Grants and Contributions:
Title:
Neos - Process Optimization and Product Development
Agreement Number:
1038579
Agreement Value:
$2,350,000.00
Agreement Date:
Dec 1, 2025 - Nov 30, 2027
Description:
PlasCred Circular Innovations Inc. is developing Neos, a 100-tonne-per-day advanced recycling facility at CN Rail’s Scotford Yard site, converting mixed post-consumer plastic waste into a refined hydrocarbon circular condensate, for new plastic production.
Organization:
National Research Council Canada
Expected Results:
The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Location:
Calgary, Alberta, CA T2P 2X6
Reference Number:
172-2025-2026-Q4-1038579
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
751678103
Recipient Type:
For-profit organization
Recipient's Operating Name:
Plascred
Recipient's Legal Name:
PlasCred Inc.
Federal Riding Name:
Calgary Centre
Federal Riding Number:
48004
Program:
Industrial Research Assistance Program
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Coverage:
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.
NAICS Code:
562920