Northstar (TSXV: ROOF) (OTCQB: ROOOF) Announces Positive Results of Second Independent Life Cycle Assessment for Calgary Scale Up Facility
- Northstar Clean Technologies has completed a second independent carbon dioxide equivalent (CO2e) life cycle assessment (LCA) for the Calgary Empower Facility
- The LCA concluded that CO2e emissions from the scale up facility are expected to be 60% lower than emissions related to landfill disposal and virgin production of asphalt shingles
- CO2e emissions benefits may allow Northstar to generate future revenue and margins from carbon credits
- Shares in Northstar Clean Technologies are trading at CA$0.21 per share on the TSXV and US$0.147 per share on the OTCQB
Northstar Clean Technologies has completed a second independent carbon dioxide equivalent (CO2e) life cycle assessment (LCA) for its planned scale up facility in Calgary.
Based on the FEED study that was completed earlier this year, the LCA found that the Calgary Empower Facility will have lower CO2e emissions than disposing of asphalt shingles in landfills and than the virgin production of asphalt shingles.
“We are very happy with the results of our second independent LCA for the Calgary Empower Facility,” said Northstar President and CEO Aidan Mills.
Compared to landfill disposal and virgin asphalt shingle production, which produce 195 kilograms of CO2e per tonne of feedstock, the LCA concluded that the planned scale up asphalt shingle reprocessing facility will save 117 kilograms of CO2e for every tonne of feedstock, representing approximately 60% net savings.
“This analysis quantifies how our operations in Alberta can support our customers and industry partners in delivering circular and “green” renewable asphalt produced with significantly lower carbon intensity,” added Mr. Mills. “Our long-term vision is to be an environmentally responsible, sustainable clean technology company delivering renewable products with a significantly lower carbon intensity.”
Depending on regulatory and legislative framework, CO2e emissions benefits may allow Northstar to generate future revenue and margins from carbon credits, in addition to the expected revenue streams from incoming tipping fees and from the sale of its end-use products: liquid asphalt, fibre, and aggregate.
The LCA was completed by Burgess Environmental Ltd. and is based on sophisticated modeling from the front-end engineering design (FEED) completed by BBA Inc.
The full detailed LCA can be downloaded on Northstar’s website at https://www.northstarcleantech.com/environmental
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$0.21 per share on the TSXV, up 5.0% as of 3:27 pm EST. On the OTCQB, ROOOF is trading at US$0.147 per share.
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