• Offtake Agreement: Five‑year fixed‑price contract with Global Commodities Company at C$120 per barrel, covering 100% of Neos production.
• Strategic Partners: CN Rail (logistics), Palantir Technologies (AI/analytics), Global Commodities Company (offtake).
• Future Expansion: Neos serves as proof‑point for larger “Maximus” facility (up to 2,000 t/d processing, 10,000 bbl/d condensate) planned at same site; additional North American locations under consideration.

Notable Quotes

"With key funding anchors already secured and strong strategic partners in place, our focus is now on closing the final tranche of capital and moving Neos into construction," – Troy Lupul, President & CEO, PlasCred Circular Innovations Inc.