#Canada #Calgary #Northstar Clean Technologies #Empower Facility #Emission Reduction Alberta

Northstar Clean Technologies Achieves Construction Milestone and Secures Funding

In a significant step forward, Northstar Clean Technologies Inc. has announced the completion of critical construction milestones at its Empower Environmental Solutions facility in Calgary, Alberta. This achievement includes receiving a payment of $3.9 million from Emission Reduction Alberta (ERA), which marks the second milestone payment under their contribution agreement, bringing total funding from ERA to $5.2 million.

The defined Milestone 2 criteria outlined several key requirements for Northstar, which included:

• - Completion of major procurement processes, excluding final vendor payments.
• - Delivery of all essential processing equipment.
• - Installation and electrification of major equipment.
• - Successful implementation of the Green House Gas Measurement and Monitoring Verification plan throughout construction.
• - Significant construction completion as per the Builder's Lien Act.

All requirements have been meticulously reviewed and confirmed, allowing Northstar to successfully qualify for the milestone payment. The funding received will primarily reimburse construction costs for the Empower Calgary Facility, and combined with other financial initiatives, ensures adequate cash flow for Northstar as it looks to expand its operations in both Canada and the U.S.

Aidan Mills, President and CEO of Northstar, expressed gratitude for the partnership with ERA, emphasizing that this support is crucial in their endeavor to lead in the waste-to-value sector. “Constructing the Calgary facility is a major milestone not only for us but for our community, as it contributes towards job creation and environmental benefits in a circular economy,” he stated.

Moreover, Justin Reimer, CEO of Emissions Reduction Alberta, remarked that the true success of such investments will be measured when these projects become operational. The completion of Northstar's construction phases provides an exciting opportunity for advancing waste-to-resource methodologies, particularly in the reprocessing of waste asphalt shingles. This initiative not only mitigates landfill accumulation but also offers the construction industry sustainable materials for future projects.

About Northstar Clean Technologies

Northstar specializes in the sustainable dismantling and recycling of discarded asphalt shingles. The company has developed a proprietary method of extracting valuable resources, including liquid asphalt, aggregate, and fiber, from these materials. This process aims to support a circular economy and reduce the environmental footprint associated with landfill disposal. With its inaugural commercial facility located in Calgary, Northstar is poised to meet the growing demand for sustainable processing solutions in North America.

As it stands, Northstar is successfully moving toward the commissioning of the Empower Calgary Facility while also preparing to reach additional operational milestones under the ERA grant agreements. The journey toward recovery and reprocessing of asphalt shingles not only addresses urgent waste management challenges but also presents unprecedented opportunities for economic development and environmental sustainability.

To learn more about Northstar and its visionary efforts in clean technologies, you can visit their official website at www.northstarcleantech.com.