Northstar Clean Technologies (TSXV:ROOF) (OTCQB:ROOOF) is a Vancouver-based clean tech company focused on the recovery and repurposing of single-use asphalt shingles.
On February 17, Northstar initiated steady-state production at Empire Facility, its fully-built shingle reprocessing plant in Delta, British Columbia, to process discarded single-use asphalt shingles into asphalt liquid, fibers and aggregates. These products can thus re-enter the economy instead of being sent to landfill. The company currently produces “green asphalt” to the design specifications of the Empower facility.
“We are thrilled to have finally entered this critical stage of our Company’s development. Critically, this technology is the foundation for our ongoing independent engineering design study for our future scale up facilities,” said Northstar Clean Technologies President and CEO Aidan Mills.
“Our objective is to maximize the applicability of what we believe is the “greenest” asphalt in North America. In delivering this, we will be in the unique position where our reprocessing of asphalt shingles could not only divert approximately 40,000 tonnes of shingles per annum per facility currently sent to landfill, but these products can be applied in numerous markets. We believe we now have a sustainable, proven solution that can help solve North America’s asphalt waste problem,” he added.
Northstar has launched a steady-state production plan which is expected to deliver asphalt shingle throughput of 10-20 tonnes per day up to 4-5 days per week. The two main output products (liquid asphalt and aggregate) precisely meets the company’s end product specification objectives. The production of specification products has enabled the company to deliver samples of its “green asphalt” and aggregates to several industry partners and potential customers for detailed technical analysis.
Since October 2021, Northstar has been implementing the changes identified by the unit-by-unit commissioning of the company’s proprietary BEST process. This commissioning process, combined with the steady-state production ramp-up, provided a clear roadmap for targeted commercial production levels at 50-75 tpd.
Northstar is hosting site visits for industry stakeholders, investors, media and government agencies at the Empower facility in February and March 2022 to showcase its operating process and technology.
Trading on the OTCQB, New CSO
Northstar Clean Technologies’ (TSXV:ROOF) (OTCQB:ROOOF) common shares started trading on the OTCQB Venture Market in the United States under the symbol “ROOOF” on January 11. In addition, the company’s common stock received eligibility for book-entry registration and depository services with the Depository Trust Company (DTC). This will facilitate electronic clearing and settlement of transfers in the United States. Northstar will continue to trade on the TSX Venture Exchange under the symbol “ROOF”.
Northstar President and CEO Aidan Mills said that the OTCQB listing, along with DTC eligibility, should help broaden the company’s exposure to US-based investors and improve trading liquidity for its US-based shareholders.
On February 8, Northstar appointed Ms. Kellie Johnston as the company’s Chief Sustainability Officer (CSO) and corporate counsel.
As Chief Sustainability Officer, Ms. Johnston will be responsible for the development and execution of Northstar’s sustainability strategy, as well as internal and external engagement and reporting. As Northstar’s general counsel, she will lead the company’s legal program.
Ms. Johnston has extensive experience as a senior environmental, social and governance (ESG) practitioner. She has a strong passion for ESG and the sustainability industry, and this dedication is accurately reflected in her in-depth knowledge of these sectors. Ms. Johnston brings with her a strategic understanding and experience of global sustainability issues with deep expertise in leadership, risk identification and mitigation, and strategy implementation.
Ms. Johnston said she will help shape Northstar’s commitment to the following key priorities: (i) integrating sustainability objectives, (ii) environment, social and governance processes, and (iii) ESG disclosure strategies.
