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 |
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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. |