VANCOUVER, BC, May 30, 2023
/CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB:
ROOOF) ("Northstar" or the "Company") is pleased to announce the
completion of certain milestones required to commence detailed
engineering for its planned asphalt shingle reprocessing scale-up
facility in Calgary, Alberta (the
"Empower Calgary Facility").
Mr. Aidan Mills, President &
CEO and Director of Northstar, stated, "We are now set to move into
detailed engineering for the Empower Calgary Facility. The
production de-risking completed at our pilot facility in
Delta, British Columbia (the
"Empower Pilot Facility") has allowed us to identify opportunities
for increased efficiencies, implement them and test in parallel; to
complete vendor testing and verify production specification for
asphalt; and to support McAsphalt in its blending and mixing
studies to ensure our products can effectively enter McAsphalt's
product portfolio."
McAsphalt Industries Inc. ("McAsphalt"), the Company's liquid
asphalt off-take partner for the Empower Calgary Facility,
continues to work with the Company to fully incorporate their
expertise in storage, blending and load out facilities into the
overall Facility detailed engineering.
The Company also identified opportunities for increased
efficiencies during the operation of the Empower Pilot Facility in
2022. Using the leading R&D company Coanda, a subsidiary of
Tectra Tech, a high-end global consulting and engineering firm, the
Company has now completed the redesign to address the
inefficiencies identified. The Company will now incorporate this
redesign into the detailed engineering for the Empower Calgary
Facility. In parallel, the Company will construct process equipment
at the Empower Pilot Facility to determine the optimal operating
parameters for the redesigned facilities. In line with the
production de-risking already carried out at Delta, this will enable full operating
conditions to be determined ahead of the commencement of operation
at the Empower Calgary Facility.
Major equipment vendor design tests have also been successfully
completed, with equipment now ready to complete the detailed design
phase. This included final design testing of a major piece of
equipment, with the test results verified by a number of major
domestic and international asphalt shingle and flat roofing
manufacturers previously mentioned in the Company's press release
dated March 8, 2023.
About Northstar
Northstar Clean Technologies Inc. is a Canadian-based clean
technology company focused on the sustainable recovery and
reprocessing of asphalt shingles. Northstar has developed a
proprietary design process for taking discarded asphalt shingles,
otherwise destined for already over-crowded landfills, and
extracting the liquid asphalt for use in new hot mix asphalt,
shingle manufacturing and asphalt flat roof systems, and aggregate
and fiber for use in construction products and other industrial
applications. Focused on the circular economy, Northstar plans to
reprocess used or defective asphalt shingle waste back into its
three primary components for reuse/resale at both its Empower Pilot
Facility in Delta, British
Columbia and its first commercial scale up facility in
Calgary, Alberta. As an emerging
innovator in sustainable processing, Northstar's mission is to be
the leader in the recovery and reprocessing of asphalt shingles in
North America, extracting the
recovered components from asphalt shingles that would otherwise be
sent to landfill.
For further information about Northstar, please
visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on
Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release. The
TSXV has neither approved nor disapproved the contents of this
press release.
This press release may contain forward–looking information
within the meaning of applicable securities legislation, which
forward–looking information reflects the Company's current
expectations regarding future events. Forward-looking statements
are often identified by the words "may", "would", "could",
"should", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements concerning:(i) the anticipated development and building
of the Empower Calgary Facility; (ii) the anticipated development
and operations of the Empower Pilot Facility, and (iii) Northstar's
ability to become a leader in the recovery and reprocessing of
asphalt shingles in North America.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements, including risks
related to factors beyond the control of the Company as well as
those risks and uncertainties which are more fully described under
the heading "Risk Factors" in the final prospectus of the Company
dated June 18, 2021 and in the
Company's annual and quarterly management's discussion and analysis
and other filings with the Canadian securities regulatory
authorities under the Company's profile on SEDAR. Further, the
ongoing labour shortages, high energy costs, inflationary
pressures, rising interest rates, the global financial climate and
the conflict in Ukraine and
surrounding regions are some additional factors that are affecting
current economic conditions and increasing economic uncertainty,
which may impact the Company's operating performance, financial
position, and future prospects. Collectively, the potential impacts
of this economic environment pose risks that are currently
indescribable and immeasurable. Readers are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly, are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements. These forward-looking statements are made as of
the date of this news release and, unless required by applicable
law, the Company assumes no obligation to update these
forward-looking statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/northstar-announces-completion-of-milestones-required-to-commence-detailed-engineering-301837113.html
SOURCE Northstar Clean Technologies Inc.