PlasCred Circular Innovations Inc. announces non-binding term sheet from Business Development Bank of Canada for up to $8.5 million building on ERA grant support.
CALGARY, AB, CANADA, September 9, 2025 – PlasCred Circular Innovations Inc., an Alberta-based clean technology company focused on advanced plastic recycling, is pleased to announce it has received a non-binding term sheet from the Business Development Bank of Canada for up to $8.5 million in proposed senior debt financing. This milestone builds on a $5.0 million non-dilutive grant from Emissions Reduction Alberta dedicated to the construction of PlasCred’s Neos commercial facility in Strathcona County, as well as $500,000 in R&D funding from Alberta Innovates to advance commercialization of the company’s patent-pending dual-catalytic pyrolysis platform.
Strathcona County continues to prove why it’s the ideal location for low-carbon and circular economy investments, and this is exciting momentum for circular innovation in the region!
