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CNIBullishCorporate Developmentsnews

High materiality7/10

CN secures Scotford Yard lease to advance PlasCred Neos recycling plant

Jun 25, 2026, 3:04 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Long-term lease and rail-access agreement suggest higher utilization of CN’s network and potential revenue growth from a secured industrial project, supporting a positive view on CN's asset utilization even as near-term specifics are not yet monetized.

AI summary

What happened, with direct paths to the underlying reporting

PlasCred secures a conditional long-term lease with CN for the Scotford Yard, enabling its Neos recycling project to advance. The facility would process up to 100 tonnes per day of mixed plastics and produce about 500 barrels per day of refined hydrocarbon condensate, with CN’s rail network underpinning inbound bales and outbound products and future expansion.

PlasCred signs conditional long-term CN lease for Scotford Yard.
Initial 15-year lease with renewal options up to 30.
Site covers 7.34 acres, 35,000 sq ft building, 200-car rail siding.
Neos to process 100 t/day plastics; about 500 bbl/day condensate.
CN access enables inbound waste bales and outbound finished products.

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