Every year, 11 to 14.85 million tons of asphalt shingles pile up in U.S. landfills, according to the Asphalt Roofing Manufacturers Association (ARMA). Once in the landfills, “it will take upwards of 300 years for them to break down,” according to the Environmental Protection Agency, as noted by Electrek.co. Instead of waiting that long, companies, such as Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF) are focusing on the sustainable recovery and reprocessing of those very asphalt shingles to help meet climate goals. Better, President Biden’s $375 billion climate bill should also be beneficial for the construction & demolition materials reprocessing industry, electric vehicles, hydrogen, solar, and other forms of green energy. In addition to Northstar Clean Technologies, other companies that could benefit include Owens Corning (NYSE: OC), Builders FirstSource Inc. (NYSE: BLDR), Lowe’s Companies Inc. (NYSE: LOW), and Home Depot Inc. (NYSE: HD).

Look at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF), For Example

Northstar Clean Technologies Inc. announced that it has been issued a patent for the Company’s front-end technology for reprocessing asphalt shingles by the United States Patent and Trademark Office. This patent is expected to remain in force until 2042. Further, Northstar has filed follow-on continuation patent applications with the USPTO, as well as an application for patent approval in Canada and plans to file a Patent Cooperation Treaty international application.

Mr. Aidan Mills, President & CEO and Director of Northstar, stated “This patent issuance demonstrates our strong commitment to protecting the innovation of our clean technology portfolio and the significant commercial opportunity that it represents for our company, our stakeholders, and our partners. We are delighted to be issued our first patent from the USPTO for the front-end of our proprietary technology for reprocessing asphalt roofing shingles. The approval of this patent is a testament to the strength of our proprietary technology and helps protect the Company’s intellectual property. This patent further strengthens Northstar’s mission to be the leader in the recovery and reprocessing of asphalt shingles in North America.”

Northstar’s proprietary technology reprocesses discarded asphalt shingles, otherwise destined for landfills, extracting the liquid asphalt, fiber, and aggregate materials for use in paving asphalt, shingle manufacturing, asphalt flat roof systems, and other industrial applications.

Other related developments from around the markets include:

Owens Corning took an important step toward reaching its circular economy aspiration with the announcement of enhanced shingle recycling efforts. By 2030, the company intends to recycle two million tons of shingles per year in the U.S. “Owens Corning has a strong sustainability foundation and has set ambitious goals. This includes establishing circular economy business models that ensure materials in our products remain in the economy indefinitely. We are focused on bringing these breakthrough solutions to life as a critical next chapter of work in our sustainability journey,” said David Rabuano, Senior Vice President and Chief Sustainability Officer. “Our mission is to build a sustainable future through material innovation, and with this enhanced focus on shingle recycling we continue to make progress.” The company has launched workstreams focused on two methods of shingle recycling: recycling shingles into new shingles and recycling shingles into asphalt pavement. Both approaches intend to reclaim 100% of the shingle to eliminate product waste.

Builders FirstSource Inc. will hold a conference call and webcast on Tuesday, November 8, 2022, to discuss the Company’s financial results and other business matters. The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Flitman, President and Chief Executive Officer, and Peter Jackson, Chief Financial Officer. A copy of the Company’s press release announcing its financial results will be made available at 6:00 a.m. Central Time prior to the market open on Tuesday, November 8, 2022, in the Investors section of the Builders FirstSource website at www.bldr.com.

Lowe’s Companies announced that it has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration. Based in Boucherville, Quebec, Lowe’s Canadian retail business operates or services approximately 450 corporate and independent affiliate dealer stores in a number of complementary formats under different banners, which include RONA, Lowe’s Canada, Réno-Dépôt and Dick’s Lumber. “The sale of our Canadian retail business is an important step toward simplifying the Lowe’s business model. While this business represents approximately 7% of our full year 2022 sales outlook, it also represents approximately 60 basis points of dilution on our full year 2022 operating margin outlook,” said Marvin R. Ellison, Lowe’s chairman, president and CEO.

Home Depot Inc., the world’s largest home improvement retailer, announced that it will hold its Third Quarter Earnings Conference Call on Tuesday, November 15, at 9 a.m. ET. A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the Third Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on November 15. The Home Depot is the world’s largest home improvement specialty retailer. At the end of the second quarter of fiscal year 2022, the Company operated a total of 2,316 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Northstar Clean Technologies Inc. by Northstar Clean Technologies Inc. We own ZERO shares of Northstar Clean Technologies Inc. Please click here for full disclaimer.

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