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Northstar Clean Technologies Inc V.ROOF

Alternate Symbol(s):  ROOOF

Northstar Clean Technologies Inc. is a Canada-based clean technology company. The Company is focused on sustainable recovery and reprocessing of asphalt shingles. The Company, through its wholly owned subsidiary Empower, has developed a design process technology, the Bitumen Extraction and Separation Technology (BEST), at its Empower Pilot Facility for taking discarded or defective single-use asphalt shingles, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and aggregate and fiber for use in construction products and other industrial applications. It plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at both its Empower Pilot Facility in Delta, British Columbia and its commercial scale-up facility in Calgary, Alberta.


TSXV:ROOF - Post by User

Post by Possibleidiot01on Jan 12, 2024 12:24pm
128 Views
Post# 35823825

IKO deal - % of plant utilization

IKO deal - % of plant utilizationCapacity between 30,000 - 40,000 tons - 10,000 tons expected according to this article/

In the News: IKO, Northstar ink 5-year shingle reprocessing agreement

 
Sustainable Biz Canada (January 11, 2024) - Northstar Clean Technologies (TSXV:ROOF, OTCQB:ROOOF) is featured in a new article from Sustainable Biz Canada in light of the Company's recent announcement of a five-year supply agreement with IKO Industries:
 
“We’re trying to explore what makes sense from a long-term perspective in terms of what can we incorporate into our operations and what’s the scope we can have in terms of repurposing those waste materials to reduce the amount of waste that’s going in landfills,” Derek Fee, a corporate communications manager at IKO, told Sustainable Biz Canada in an interview.
 
Northstar, based in Vancouver, breaks down asphalt shingles into liquid asphalt, fibre and aggregates for reuse and recycling, which produces fewer greenhouse gas emissions compared to regular asphalt production.
 
The agreement will allow for up to 10,000 tonnes of shingles per year to be diverted from landfills, Fee said.


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