Companies that Could Benefit from Global Zero Waste Programs
Around the world, leaders are working towards zero waste. In parts of the United States, zero waste programs are being set up to phase out waste entirely. Even Metro Vancouver has a goal of zero waste by 2040. In fact, according to Vancouver.ca, “As a city we've committed to conserve resources, prevent waste of all types, including wasted food at all points between farm and table, compost inedible food or convert it into fuel, repair and maintain products and materials to extend their lives, and share, reuse, and refurbish products and materials before recycling them.” All could be beneficial for companies that deal with recyclable material, such as asphalt shingles, like Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF). Other shingles stocks to be aware of in the market include Owens Corning (NYSE: OC), Builders FirstSource Inc. (NYSE: BLDR), Beacon Roofing Supply Inc. (NASDAQ: BECN), and Home Depot Inc. (NYSE: HD).
Look at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) For Example
Northstar Clean Technologies Inc. provided an update on operations at its asphalt shingle reprocessing facility in Delta, BC, and other corporate initiatives. The Company continues to focus its efforts on ramping up from steady state production to commercial production at the Empower Pilot Facility.
Empower Pilot Facility
The Company continues to operate in steady state production at the Empower Pilot Facility, reprocessing feedstock of asphalt shingles into liquid asphalt, aggregate and fibre. The amount of shingle feedstock processed has been steadily increasing and the Company expects to achieve production in the range of 50 to 75 tonnes per day by the end of Q4 2022. Steady state production has given the Company an opportunity to make operational strides in three main areas:
1) Identifying Key Areas of Improvement: The lessons learned while operating the production process from input to output has enabled the Company to identify key areas of improvement in equipment performance, operating philosophy, process integration, and critical uptime and reliability criteria.
2) Feedback from Product Specification Analysis: As previously announced, the Company has developed the internal capability for product testing, has carried out testing through third party laboratories and has worked extensively with potential customers in the paving, shingle manufacturing, and roofing system manufacturing sectors to carry out product analysis. This feedback has contributed to performance improvements at the Empower Pilot Facility that the Company plans to incorporate into the design of its planned Calgary scale up facility.
3) Engineering Development Work: The Company has continued the engineering design work on key elements of the Empower Calgary Facility with long lead manufacturing partners. Their feedback is now being incorporated into the equipment, operating philosophy and processing integration of the Empower Pilot Facility.