Northstar Clean Technologies Inc
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Northstar Clean Technologies Inc
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Northstar Clean Technologies Inc
Northstar Clean Technologies, Inc. provides asphalt shingles recycling services. The company is headquartered in Delta, British Columbia and currently employs 2 full-time employees. The company went IPO on 2021-07-13. The firm is focused on the recovery and repurposing of single-use asphalt shingles. The firm is a shingle material recovery provider in North America. The firm has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. The firm's assets include Empower Facility and Expansion Facility. Its Empower Facility asset is located at 7046 Brown Street in Delta, British Columbia, Canada.
Northstar Clean Technologies, Inc. provides asphalt shingles recycling services. The company is headquartered in Delta, British Columbia and currently employs 2 full-time employees. The company went IPO on 2021-07-13. The firm is focused on the recovery and repurposing of single-use asphalt shingles. The firm is a shingle material recovery provider in North America. The firm has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. The firm's assets include Empower Facility and Expansion Facility. Its Empower Facility asset is located at 7046 Brown Street in Delta, British Columbia, Canada.
Milestone Achieved: Northstar completed construction and commissioning of its Calgary facility, reaching the key target of 80 tonnes per day and triggering additional grant funding.
First Revenues Imminent: The company expects to generate its first product sales and revenue from the Calgary facility in December 2025.
Path to Profitability: Management outlined a plan to scale to 10 facilities, each expected to generate $10 million EBITDA, supporting a $1 billion company valuation.
Municipal Backing: Northstar secured a 5-year supply agreement with the City of Calgary, ensuring feedstock for its flagship plant.
Funding Progress: Raised $3.4 million through financing in the quarter and anticipates further non-dilutive government funding from grants and debenture conversions.
Expansion Pipeline: Permitting and funding applications are advancing for new sites in Hamilton and the US, with multiple facilities expected to be in progress by end of 2026.
Risk Lowering: Management stated the technology risk is now minimal, with the main challenge being the speed of rolling out additional plants.
