Core Viewpoint - Sky Quarry Inc. has entered into a non-binding Letter of Intent with Southwind RAS to explore a strategic collaboration aimed at advancing asphalt shingle recycling in Illinois, supporting its national expansion strategy and waste-to-energy mission [1][3]. Group 1: Collaboration Details - The collaboration will evaluate the technical and logistical feasibility of implementing Sky Quarry's proprietary recycling technologies at Southwind's nine facilities in the greater Chicago area, focusing on operational modeling, site assessments, and financial structures [2]. - The goal is to develop a scalable, modular approach to shingle recycling that creates mutual value and environmental impact [2]. Group 2: Environmental and Economic Impact - Sky Quarry estimates that approximately 1.2 million tons of asphalt shingle waste are generated annually in the region, which, if fully recycled, could yield the equivalent of 1.5 million barrels of oil, highlighting both environmental urgency and economic opportunity [4]. - The proposed collaboration is expected to generate high-value byproducts such as asphalt-coated limestone, sand, granules, glass fibers, bitumen, and ground asphalt shingles, which can be repurposed for various applications [3]. Group 3: Company Background - Southwind RAS, founded in 2009, is a leader in the recycling of residential tear-off asphalt shingles, operating nine locations in the greater Chicago area and focusing on sustainable waste management [5]. - Sky Quarry Inc. is an integrated energy solutions company focused on recycling waste asphalt shingles and environmental remediation, aiming to repurpose millions of tons of waste and reduce environmental impact [6].
Sky Quarry Enters LOI with Southwind RAS, LLC to Evaluate Strategic Recycling Collaboration