• Lafarge to purchase all PozGlass™ 100G produced at pilot plant for testing

 

KAMLOOPS, BRITISH COLUMBIA – March 13, 2023 – Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (“Progressive Planet”, “PLAN”, or the “Company”) is proud to announce a ten-year offtake and innovation agreement with Lafarge Canada Inc. (“Lafarge”), Canada’s largest cement producer, to supply a CleanTech solution expected to decrease the carbon footprint of cement.

Lafarge will test the commercial possibilities of PozGlass™ 100G (“PozGlass”), the Progressive Planet innovation made of 100 per cent recycled consumer glass. It is designed to replace many of the carbon-intensive ingredients used in cement — and sequester CO2 emissions created during cement production.

Under the non-binding MOU, Lafarge and Progressive Planet will enter into an offtake agreement that will see Lafarge purchase all the PozGlass produced by Progressive Planet’s pilot plant, based in Kamloops, BC. The pilot plant is expected to begin construction in 2023 and be operational in 2024.

In addition, Lafarge will be Progressive Planet’s exclusive cement industry partner in testing and implementing PozGlass into cement products. Both companies will also identify opportunities to expand the PozGlass technology.

“Lafarge is at the forefront of green building solutions and the potential CO2 reductions from PozGlass are very promising,” says Brad Kohl, President and CEO of Lafarge Western Canada. “We are excited to provide technical guidance and support to Progressive Planet as they move through design, construction and operation of their Pilot Plant to show PozGlass can meet industry performance expectations and be produced at industrial scale.”

On March 9, 2023, Progressive Planet announced it is building a 12-tonne per day pilot plant to produce PozGlass and sequester emissions generated from its Kamloops operations. The value proposition to the environment is that replacing a percentage of Portland cement with equivalent amounts of PozGlass reduces the carbon footprint of cement. Progressive Planet has hired Brightspot Climate Inc., a leading Canadian greenhouse gas emissions consulting firm, to measure the carbon footprint of PozGlass using data gathered from the pilot plant.

“We are delighted Lafarge, our partner of choice and a global leader in sustainable construction, will be working with us to help prove the effectiveness of PozGlass,” said Progressive Planet CEO Steve Harpur. “Our strategy is focused on product development and licensing of our solutions, and there is no better partner to work with than Lafarge to take this to commercial markets and help the world fight climate change and get to a Net Zero future.”

 

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

 

Disclaimer:

This news release, required by Canadian laws, does not constitute an offer of securities and is not for distribution or dissemination outside Canada.