SEPTEMBER 9, 2025 / FORT SASKATCHEWAN, AB – PlasCred Circular Innovations received $5 million from Emissions Reduction Alberta (ERA) to support its first commercial-scale plastics-to-liquids facility, Neos, at CN’s Scotford Yard in Alberta’s Industrial Heartland. Building on this momentum, the company also secured a non-binding term sheet from the Business Development Bank of Canada (BDC) for up to $8.5 million in senior debt financing, covering more than half of the $25 million project cost.

The Neos facility will process 100 tonnes of post-consumer plastic per day, producing 500 barrels of low-carbon circular naphtha for virgin plastic production. Once operational, it is expected to divert 36,500 tonnes of plastic waste annually and reduce 51,000 tonnes of CO₂e emissions. A five-year offtake agreement will ensure a stable revenue stream.

Neos is designed for modular expansion, forming the foundation for a larger facility, which could scale up to 2,000 tonnes per day. Integrated AI monitoring will track operations, emissions, and lifecycle impact, supporting Alberta’s leadership in circular plastics.

Read the full release here.

About Alberta’s Industrial Heartland
Alberta’s Industrial Heartland is Canada’s largest hydrocarbon processing region and most advanced carbon sequestration hub. With $50 billion in existing capital investment and more than 40 companies, AIH provides fuels, fertilizers, power, petrochemicals, hydrogen, and more to consumers around the world. Explore the people, partnerships, and potential behind Alberta’s Industrial Heartland.