14:17:38 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Plascred Circular Innovations Inc
Symbol PLAS
Shares Issued 62,396,604
Close 2024-02-07 C$ 0.47
Market Cap C$ 29,326,404
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Plascred Circular talks work on upcycling plastic waste

2024-02-08 10:11 ET - News Release

Mr. Troy Lupul reports

PLASCRED CIRCULAR INNOVATIONS INC. BEGINS TRADING ON THE FRANKFURT STOCK EXCHANGE, PROVIDES CORPORATE OVERVIEW

Plascred Circular Innovations Inc. is proud to reflect on a remarkable year; Plascred stands at the forefront of the plastic waste upcycling sector, having achieved a series of transformative milestones that underscore the company's commitment to innovation, sustainability and strategic growth.

Introduction and Vision: Plascred emerged with a pioneering vision to transform the plastic waste crisis into an opportunity for sustainable development. By leveraging advanced patent pending upcycling technologies, we aim to mitigate environmental impact and foster a circular economy, turning plastic waste into valuable resources. Our listing on the Canadian Securities Exchange (CSE) marked a new chapter in Plascred's story. This strategic milestone not only underscores the confidence of the investor community in our vision and capabilities but also opens new avenues for growth, investment, and innovation.

Technological Success: The Primus pilot plant, commissioned in May 2023, stands as a groundbreaking achievement for Plascred, showcasing our innovative approach to upcycling plastic waste. Through patent-pending technology, the plant efficiently converts mixed plastic waste into high-quality renewable green condensate, a sustainable alternative to traditional fossil fuels. This success not only enhances our processing capabilities but also exemplifies a scalable and replicable model for global sustainability efforts, marking a significant step towards reducing plastic pollution and advancing circular economy principles.

Strategic Partnerships: Plascred has significantly enhanced its operational and strategic capabilities through pivotal alliances with CN Rail and Palantir Technologies Inc. By integrating Palantir's Foundry AI software, we will be able to leverage cutting-edge data analytics and AI-driven insights to optimize our upcycling processes, improving efficiency and scalability. This software empowers us with real-time decision-making capabilities, ensuring our operations are as effective and impactful as possible.

Meanwhile, our partnership with CN Rail taps into an unparalleled logistics network, offering seamless and efficient transportation solutions across North America. This logistical prowess ensures the swift and reliable movement of plastic waste feedstock, critical to scaling our upcycling efforts and meeting demand. Together, these partnerships fortify our logistical, analytical, and sustainability frameworks, propelling Plascred towards our goal of leading the plastic waste upcycling industry across North America and beyond.

Certification and Sustainability: Our pursuit of ISCC PLUS certification with SCS Global Services and engagement with Verra for the verification of plastic credits significantly deepen our environmental commitment. The ISCC PLUS certification ensures our adherence to rigorous sustainability and responsible sourcing standards, affirming our products' environmental integrity. Simultaneously, partnering with Verra for the verification of plastic credits allows us to contribute to a transparent and credible market for trading plastic credits, further driving our mission towards reducing plastic waste. This comprehensive approach underscores our dedication to sustainability, making a tangible impact on the environment through verified actions and responsible practices.

Looking ahead, Plascred is unwavering in our commitment to pioneering paths in innovation, sustainability, and expansion. Our journey, fueled by passion and purpose, has us poised for exciting future opportunities. "As we celebrate our achievements, we're also eagerly anticipating the introduction of our proposed Maximus plant, a critical step in scaling our impact," states Troy Lupul, President & CEO. "Our progress is a beacon of what's possible when dedication meets vision, illustrating our commitment to creating a sustainable future."

About Plascred Circular Innovations Inc.

Plascred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing towards a climate-positive future, Plascred aspires to be among the largest advanced plastic waste upcycler's in North America and globally. Their groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and upcycling.

Plascred is also developing strategic partnerships with CN Rail, Palantir Technologies Inc., and Fibreco Export Inc., providing Plascred with unparalleled operational intelligence and logistics support across North America and globally for transportation and handling of plastic waste. Further information on Plascred, see their YouTube channel and website located at http://www.youtube.com/@PlascredInc and https://www.Plascred.com

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