Soleno is a Canadian cleantech leader operating in New Brunswick that develops sustainable solutions for storm water management and is always looking for new opportunities to innovate. Recently, Soleno has acquired Plastiques VPC, a start-up specializing in the recycling of oil-contaminated plastics. This is a key industry to tackle climate change which makes the acquisition even more important. It will also position the province of New Brunswick advantageously in the recycling industry and demonstrate its leadership to combat climate change.
Circular economy at its bestThe pandemic has highlighted Canada’s heavy dependence on foreign supply, in many sectors, plastic supply being no exception. It is with this idea in mind that Soleno wants to develop innovative projects based on circular economy which has been the core of all their practices for many years. In addition to offering sustainable solutions for companies needing to dispose of their contaminated plastics and hazardous products, Soleno will give a second life to these materials by integrating them into the manufacturing process of high-density polyethylene pipes for storm water management.
Present Across Eastern CanadaAnnually, in Quebec and the Antlantic Provinces, more than 3.5 million kg of oil and antifreeze containers can be recycled. By acquiring Plastiques VPC, Soleno will be the only company in Eastern Canada able to recover materials from these territories in a fully integrated manner, while ensuring exemplary traceability from the beginning to the end of their life cycles. Thanks to this
new acquisition, Soleno will now be able to serve waste management and hazardous products management companies, mechanical service retailers, hardware stores, and agricultural businesses.