Canadian National Railway signs conditional lease with PlasCred for Alberta recycling facility

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Canadian National Railway has entered into a conditional long-term lease agreement with PlasCred Circular Innovations for a proposed advanced recycling facility at its Scotford Yard in Fort Saskatchewan, Alberta. The lease provides an initial 15-year term with options to extend site control for up to 30 years, utilizing an existing 35,000-square-foot industrial building and a 200-car rail siding. The Scotford Yard location offers direct access to Canadian National's North American rail network, streamlining transportation of inbound mixed plastic waste and outbound refined hydrocarbon condensate. Once operational, the Neos facility is expected to process up to 100 tons of hard-to-recycle plastics per day, converting them into approximately 500 barrels of refined hydrocarbon condensate daily for use as feedstock in new plastics and other industrial applications. The agreement remains conditional on certain requirements, but represents a strategic step for Canadian National in supporting clean technology projects and expanding freight opportunities.

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PlasCred Circular Innovations Inc.Private▲ Positive
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Secured conditional long-term lease for its proposed advanced recycling facility.

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