Progressive Planet Solutions Inc (TSX-V:PLAN) has reached an agreement with Recycle BC to secure a steady supply of post-consumer glass, the company announced,
The recycled glass will be used to make PozGlass 100G at the company’s pilot plant, which is set to begin construction this year and begin operations in 2024. PozGlass is a replacement for Portland cement and fly ash from coal plants, which are now used in concrete and release large amounts of CO2 in the manufacturing process.
The cement industry currently emits more than 8% of global CO2, and PozGlass is expected to dramatically reduce emissions by sequestering CO2 when mixed with Portland cement, the company said.
This is done when the recycled wastewater used in treating post-consumer glass is injected with stack emissions. The CO2 is captured in a sodium carbonate compound, meaning it is never released into the atmosphere.
"Our objective is to help the cement industry reduce its carbon footprint,” said Ian Grant, Progressive Planet’s chief operating officer. “We have developed PozGlass, here in British Columbia, to reduce the use of carbon emitting ingredients of cement and sequester CO2 stack emissions created in the cement manufacturing process."
Recycle BC is a not-for-profit organization responsible for residential packaging and paper product recycling throughout British Columbia, servicing over two million households or over 99% of BC through curbside, multi-family and/or depot services, the company said.
"In support of this project, Recycle BC is happy to approve Progressive Planet's pilot plant facility as an end market for our program's glass, assuming they meet and continue to adhere to Recycle BC's standards for end markets," said Sam Baker, Recycle BC’s Western Canada director.
By manufacturing PozGlass at its Kamloops pilot plant, Progressive Planet will also be able to reduce the current carbon footprint of its own operations, which create CleanTech products for agriculture, soil regeneration and animal care.
"Progressive Planet operates one of the largest, natural gas fired, industrial mineral dryers in Canada," Grant added. "By receiving this steady and reliable supply of recycled glass from Recycle BC, to make PozGlass at our Kamloops headquarters, Progressive Planet will also now be able to sequester CO2 it currently emits, meaning we will contribute to British Columbia's and Canada's GHG reduction targets and improve the carbon footprint of our home.”
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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