Northstar Clean Technologies Inc. announced last Thursday that it had received the first delivery of manufacturing waste shingles to its asphalt shingle reprocessing facility in Calgary, Alberta, Canada, as part of the five-year supply agreement with IKO Industries Ltd.
In a Jan. 18 news release, Northstar said it would be paid a “tipping fee” by IKO on a per-ton basis for the waste shingles, marking its first revenue from the Empower Calgary Facility.
The first delivery from IKO is part of Northstar's broader 2024 shingle collection plan to work with other shingle supply partners to collect sufficient volume for the commissioning of the Empower Calgary Facility.
“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,” said Aidan Mills, president, CEO, and director of Northstar.
“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," Mills added.
For more information, visit northstarcleantech.com.