Progressive Planet finalises purchase agreement with Lafarge Canada
Published by Sol Klappholz,
Assistant Editor
World Cement,
Progressive Planet, a leader in developing CleanTech solutions for the planet, signs a purchase agreement with Lafarge Canada Inc. agreeing to purchase all the PozGlass™ 100G produced by the company’s pilot plant up to a maximum of 3500 tpy.
The purchase agreement follows the non-binding MOU with Lafarge announced March 13, 2023, and allows Progressive Planet to now focus on proving the patent-pending PozGlass technology as a bolt-on solution for existing cement plants in North America and around the globe.
“The purchase agreement is an enormous accomplishment,” says Progressive Planet VP of Strategy and Investor Relations Ian Grant. “It positions us for global licensing and royalties, which will be an important revenue driver for our company.”
Added Grant: “Glass has virtually the same chemical composition worldwide, which lends itself to rapid scalability for cement manufacturers utilising PozGlass technology.”
The Kamloops-based pilot plant, the final step to validate this technology, begins construction in 2023 and will be operational in 2024. Lafarge provides technical guidance and support to Progressive Planet in advancing the proprietary PozGlass technology through design, construction, and operation of the pilot plant.
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Read the article online at: https://www.worldcement.com/the-americas/30062023/progressive-planet-finalises-purchase-agreement-with-lafarge-canada/
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