Sky Quarry Partners with Atlas Roofing Corp. to Explore Asphalt Shingle Recycling
Sky Quarry Inc. (NASDAQ: SKYQ) has announced an exploratory partnership with Atlas Roofing to assess and develop processes for asphalt shingle recycling. The collaboration aims to utilize Sky Quarry's closed loop recycling process and proprietary shingle extraction technology to recover materials and oil from Atlas' waste shingles.
Sky Quarry's ECOSolv technology has shown promising results in lab testing, with material recovery rates of up to 95%, solvent recycling of up to 99%, and hydrocarbon recovery of up to 99%. This partnership is expected to demonstrate how Sky Quarry's sustainable business model can transform the environmental challenge of waste asphalt shingle disposal into a profitable and sustainable prospect.
Sky Quarry Inc. (NASDAQ: SKYQ) ha annunciato una partnership esplorativa con Atlas Roofing per valutare e sviluppare processi per il riciclo delle tegole asfaltiche. La collaborazione mira a utilizzare il processo di riciclo a ciclo chiuso di Sky Quarry e la sua tecnologia proprietaria di estrazione delle tegole per recuperare materiali e olio dai rifiuti di tegole di Atlas.
La tecnologia ECOSolv di Sky Quarry ha mostrato risultati promettenti nei test di laboratorio, con percentuali di recupero dei materiali fino al 95%, riciclo dei solventi fino al 99% e recupero degli idrocarburi fino al 99%. Si prevede che questa partnership dimostrerà come il modello di business sostenibile di Sky Quarry possa trasformare la sfida ambientale dello smaltimento dei rifiuti di tegole asfaltiche in una prospettiva redditizia e sostenibile.
Sky Quarry Inc. (NASDAQ: SKYQ) ha anunciado una asociación exploratoria con Atlas Roofing para evaluar y desarrollar procesos para el reciclaje de tejas asfálticas. La colaboración tiene como objetivo utilizar el proceso de reciclaje de ciclo cerrado de Sky Quarry y su tecnología propietaria de extracción de tejas para recuperar materiales y aceite de los desechos de tejas de Atlas.
La tecnología ECOSolv de Sky Quarry ha mostrado resultados prometedores en pruebas de laboratorio, con tasas de recuperación de material de hasta el 95%, reciclaje de solventes de hasta el 99% y recuperación de hidrocarburos de hasta el 99%. Se espera que esta asociación demuestre cómo el modelo de negocio sostenible de Sky Quarry puede transformar el desafío ambiental del desecho de tejas asfálticas en una perspectiva rentable y sostenible.
Sky Quarry Inc. (NASDAQ: SKYQ)가 Atlas Roofing과의 탐색적 파트너십을 발표하였습니다. 이는 아스팔트 셰인글 재활용을 평가하고 개발하는 것입니다. 이 협력은 Sky Quarry의 폐쇄형 재활용 프로세스와 독점적인 셰인글 추출 기술을 활용하여 Atlas의 폐기물 셰인글에서 재료와 오일을 회수하는 것을 목표로 합니다.
Sky Quarry의 ECOSolv 기술은 실험실 테스트에서 약속된 결과를 보여주었으며, 재료 회수율은 최대 95%, 용제 재활용율은 최대 99%, 탄화수소 회수율은 최대 99%입니다. 이 파트너십은 Sky Quarry의 지속 가능한 비즈니스 모델이 아스팔트 셰인글 폐기 문제를 수익성 있고 지속 가능한 기회로 전환할 수 있는 방법을 보여줄 것으로 예상됩니다.
Sky Quarry Inc. (NASDAQ: SKYQ) a annoncé un partenariat exploratoire avec Atlas Roofing pour évaluer et développer des processus pour le recyclage des bardeaux d'asphalte. La collaboration vise à utiliser le processus de recyclage en boucle fermée de Sky Quarry et sa technologie d'extraction de bardeaux propriétaire pour récupérer des matériaux et de l'huile à partir des bardeaux déchets d'Atlas.
La technologie ECOSolv de Sky Quarry a montré des résultats prometteurs lors des tests en laboratoire, avec des taux de récupération de matériel allant jusqu'à 95%, un recyclage des solvants allant jusqu'à 99% et une récupération des hydrocarbures allant jusqu'à 99%. Ce partenariat devrait démontrer comment le modèle commercial durable de Sky Quarry peut transformer le défi environnemental de l'élimination des bardeaux d'asphalte en une perspective rentable et durable.
Sky Quarry Inc. (NASDAQ: SKYQ) hat eine explorative Partnerschaft mit Atlas Roofing bekannt gegeben, um Prozesse für das Recycling von Asphaltziegeln zu bewerten und zu entwickeln. Die Zusammenarbeit zielt darauf ab, den geschlossenen Recyclingprozess von Sky Quarry und die proprietäre Ziegelauszugtechnik zu nutzen, um Materialien und Öl aus den Abfallziegeln von Atlas zurückzugewinnen.
Die ECOSolv-Technologie von Sky Quarry hat in Laboruntersuchungen vielversprechende Ergebnisse gezeigt, mit Materialrückgewinnungsraten von bis zu 95%, der Rückgewinnung von Lösungsmitteln von bis zu 99% und der Rückgewinnung von Kohlenwasserstoffen von bis zu 99%. Es wird erwartet, dass diese Partnerschaft zeigt, wie das nachhaltige Geschäftsmodell von Sky Quarry die umweltpolitische Herausforderung der Entsorgung von Abfallasphaltziegeln in eine rentable und nachhaltige Aussicht verwandeln kann.
- Partnership with industry leader Atlas Roofing
- Potential to demonstrate high material and oil recovery rates from waste shingles
- Addressing an environmental challenge with no current sustainable solution
- None.
Insights
This partnership between Sky Quarry and Atlas Roofing Corp. marks a significant step towards addressing the environmental challenge of waste asphalt shingle disposal. Sky Quarry's ECOSolv technology, with its impressive
The potential impact is twofold:
- Environmental: Reducing landfill waste and recovering valuable materials
- Economic: Creating a new revenue stream from waste products
However, it's important to note that this is still an exploratory relationship. The success will depend on the scalability of Sky Quarry's technology and its economic viability in real-world applications. Investors should monitor for future updates on pilot projects or commercial agreements resulting from this partnership.
The potential of Sky Quarry's technology to recover up to
Moreover, the closed-loop nature of the process, with
However, questions remain about the quality of the recovered materials and their potential applications. The success of this venture will largely depend on finding viable markets for these recycled products. Investors should look for future announcements regarding the specific uses and value of the recovered materials.
Exploratory Relationship Will Assess and Develop Mutually Beneficial Processes for the Recovery of Waste Asphalt Shingle Material and Oil
WOODS CROSS, Utah, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or the "Company"), an oil production, refining, and development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils, today announced it has entered into an exploratory relationship with Atlas Roofing Corporation (“Atlas”) to assess and develop mutually beneficial processes for asphalt shingle recycling.
Atlas Roofing Corporation is an innovative, customer-oriented manufacturer of residential and commercial building materials. Atlas has grown from a single shingle-manufacturing plant into an industry leader with 33 facilities across North America. Atlas has partnerships with some of North America’s most respected companies, allowing Sky Quarry to provide new technologies to various markets.
Under the partnership, Sky Quarry will collaborate with Atlas to explore the use of its closed loop recycling process and proprietary shingle extraction technology to recover both material and oil from Atlas’ waste shingles. In lab testing, Sky Quarry’s ECOSolv technology has demonstrated a material recovery rate of up to
“As a leader in the building products industry, Atlas is an ideal partner to demonstrate our groundbreaking application capable of separating waste shingles into clean oil and other valuable materials,” said David Sealock, Chairman, CEO and Co-Founder of Sky Quarry. “Currently, there are no sustainably viable solutions for the disposal of waste asphalt shingles, and we believe this exploratory relationship will show how our sustainable business model can transform an environmental challenge into a profitable and sustainable prospect. We look forward to working with the team at Atlas to develop mutually beneficial processes for their waste shingles.”
About Atlas Roofing Corporation
From a single asphalt shingle manufacturing facility in 1982, Atlas has grown to 33 manufacturing facilities in North America providing worldwide product distribution. Today, products from the company’s four major divisions, Polyiso Roof & Wall Insulation, Shingles & Underlayments, Molded Products, and Web Technologies, are manufactured in state-of-the-art facilities and shipped from a network of manufacturing plants and distribution facilities in the United States, Canada, and Mexico. Atlas’ mission is to deliver leading products and solutions that enrich the lives of those they touch, by nurturing a culture of agility, teamwork, and accessibility that attracts the most talented people in their industries.
Atlas Roofing Corporation is a wholly owned subsidiary of Hood Companies, Inc. Hood Companies is a privately owned, closely held holding company and is the parent to operating subsidiaries involved in the manufacture and distribution of forest and wood products, building and construction materials, and flexible and corrugated packaging products throughout North America. For more information, please visit atlas-arc.com.
About Sky Quarry Inc.
Sky Quarry Inc (NASDAQ: SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit www.skyquarry.com.
Forward-Looking Statements
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Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
SKYQ@mzgroup.us
www.mzgroup.us
Company Website
https://investor.skyquarry.com/
FAQ
What is the purpose of Sky Quarry's partnership with Atlas Roofing ?
What are the potential recovery rates of Sky Quarry's ECOSolv technology for shingle recycling?
How does the Sky Quarry (SKYQ) partnership address environmental concerns?
