PlasCred Circular Innovations Inc. (CSE:PLAS) (FSE: XV2) today announced it has entered into a conditional long-term lease agreement with Canadian National Railway Company (CN) for the site of the proposed Plascred Neos project, an advanced recycling facility at CN’s Scotford Yard in Fort Saskatchewan, Alberta.

The term of the lease agreement is subject to certain conditions being met before the current effective date of August 1, 2026. Once in effect, the agreement will provide PlasCred with an initial 15-year lease term, with options for renewal securing up to 30 years of site control within Alberta’s Industrial Heartland.

The leased property comprises approximately 7.34 acres and includes a 35,000-square-foot industrial building and an existing 200-car rail siding. The site will support receipt and storage of mixed plastic waste bales, advanced recycling operations, condensate storage, and direct rail access for shipment of finished products.