PartnershipJun 25, 2026, 03:01 PM
Canadian National Railway Leases Site for PlasCred Recycling Facility
AI Summary
Canadian National Railway Company (CN) has entered into a conditional long-term lease agreement with PlasCred Circular Innovations Inc. for the site of the proposed PlasCred Neos advanced recycling facility. Located at CN’s Scotford Yard in Fort Saskatchewan, Alberta, the agreement provides PlasCred with an initial 15-year lease term, with options for renewal up to 30 years. The 7.34-acre site includes an industrial building and a 200-car rail siding, enabling PlasCred Neos to process up to 100 tonnes of mixed plastic waste daily into refined hydrocarbon condensate, leveraging CN's rail network for logistics.
Key Highlights
- CN entered a conditional long-term lease agreement with PlasCred Circular Innovations Inc.
- The lease is for the proposed PlasCred Neos advanced recycling facility at CN’s Scotford Yard in Fort Saskatchewan, Alberta.
- The initial lease term is 15 years, with renewal options for up to 30 years of site control.
- The leased property is approximately 7.34 acres and includes a 35,000-square-foot building and a 200-car rail siding.
- The PlasCred Neos facility will process up to 100 tonnes of mixed plastic waste daily.
- It will convert waste into approximately 500 barrels per day of refined hydrocarbon condensate.
- The site provides direct access to CN’s rail network for efficient transportation of materials and products.
Price Impact
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