Mario Hoesel | stock.adobe.com
Northstar Clean Technologies Inc., an Alberta, Canada-based company focused on the recovery and reprocessing of asphalt shingles, has announced the execution of a 15-year lease extension for its Empower Delta Facility in Delta, British Columbia.
According to Northstar, the lease extension will support its long-term growth strategy and allow for the retrofit of the Empower Delta Facility, formerly home to its pilot facility, into a commercial-scale operation. The site currently holds all necessary regulatory approvals and permits for light industrial operations, offering a future expansion opportunity with reduced timelines and costs associated with permitting and site development.
“Our primary focus remains the successful commissioning and ramp-up of the Empower Calgary Facility, which represents our first full-scale commercial facility and is currently in its final commissioning phase,” says Aidan Mills, president and CEO of Northstar. “The Delta lease extension adds flexibility to our portfolio, giving us the opportunity to retrofit the current facility and leverage the existing permitting and site in the future. It also complements our ongoing development plans, where our next priorities are the site development and permitting for our planned facilities in Hamilton, Ontario, and the U.S. Mid-Atlantic region.”
"This lease is another step forward in our portfolio strategy, allowing us to create long-term shareholder value through strategic facility planning and development," Mills adds.
Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for landfills, and extracting the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications.
