Northstar Reports Q1 2022 Financial Results And Virtual Investor Webcast!
Northstar Clean Technologies Inc. is a Vancouver-based clean technology company focused on the bearable recovery and reprocessing of asphalt shingles.
Northstar Reports First Quarter 2022 Financial Results And Investor Webcast Details!!
Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already overcrowded landfills, and taking out the liquid asphalt, aggregate, and fiber for usage in new hot blend asphalt, formation commodities, and supplementary industrial applications.
Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back to its three primary components for reuse/resale at its Empower Pilot Facility in Delta, a Canadian province.
As an emerging innovator in endurable processing, Northstar’s mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America, taking out the recovered components from asphalt shingles that may rather be sent to landfills.
Mr. Aidan Mills, Chairman, and CEO of Northstar, said, “The first quarter was pivotal to Northstar because it demonstrates that the corporate has the potential to produce the steps necessary for a successful ESG company: 1) operational technology; 2) flexibility to scale that technology; and 3) a transparent go-to-market strategy.”
“Achieving steady-state output and thus delivering specification commodities to the Empowerment Pilot Facility in Delta B.C. clearly indicating Phase 1. These products are precisely tested by the style of potential customers within the company’s target market sectors, and we still believe that liquid asphalt produced by Northstar is suitable for paving, shingle manufacturing, and roofing system (“flat roof”) manufacturing.
Along with customer testing, we’ve added in-house testing and independent third-party testing to our capabilities,” said Mills.
Strict control procedures are now in place for the soft point, penetration, and flash point specifications, which are essential required by our customers and have become an integral part of our steady-state manufacturing processes. Steady-state manufacturing and customer feedback have helped us identify areas for plant improvement – including for the Empower pilot facility in Delta, BC.
And incorporated into the subsequent detailed design phase of the Calgary proportion Facility (“Calgary Empowerment Facility”). “FEED” for our Empower Calgary facility means we are on a seamless path to Phase 2. The FEED design outlines an estimated total cost of $11.75 million for the Calgary facility. Empower, where direct and indirect costs are $9.75 million, plus other costs provides $2.0.
The recently published lifecycle analysis, supported by FEED design, seeks to demonstrate that the Empower Calgary facility has 60% lower carbon emissions than would be the case with sending shingles to the underside landfill, and replacing the asphalt component with primary production,” said Mills.
Yet, our project’s reported conservations included $7.6 million in estimated annual revenue per install and $4.9 million in estimated annual lucre margin. Per install and $4.0 million potential annual EBITDA recently exceeded $1,000 per ton, sustainability or “green” premium, operating performance, carbon credit revenue, revenue limited royalty collection and operating assumptions Premium products demanded by customers and generated strong economic returns concluded Mr. Mills.
Based on these results, the company believes that its technology, as demonstrated by steady-state production in Empower’s pilot plant, is commercially viable and contains a strong impact on the environment.