PlasCred Circular Innovations has entered into a conditional long-term lease agreement with Canadian National Railway for the site of its proposed PlasCred Neos advanced recycling facility at CN's Scotford Yard in Fort Saskatchewan, Alberta. The lease, subject to conditions being met before August 1, 2026, provides an initial 15-year term with renewal options securing up to 30 years of site control. The 7.34-acre property includes a 35,000-square-foot industrial building and a 200-car rail siding, supporting receipt of mixed plastic waste, advanced recycling operations, and direct rail shipment of finished products. Once operational, the facility will process up to 100 tonnes of mixed hard-to-recycle plastics per day, converting them into approximately 500 barrels per day of refined hydrocarbon condensate for new plastics and other industrial uses. The site's location within Alberta's Industrial Heartland and direct access to CN's rail network are expected to enhance transportation efficiency and reduce infrastructure needs.
Canadian National Railway CompanyCN Rail secures a long-term lease for a facility that will generate rail traffic, increasing demand for its rail services.
PlasCred secures a conditional long-term lease for its advanced recycling facility, securing site control and rail access for operations.