Our mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America. Northstar has developed a proprietary design process at its Empower Pilot Facility in Delta, British Columbia for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber. These three reprocessed products can be used in a variety of applications, including new asphalt shingles, asphalt for road construction, construction products and other industrial applications.
Secured 100% binding take-or-pay off-take of asphalt production for 5 years from Calgary Facility with McAsphalt Industries
Strategic Investment from TAMKO Building Products, one of America's largest shingle manufacturers.
Secured C$8.75M in senior secured project debt over 15 years from BDC for construction of Calgary Facility.
Environmentally-friendly and proprietary reprocessing solution for asphalt shingles.
Awarded C$7.1M of non-repayable project-level government grants from Emissions Reduction Alberta (ERA) for Calgary Facility
US$1.35 billion+ dollar market in Canada alone with limited proven processing alternatives.
60% CO2e savings vs. virgin production and landfilling of shingles from both Empower Pilot and Calgary facilities.
Fully constructed Empower Pilot Facility in Delta BC.
Signed an MOU with TAMKO Building Products for US Expansion facilities. TAMKO has agreed to enter into offtake agreements under the exclusivity period
Current macro environment is supportive of circular economy options.
Strong commercial model with increased tipping fees, demand for high quality repurposed/recycled products.
Significant strategic, commercial, operational and capital markets expertise from senior management and the Board.