Northstar signs asphalt shingle supply agreement with York1

Northstar Clean Technologies Inc. announced that its wholly-owned subsidiary, Empower Environmental Solutions Hamilton Ltd., has signed a nonbinding letter of intent (LOI) with York1 Environmental Waste Solutions Ltd. as a general partner.

The partnership is related to the formation of a strategic alliance for the supply of waste roofing shingles and the co-location of complimentary facilities at Northstar’s planned facility in southwestern Ontario. 

The LOI expires on Dec. 31, and the parties anticipate entering into a definitive agreement by June 30. Empower Hamilton initially anticipates receiving up to 10,000 tons of asphalt shingles for reprocessing per annum from York1 facilities, with a mutual understanding that the companies will increase the supply volume over time.

“We are thrilled to announce this strategic alliance with York1, a key milestone in advancing our plans for the Empower Hamilton Facility and additionally, a key step in our overall growth plans,” says Northstar President and CEO Aidan Mills. “Securing a reliable and consistent supply of waste asphalt shingles is a critical step in ensuring the success of our operations and our ability to make a significant environmental impact in southern Ontario. We are excited to work with York1 to create a scalable, sustainable solution for the reprocessing of asphalt shingles.”

Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts 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.