Core Insights - Sky Quarry Inc. is constructing its first Waste Asphalt Shingle Modular Facility, which is currently 80% complete, aimed at transforming the waste asphalt shingle recycling industry in the U.S. [1][2] Company Overview - Sky Quarry Inc. focuses on integrated energy solutions, particularly in recycling waste asphalt shingles and environmental remediation [5]. - The company aims to repurpose millions of tons of asphalt shingle waste, contributing to improved waste management and resource efficiency [5]. Facility Details - The completion of the first modular facility will mark a significant milestone in converting millions of tons of waste shingles into reusable resources, with operations expected to start in 2025 [2]. - Each modular facility is designed to process up to 100,000 tons of asphalt shingle feedstock annually, contributing to the recycling of over 15 million tons of waste asphalt shingles generated in the U.S. each year [3]. Strategic Importance - The modular facilities are part of a nationwide network intended to intercept waste at the source, addressing a major waste challenge in the U.S. construction industry [3]. - The initiative aligns with recent regulatory updates that mandate the diversion of construction waste from landfills, positioning the company to provide sustainable solutions [4]. Market Potential - By recycling waste asphalt shingles, Sky Quarry is poised to unlock an energy potential of over 22 million barrels annually, representing a significant opportunity for sustainable resource recovery [3].
Sky Quarry Nears Completion of First Waste Asphalt Shingle Modular Facility