March 31, 2022
Northstar (TSXV: ROOF) (OTCQB: ROOOF) Completes Front-End Engineering Design for Calgary Facility
- Northstar Clean Technologies has received a front-end engineering design (FEED) technical report for its planned scale up facility in Calgary, Alberta
- The purpose of the FEED study was to produce a capital cost estimate for the process and to develop the design details required to begin construction in 2022
- The FEED study concluded that with a contingency of $2 million, the total capital cost estimated for the process is $11.75 million
- Next steps for the Company based on the FEED study deliverables include further detailed engineering for any long lead items required for the project
- Shares in Northstar Clean Technologies are trading at CA$0.26 per share on the TSXV and US$0.198 per share on the OTCQB
Northstar Clean Technologies has received a front-end engineering design (FEED) technical report for its planned scale up facility in Calgary, Alberta.
The Company engaged BBA Engineering Ltd., an independent third-party consulting firm, to complete an independent detailed engineering design study of a modular facility that would be deployed across Northstar’s expansion facilities, including the planned Calgary Empower Facility.
The purpose of the FEED study was to produce a capital cost estimate for the process and to develop the design details required to begin construction in 2022.
The FEED study concluded that with a contingency of $2 million, the total capital cost estimated for the process is $11.75 million.
The capital cost estimate includes $8.6 million in direct costs, including $7.1 million in equipment costs and $1.5 million in labour and materials costs, and $1.2 million in indirect costs. The capital cost estimate was developed to a level sufficient for supporting a Class 3/4 Pre-Feasibility estimate.
Several FEED stage engineering deliverables were completed during the study, including an engineering discovery meeting summary, process flow diagram, heat mass balance, process design basis, master equipment list, and more.
Other deliverables in progress include a process and instrument diagram, hazard area assessment, long lead / critical equipment datasheets, and more.
Next steps for the Company based on the FEED study deliverables include further detailed engineering for any long lead items required for the project.
Northstar also recently announced that it has been awarded $200,000 in funding from Alberta Innovates, Alberta’s largest research and innovation corporation.
The grant funding will be used to pay for a portion of the $675,000 of direct engineering costs for the Company’s planned scale up facility in Calgary, Alberta, which was announced on March 17.
Northstar Clean Technologies Inc. is a Vancouver-based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles.
Shares in Northstar Clean Technologies (ROOF) are trading at CA$0.26 per share on the TSXV, up 4.0% as of 4:00 pm EST. On the OTCQB, ROOOF is trading at US$0.198 per share.
To learn more about Northstar Clean Technologies and its innovative processes, visit the Company’s website. To read the full press release, click here.
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