IKOHas to be a cost savings over landfill which proves some of the economic argument for Northstar.
I wonder how much feedstock this provides for the plant? Until we know , hard to tell how important this is.
As far as whether works the process works , would IKO divert the rejects just to save money? or more likely should we accept the technology works and they save money?
Would be better if this included a repurchase of the ingredients, but they have an existing agreement
Northstar Announces Execution of Definitive Offtake Agreement with Colas Canada's Subsidiary Mcasphalt Industries for 100% of Liquid Asphalt Production from Empower Calgary Facility
Highlights
- Follows binding term sheet outlining initial five-year term for exclusive sale of 100% of liquid asphalt production from the Empower Calgary Facility