Northstar Clean Technologies receives second tranche for FEED study funding

In Canada, Northstar Clean Technologies Inc. announced that, upon completion of detailed engineering design for its planned asphalt shingle reprocessing facility in Calgary, the company has received the second installment of C$100,000 in grant funding from Alberta Innovates, a provincial Crown corporation and Alberta’s largest research and innovation corporation.

The company received approval in March 2022 for a non-repayable C$200,000 grant for the direct engineering costs of the Calgary Empower Facility under Alberta Innovates’ Bioenergy Program. The agreed milestones for the project under the joint Milestone Reporting and Payment Schedule were an award of C$100,000 upon completion of the Company’s Front-End Engineering Design (“FEED”) and a further C$100,000 award on completion of detailed engineering design, which the Company has now completed and was announced on April 8, 2024. The First Tranche of C$100,000 for the Company’s FEED was awarded in March 2022 and the Second Tranche of C$100,000 has now been awarded based on the successful completion of detailed engineering design for the Calgary Empower Facility.