VANCOUVER, BC, Oct. 16,
2023 /CNW/ - Northstar Clean Technologies Inc. (TSXV:
ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to
announce that it has commenced detailed engineering design for its
planned asphalt shingle reprocessing facility in Calgary, Alberta (the "Empower Calgary
Facility"), alongside its engineering contractor BBA Engineering
Ltd. ("BBA").
Detailed engineering design is an advanced level of engineering
work to finalize the process, equipment, and specifications to be
included in the Empower Calgary Facility.
As previously announced by the Company on May 30, 2023, the Company has completed all
prerequisite milestones required to commence detailed engineering
design. The Company also expects to begin procurement of long-lead
equipment in the coming weeks. Following the completion of detailed
engineering design, the Company will move into construction of the
modules for the Empower Calgary Facility, which is fully funded and
recently completed site development, as announced by the Company on
September 27, 2023.
The detailed engineering design will include the following key
deliverables:
- Final piping & instrumentation diagrams
- Plant layout plan
- Issued for construction drawings
- Tender packages for equipment procurement
- Assembly plans
- Commissioning procedures
As part of the detailed engineering design process, the project
has completed initial detailed engineering design review with BBA,
as well as a review by each of TAMKO Building Products LLC
("TAMKO") and McAsphalt Industries Inc., and certain other experts
to ensure the design meets the requirements of all stakeholders and
incorporates best practices.
Mr. Aidan Mills, President &
CEO and Director of Northstar, stated "We are pleased to have
commenced detailed engineering design for our Empower Calgary
Facility. As soon as we closed the TAMKO strategic equity
investment on July 31, 2023, we
commenced the prerequisite work to begin detailed engineering
design for the Empower Calgary Facility. We have now completed all
the design preparation work, including an update to our front-end
engineering design ("FEED"), to integrate of all the operational
de-risking work carried out at the Empower Pilot Facility in
Delta, British Columbia, along
with customer and vendor feedback. Our detailed engineering design
review with BBA, partners and industry experts was excellent and
continues to give us confidence as we enter detailed engineering
design, that we have developed a robust plant process to deliver
our first commercial facility."
About Northstar
Northstar Clean Technologies Inc. is a Canadian-based clean
technology company focused on the sustainable recovery and
reprocessing of asphalt shingles. Northstar has developed a
proprietary design process for taking discarded asphalt shingles,
otherwise destined for already over-crowded landfills, and
extracting the liquid asphalt for use in new hot mix asphalt,
shingle manufacturing and asphalt flat roof systems, and aggregate
and fiber for use in construction products and other industrial
applications. Focused on the circular economy, Northstar plans to
reprocess used or defective asphalt shingle waste back into its
three primary components for reuse/resale at its first commercial
scale up facility in Calgary,
Alberta. As an emerging innovator in sustainable processing,
Northstar's mission is to be the leader in the recovery and
reprocessing of asphalt shingles in North
America, extracting the recovered components from asphalt
shingles that would otherwise be sent to landfill.
For further information about Northstar, please visit
www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on
Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release. The
TSXV has neither approved nor disapproved the contents of this
press release.
This press release may contain forward‐looking information
within the meaning of applicable securities legislation, which
forward‐looking information reflects the Company's current
expectations regarding future events. Forward-looking statements
are often identified by the words "may", "would", "could",
"should", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements concerning: (i) the ongoing development and completion
of detailed engineering design for the Empower Calgary Facility;
(ii) the ordering and delivery of long-lead equipment for the
Empower Calgary Facility; (iii) the construction of modules for the
Empower Calgary Facility; (iv) Northstar's ability to become a
leader in the recovery and reprocessing of asphalt shingles in
North America. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the statements, including risks related to factors
beyond the control of the Company as well as those risks and
uncertainties which are more fully described under the heading
"Risk Factors" in the final prospectus of the Company dated
June 18, 2021 and in the Company's
annual and quarterly management's discussion and analysis and other
filings with the Canadian securities regulatory authorities under
the Company's profile on SEDAR. Further, the ongoing labour
shortages, high energy costs, inflationary pressures, rising
interest rates, the global financial climate and the conflict in
Ukraine and surrounding regions
are some additional factors that are affecting current economic
conditions and increasing economic uncertainty, which may impact
the Company's operating performance, financial position, and future
prospects. Collectively, the potential impacts of this economic
environment pose risks that are currently indescribable and
immeasurable. Readers are cautioned that forward-looking statements
are not guarantees of future performance or events and,
accordingly, are cautioned not to put undue reliance on
forward-looking statements due to the inherent uncertainty of such
statements. These forward-looking statements are made as of the
date of this news release and, unless required by applicable law,
the Company assumes no obligation to update these forward-looking
statements.
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SOURCE Northstar Clean Technologies Inc.