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Progressive Planet Solutions Inc.
The group, an emerging leader in reducing the carbon footprint of cement products using natural pozzolans, said the sale of this non-core asset is the final step in focusing it on developing its portfolio of assets in the Kamloops area of British Columbia BC.
The company said it intends to use the funds from this sale to purchase larger equipment for its Comminution Plant in Spallumcheen, BC, which in turn will support revenue growth. The comminution plant finished commissioning in late August and is producing and shipping product on an ongoing basis.
The plant currently has a backlog of orders from customers. Progressive Planet is an emerging leader in reducing the carbon footprint of cement products using natural pozzolans to replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the options deals global generator of CO2 emissions.
All three properties and the Comminution Plant are all within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.