Sustane Technologies and Pyrovac Inc. have entered into a long-term, strategic alliance that grants Sustane exclusive access to Pyrovac鈥檚 advanced reactor and related technology for waste plastic processing. The agreement marks a major milestone in scaling circular economy solutions in Canada and internationally.
The initial phase of the agreement includes a contract valued at over $7 million for a two-reactor upgrade and expansion at Sustane鈥檚 Chester, Nova Scotia facility. More significantly, the deal includes exclusive rights to Pyrovac鈥檚 proprietary technology for plastic feedstock, based on a compelling mutual growth model.
鈥淭his inter-provincial partnership is significant on several levels. We鈥檙e combining cutting-edge, made-in-Canada technology with 30 years of world-class research and innovation to materially reduce waste plastic and create real economic value. Pyrovac鈥檚 deep scientific credibility and process engineering excellence make them the ideal long-term collaborator as together we expand our footprint nationally and ultimately globally,鈥� commented Peter Vinall, CEO of Sustane Technologies.
Pyrovac, based in Quebec, has spent decades developing thermal decomposition technologies that transform industrial and forestry wastes into high-value outputs. This agreement represents the first commercial deployment of Pyrovac鈥檚 technology – within Sustane鈥檚 circular plastic process.
鈥淲e鈥檙e proud to align with Sustane, it is a company that not only shares our vision for a sustainable future but also has the operational readiness and scale to advance Pyrovac鈥檚 technology domestically and also internationally.鈥� stated Christian Roy, Founder and President of Pyrovac Inc. 鈥淭ogether, we鈥檙e building a foundation for a new kind of materials economy.鈥�