PlasCred Circular Innovations Inc. announced an updated Memorandum of Understanding (MOU) with Canadian National Railway Company. This ongoing partnership emphasizes PlasCred's commitment to the circular economy, significantly enhanced by CN's unparalleled logistical support. The collaboration is set to transform PlasCred's operations, leveraging CN's expansive logistics network to facilitate the growth and distribution of PlasCred's innovative solutions across North America.

Collaborative Scope: The MOU formalizes a partnership to evaluate the feasibility of transporting at least 300,000 kilograms of mixed waste plastics and 2,000 barrels per day of liquid product via CN's rail network. The MOU includes the proposed construction of PlasCred's initial Maximus plant at CN's Scotford Yard. This plan is contingent on the progress and outcome of ongoing lease negotiations.

CN will assist PlasCred to identify CN accessible rail origins for waste plastics. These sites may include CN operated transload or 3rd party accessible sites. Plascred will develop all or an amalgamation of the following offloading sites exclusively on CN: Alberta Industrial Heartland, Greater Chicago Area and Gulf Coast, USA.