Northstar receives delivery of asphalt shingles from IKO Industries
by CM Staff
The Company will be paid a tipping fee by IKO on a per tonne basis for the waste shingles, thus representing the Company's first revenue from the Empower Calgary Facility.
IKO Delivery 2 (CNW Group/Northstar Clean Technologies Inc.)
VANCOUVER and CALGARY — Northstar Clean Technologies Inc. announces that it has received the first delivery of manufacturing waste shingles to its planned asphalt shingle reprocessing facility in Calgary, Alberta (the Empower Calgary Facility), as part of the five-year supply agreement with IKO Industries Ltd., an asphalt shingle manufacturer.
The Company will be paid a tipping fee by IKO on a per tonne basis for the waste shingles, thus representing the Company’s first revenue from the Empower Calgary Facility.
This first delivery from IKO is part of Northstar’s broader 2024 shingle collection plan. Northstar will continue to work with other shingle supply partners to collect sufficient volume for the commissioning of the Empower Calgary Facility.
Mr. Aidan Mills, President & CEO and Director of Northstar, stated, “This feedstock delivery, the first of the year and the first of the five-year agreement with IKO, is significant because it represents the first revenue for our Empower Calgary Facility. We expect to continue receiving shingles from IKO and other Calgary area shingle supply sources as we gradually build up inventory for commissioning and future processing for the Empower Calgary Facility.”
