Mr. Troy Lupul reports

PLASCRED APPOINTS NATHAN DIEBOLD AS VICE PRESIDENT, CONSTRUCTION & OPERATIONS

Nathan Diebold has joined Plascred Circular Innovations Inc. as vice-president, construction and operations.

Mr. Diebold brings nearly three decades of experience in industrial construction, maintenance, operations and business leadership across Canada's energy, forest products and heavy industrial sectors. His background includes major projects associated with CNRL Horizon, Firebag and Surmont, as well as large-scale pulp, paper and wood products facilities.

He began his career as an apprentice electrician and progressed through increasingly senior construction and operational leadership roles, ultimately leading the construction division of a major industrial contractor. In that role, he was responsible for operational performance, financial accountability, work force development, safety and the execution of industrial construction programs.

Complementing his extensive industry experience, Mr. Diebold has demonstrated a strong commitment to continuous learning and leadership development, earning his MBA, completing the Queen's Advanced Executive Program, and attaining numerous industry and professional certifications. Throughout his career, he has combined technical expertise with a passion for operational improvement and business transformation, driving enhancements in safety, efficiency, productivity and financial performance. Known for his collaborative leadership style and ability to build high-performing teams, Mr. Diebold brings a unique blend of strategic vision, business acumen and hands-on operational experience.

As vice-president, construction and operations, Mr. Diebold will lead construction planning, contractor co-ordination, commissioning, operational readiness and the transition from project development to operations as Plascred advances the proposed Neos facility and prepares for future Maximus facility development.

Mr. Diebold's appointment comes as Plascred advances its proposed Neos facility at CN's Scotford Yard in Fort Saskatchewan, Alta., where the company has a conditional long-term lease in place with CN. Neos is designed to process up to 100 tonnes per day of mixed, hard-to-recycle plastic waste into approximately 500 barrels per day of refined hydrocarbon condensate. All planned production from Neos is contracted under a five-year, fixed-price offtake agreement at $120 per barrel with a global commodities firm, and feedstock supply is anchored by an executed agreement with Circular Materials, the not-for-profit producer responsibility organization (PRO) financed by leading consumer brands, under which Plascred is paid to process postconsumer plastic waste collected in Alberta under a tolling arrangement.

Detailed engineering is under way with Grey Owl Engineering Ltd., and the company is advancing the regulatory and financing workstreams required to support a final investment decision and construction readiness.

"Nathan joins us at exactly the right stage," said Troy Lupul, president and chief executive officer of Plascred. "Neos is moving from engineering into execution, and that transition demands disciplined leadership. Nathan has spent his career building and running large industrial projects, and his focus on safety, cost control and operational readiness will be central as we prepare Neos for construction and first production."

"I am thrilled to be joining the Plascred team at such an exciting stage in the company's journey," said Mr. Diebold. "The team has already accomplished an incredible amount of work, and I look forward to helping carry that momentum forward as we work to make the Neos facility a reality. As a father, I take tremendous pride in the technology we are developing and the positive impact it can have for future generations. The opportunity to transform plastic waste into a valuable resource while contributing to a more sustainable future is both inspiring and deeply meaningful to me. I am excited to work alongside this talented team and our partners as we advance Plascred's vision and demonstrate what's possible through innovation and the circular economy."

About Plascred Circular Innovations Inc.

Plascred is an Alberta-based company developing an advanced plastic recycling facility. The company's engineered, modular platform converts mixed plastic waste into refined hydrocarbon condensate for use in virgin plastic production, petrochemical feedstock and upstream energy applications.

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