Latest news with #circulareconomy
Yahoo
21 hours ago
- Business
- Yahoo
Circ, Sanyou partner to scale recycled cellulosic fibre in China
Under this agreement, Sanyou will procure pulp from Circ's inaugural commercial-scale plant for five years with operations anticipated to begin in 2028. Located in Saint-Avold, France, the $500m facility will be capable of recycling up to 70,000 metric tonnes (mt) of textile waste per year. It will have the capability to process substantial quantities of mixed-fibre textiles, including common poly-cotton blends that represent a large fraction of global textile waste. The joint effort between the two companies will lead to the manufacture of Lyocell staple fibres with 30% recycled content, thereby enhancing the availability and growth of recycled fibres within the industry. Circ CEO Peter Majeranowski said: 'As one of the leading global MMCF producers, Sanyou's commitment to Circ demonstrates both the quality of our product and the future of the industry. 'Core to Circ — from our technology and products to our partnerships and business strategies — is creating forward momentum towards a truly circular economy in the global fashion industry, and strategic partnerships such as with Sanyou are crucial for the realisation of this goal.' The partnership underscores the importance of collaborative efforts for effectively scaling textile recycling technologies, said Circ. Sanyou's commitment also ensures that its clientele has access to Circ Lyocell amid increasing demand for sustainable products and as brands seek to diversify their supply chains. Circ's Lyocell, created from textile waste through a closed-loop process, are designed to meet or surpass virgin, tree-based lyocell and is ready for direct integration into textile production. Sanyou deputy general manager Zhang Dongbin said: 'Both Sanyou and Circ are dedicated in their commitment to fostering sustainable practices that reduce the environmental impact of the fashion industry. This strategic partnership will establish new benchmarks in the textile industry thanks to our shared vision for a sustainable future and circular economy.' Earlier this month, Circ announced its collaboration with European retailer Zalando to introduce the first items from Zalando's private label Anna Field made with Circ Lyocell. "Circ, Sanyou partner to scale recycled cellulosic fibre in China" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
21 hours ago
- Business
- Globe and Mail
PlasCred Awarded $5 Million Grant from Emissions Reduction Alberta to Advance Neos Facility
Calgary, Alberta--(Newsfile Corp. - July 23, 2025) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) (the " Company" or " PlasCred"), an Alberta-based clean technology company focused on advanced plastic recycling, is pleased to announce it has been awarded $5 million in non-dilutive funding from the Alberta government through Emissions Reduction Alberta (" ERA") to support the development of its first commercial-scale facility, Neos. PlasCred has already demonstrated proof-of-concept success with patent-pending Primus, its pilot-scale unit, which has been operational since May 2023. Primus has served as a foundational testing platform, validating the conversion of waste plastics into high-value Renewable Green Condensate™, a low sulphur, low carbon circular naphtha used as feedstock for the production of virgin plastic (" Condensate"). " By investing in advanced materials and circular economy solutions, we're helping Alberta's industries stay competitive, create jobs, and reduce emissions. This funding supports technologies that make better use of our resources while cutting costs. It's a win for both the economy and the environment." said Justin Riemer, CEO, Emissions Reduction Alberta With the Alberta government's support through ERA, PlasCred is advancing from pilot validation to commercial deployment, building on the technical and operational insights gained from its Primus facility to begin construction of the Neos facility and ensure a smooth transition to full-scale operations. " The Alberta government and ERA's support marks a critical milestone for PlasCred as we transition to commercial deployment," said Troy Lupul, President & CEO of PlasCred. "With this funding, we can move forward on construction, attract additional project capital, and demonstrate the role Alberta-based innovation can play in scaling circular solutions for hard-to-recycle plastics." Strategic Scalability in Alberta's Industrial Heartland PlasCred's entire scalability strategy is anchored at CN Rail's Scotford Yard in Fort Saskatchewan, inside Alberta's Industrial Heartland Canada's pre-eminent hydrocarbon-processing corridor. The permitted yard offers enclosed industrial buildings, a 200-car siding, existing utilities, and direct Class I rail connectivity. This combination delivers reliable inbound feedstock logistics and seamless outbound product shipment while giving PlasCred access to a highly skilled process-operations workforce and a business-friendly regulatory environment. Neos and the follow-on Maximus complex will be co-located at Scotford, capturing shared infrastructure and operating synergies. The Neos facility will initially process 100 tonnes (metric) of post-consumer plastic waste per day converting it into approximately 500 barrels per day of condensate. Once operational, the Neos facility is expected to divert 36,500 tonnes of plastic waste annually and reduce greenhouse gas emissions by an estimated 51,000 tonnes of CO₂e per year. The design incorporates PlasCred's proprietary dual catalytic pyrolysis technology. This approach minimizes energy consumption, improves safety, and enables the efficient conversion of mixed and contaminated plastics, including PVC and PET. Unlike incineration or waste-to-energy approaches, PlasCred's process produces a circular petrochemical feedstock that can be reused in the production of new, food-grade plastics. The system has been validated through over two years of continuous operation at the Primus pilot facility in Calgary. The Neos facility is forecasted to generate approximately $19 million in annual revenue and $6.9 million in EBITDA, based on management assumptions regarding feedstock cost, uptime, and offtake pricing. Neos has an estimated capital cost of $25 million, with construction targeted to begin later this year, subject to final project financing and permitting. Based on internal forecasts and current engineering assumptions, the project is expected to deliver an internal rate of return (IRR) of approximately 22.8% and a payback period of 4.3 years. These forward-looking estimates are based on internal models and subject to risks including construction timing, input costs, operations, and market conditions. The projected economics remain strong even without accounting for potential upside from plastic credit monetization or byproduct sales. PlasCred has executed a definitive five-year offtake agreement with a global commodities company (" GCC") for 100 percent of Neos production at a fixed price of $120.00 CAD per barrel, inclusive of freight terms. The agreement also includes a right of first refusal (" ROFR") on future volumes from PlasCred's next phase facility, Maximus. This offtake structure ensures predictable revenue and underpins long term capital planning. Neos will integrate Palantir Foundry, an industrial data platform from Palantir Technologies to capture real-time data on feedstock, facility performance and product quality; generate auditable life-cycle assessments (LCA) that verify every tonne of waste plastic is converted into new plastic and support Extended Producer Responsibility (EPR) compliance; track plastic-credit issuance, greenhouse-gas (GHG) emissions, and logistics for both inbound feedstock and outbound product; and fuse all inputs into a digital twin that delivers 360-degree operational visibility and AI-driven optimisation across PlasCred's entire business. The proposed Maximus facility is engineered to launch at 400 metric tonnes per day, approximately 2,000 barrels per day, and scale up to 2,000 tonnes per day, or 10,000 barrels per day condensate, through modular expansion. This co-location approach leverages existing enclosed infrastructure, CN integrated rail logistics, and shared site services, offering significant cost and execution advantages while anchoring Alberta as a hub for scalable, low carbon plastic circularity. PlasCred is well positioned for sustainable, long-term growth through a combination of strategic site selection, integrated logistics, and secured revenue from industry partnerships. Its co-located infrastructure at CN's Scotford Yard enables scalable deployment while minimizing execution risk. With support from the Alberta government through ERA, PlasCred is accelerating to commercial operations at Neos. This milestone highlights the strength of Alberta-developed technology and reinforces the province's leadership in advancing circular economy infrastructure. Neos represents a significant step forward in scaling clean, plastics-to-plastics innovation rooted in Alberta's industrial and innovation ecosystem. About PlasCred Circular Innovations Inc. PlasCred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing towards a climate-positive future, PlasCred aspires to be among the largest advanced plastic waste recyclers in North America and globally. Their groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and advanced recycling. PlasCred also has strategic partnerships with CN Rail, Palantir Technologies Inc., the Government of Alberta, Fibreco Export Inc., and a Global Commodities Company. These collaborations provide PlasCred with world-class logistics, advanced operational intelligence, and stable long-term revenue, supporting its leadership in the global circular plastics economy. For further information on PlasCred, visit our website at ON BEHALF OF THE BOARD Troy Lupul - President & CEO Forward-looking Statements Forward-looking statements in this release include, but are not limited to: the timing and cost of constructing the Neos facility; projected operating performance, revenues, EBITDA, internal rate of return and payback period; expected greenhouse-gas reductions; the availability of financing, feedstock and regulatory approvals; and the Company's broader commercialization and expansion plans. Such statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, without limitation: construction and commissioning risks, cost overruns, supply-chain disruptions, operational performance at scale, feedstock pricing and availability, changes in commodity prices, regulatory or permitting delays, counter-party risk under offtake or financing agreements, and general economic conditions. A discussion of these and other factors that may affect future results is contained in the Company's continuous disclosure filings available under its profile on SEDAR+ at Forward-looking statements are not guarantees of future performance and readers should not place undue reliance on them. Except as required by applicable securities laws, the Company undertakes no obligation to revise or update any forward-looking statements to reflect new events or circumstances.
Zawya
2 days ago
- Business
- Zawya
National roadmap to drive Oman's circular economy transition
Muscat – Oman has begun preparing a national roadmap for the circular economy, marking a key step in aligning its economic model with sustainability goals and low-carbon development. Ministry of Economy hosted the second workshop of the Circular Economy Gap Calculation Project on Monday to review initial results and consult stakeholders on the proposed strategy. The roadmap aims to serve as a guiding framework for policy integration and resource management in the coming decades. The project also seeks to define a baseline for measuring the circular economy gap and comparing Oman's performance with international benchmarks. It will assess how far the country is from adopting a circular model and provide tools to measure the environmental and economic impacts of new policies, including the creation of green jobs. H E Dr Nasser bin Rashid al Maawali, Undersecretary in Ministry of Economy, said the initiative is the first of its kind in the Middle East and North Africa. 'This national project will support sustainable, low-carbon development and create investment opportunities in renewable energy and the green economy.' Ahmed bin Saeed al Siyabi, Director General of Economic Policies and Programmes at the ministry, said the workshop was designed to discuss early findings and showcase models for measuring the outcomes of circular economy strategies. He also highlighted training programmes and a proposed digital platform that will display project data and outcomes. During the session, participants reviewed preliminary models and scenarios focused on the environmental and labour-market impacts of implementing circular economy practices. Group discussions were held to evaluate sector-specific strategies and refine the roadmap's policy recommendations. The workshop was part of wider consultations with government entities, the private sector, academic institutions and civil society. The ministry is working with Oman Environmental Services Holding Company (be'ah) and the Circle Economy Foundation to implement the project. The project reflects Oman's broader ambition to shift away from traditional linear consumption patterns and meet its carbon neutrality target by 2050. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Yahoo
5 days ago
- Business
- Yahoo
Agilyx to purchase 44% stake in plastic recycling entity GreenDot Global
Agilyx has signed a binding agreement to acquire a 44% stake in GreenDot Global, a European waste plastic recycling entity. The deal values GreenDot at a post-money enterprise value of €197m ($228.9m). Agilyx will invest €52m for its 44% stake, which comprises around €32m in newly issued shares and approximately €20m in cash through a combination of primary and secondary share purchases. The transaction is being fully financed by existing investors through a €20m subordinated loan facility. This acquisition aims to bolster Agilyx's operations in Europe, creating a platform for sourcing and supplying feedstock to the recycling industry. Agilyx CEO Ranjeet Bhatia said: "GreenDot is the recognised industry leader in Europe, has tremendous momentum in the fast-developing advanced recycling market, and is a great complement to Agilyx's existing activities." GreenDot is claimed to be the largest circular plastic recycling platform in Europe and the third-largest recycling company in Germany. Operating in 29 countries, it processes more than one million tonnes of packaging waste annually, including over 400,000 tons of plastic. GreenDot is currently enhancing its advanced recycling capabilities by investing in sorting facilities in Austria and Italy. Projections for 2025 suggest that GreenDot's operations could generate approximately €400m in total sales, alongside double-digit earnings before interest, taxes, depreciation, and amortisation. GreenDot CEO Laurent Auguste said: 'Agilyx's investment and the business synergies we will develop between two market leaders across the Atlantic will strengthen our ability to act as a preferred partner of brands and actors in the plastic packaging value chain.' The deal's closing is anticipated in the third quarter (Q3) of this year, pending customary conditions such as regulatory approval under German foreign direct investment laws, lender consent for a change of control at GreenDot, and Agilyx shareholder approval for the issuance of new shares. Additionally, Tor Svelland will resign from Agilyx's nomination committee, with Tom Lileng proposed as his successor. Last month, Agilyx signed a memorandum of understanding with DerGrunePunkt to enhance the procurement of waste polystyrene feedstock for advanced recycling. "Agilyx to purchase 44% stake in plastic recycling entity GreenDot Global" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Science
- Yahoo
How technology is transforming packaging waste recycling
Packaging waste is one of the fastest-growing environmental challenges worldwide. As consumption rises and e-commerce expands, so does the volume of packaging discarded daily. Effective packaging waste management technologies have become essential for reducing environmental harm, conserving resources, and supporting a circular economy. This article explores key innovations and approaches shaping the future of packaging waste management, helping readers understand how technology is transforming the way packaging waste is collected, processed, and reused. Innovative sorting and recycling systems One of the biggest hurdles in managing packaging waste is the complexity of materials involved. Packaging often combines paper, plastics, metals, and adhesives, making separation difficult. Advanced sorting technologies are critical in overcoming this challenge. Modern recycling centres increasingly employ automated sorting systems that use optical scanners, near-infrared (NIR) sensors, and artificial intelligence to identify and separate different types of packaging waste with remarkable accuracy. These technologies can distinguish between various plastics such as PET, HDPE, and polypropylene, and separate materials that were previously impossible to sort efficiently. Robotic arms equipped with machine learning algorithms further enhance sorting lines by recognising packaging shapes and materials, allowing for faster processing and higher purity of recycled materials. This not only improves recycling rates but also reduces contamination that can lower the quality of recycled products. Moreover, chemical recycling methods are gaining traction. Unlike traditional mechanical recycling, chemical recycling breaks down plastics to their molecular building blocks, enabling the production of new packaging materials with properties similar to virgin plastics. This technology can process mixed or contaminated packaging waste that is unsuitable for conventional recycling, broadening the range of waste that can be reclaimed. Biodegradable and compostable packaging solutions As awareness of the environmental impact of packaging waste grows, the development of biodegradable and compostable packaging has accelerated. These innovative materials are designed to break down naturally after use, reducing the burden on waste management systems. Biodegradable packaging is typically made from natural polymers such as starch, cellulose, or polylactic acid (PLA), which decompose under specific conditions. Compostable packaging goes a step further by breaking down completely into non-toxic substances in industrial composting facilities. While these materials offer promising alternatives to conventional plastics, their environmental benefits depend heavily on proper waste collection and disposal infrastructure. If biodegradable packaging ends up in landfill or littered environments, degradation may be slow or incomplete, negating intended advantages. Technologies supporting compostable packaging include smart labelling systems that inform consumers and waste handlers about the correct disposal routes. Digital markers and QR codes can indicate whether packaging is compostable, recyclable, or needs special treatment. This helps reduce contamination in recycling streams and ensures compostable waste reaches suitable facilities. The integration of biodegradable materials into packaging waste management systems highlights a growing trend towards designing packaging that fits seamlessly into circular waste processes, reducing landfill reliance. Waste-to-energy and circular economy integration Waste-to-energy (WTE) technologies offer a practical solution for managing packaging waste that cannot be recycled or composted. These systems convert waste materials into usable energy, such as electricity or heat, through processes like incineration, pyrolysis, and gasification. Modern WTE plants are designed to minimise harmful emissions and maximise energy recovery, providing a sustainable alternative to landfill disposal. By extracting value from residual packaging waste, these technologies reduce the volume of waste sent to landfill and support energy demands, especially in urban areas. At the same time, many companies and municipalities are embedding packaging waste management within broader circular economy frameworks. The circular economy aims to keep resources in use for as long as possible by designing products and packaging with reuse, repair, and recycling in mind. Digital tracking technologies, such as blockchain and IoT sensors, are being used to improve traceability and transparency throughout packaging supply chains. This ensures packaging waste is properly collected, sorted, and reintegrated into production cycles. Extended Producer Responsibility (EPR) schemes are also playing a key role by requiring manufacturers to take financial or physical responsibility for the end-of-life management of their packaging. This incentivises the design of packaging that is easier to recycle and encourages investment in waste management technologies. Combining waste-to-energy with circular economy principles creates a multi-layered approach that reduces environmental impact, conserves raw materials, and supports sustainable packaging futures. Ultimately, future of packaging waste management lies in a combination of advanced sorting and recycling technologies, innovative biodegradable materials, and integrated waste-to-energy systems within circular economy frameworks. Together, these developments promise to make packaging waste less of a burden on the environment, turning a critical challenge into an opportunity for sustainable innovation. "How technology is transforming packaging waste recycling" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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