There’s an old saying: One man’s trash is another man’s treasure. Did you know that asphalt shingles are a common roofing material that can be recycled thanks to their asphalt content?
In fact, asphalt remains the most recycled product in North America. According to the National Asphalt Pavement Association and an important note for construction professionals: “since most reclaimed asphalt is reused or recycled, asphalt pavement is recycled more than any other material and its use is growing.”
EVERY YEAR UP TO 15 MILLION TONS OF WASTE ASPHALT SHINGLES ARE DUMPED INTO NORTH AMERICAN LANDFILLS, THE EQUIVALENT TO 20 MILLION BARRELS OF OIL!
Founded in 2019, Sky Quarry Inc. (NASDAQ: SKYQ) is 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.
The Company and its subsidiaries have a waste-to-energy mission to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, SKYQ can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact.
Part of SKYQ’s fully integrated strategy was the acquisition of two substantial processing facilities: a cutting-edge oil extraction facility in Utah with significant hydrocarbon resources, and a 5,000 barrel a day oil refinery in Nevada. These acquisitions provide them with an integrated capability from extraction to refining.
Sky Quarry (NASDAQ: SKYQ) has developed a clean tech, environmentally safe, closed-loop process that can recyclej ANDj reuse asphalt shingle waste.
The innovation lies in the company’s proprietary solvent, which, when introduced to the shingle waste material, transforms it into a fluid slurry by dissolving the asphalt bitumen. As the bitumen and solution rise, the solids sink. The bitumen and solvent are then separated, with the solvent being stored for reuse and the purified bitumen pumped into storage tanks for transportation to our refinery. The remaining solids undergo thorough cleaning and drying before being prepared for sale.
Nearly 6 million homes in the USA are reroofed each year, sending approximately 15 million tons of asphalt roofing shingles to landfills across the country for disposal.
If recycled, each year’s disposed shingles would equate to the recovery of 20 million barrels of oil and 9 million tons of sands, aggregate, and other construction solids.
The Sky Quarry team recognized the untapped potential of an already established oil extraction technology. Leveraging their expertise, they conceived a groundbreaking application capable of separating waste shingles into clean oil and other valuable materials to transform an environmental challenge into a profitable and sustainable prospect.
Between sustainable construction materials, aviation fuels, and recycled asphalt shingles, which, Sky Quarry has the opportunity to tap into, is estimated to have a combined demand of up to $25B by 2035!
Every Ton of Recovered Asphalt Shingles Is Expected to Be Worth About $295 And Can Be Sold on The National Infrastructure Products Market!
Estimated Product value per ton:
GROWTH POTENTIAL - Company owns two substantial processing facilities: a cutting-edge oil extraction facility with significant hydrocarbon resources, and an oil refinery in Nevada. Since the acquisition of the Foreland Refining Corp., SKYQ has also broadened its capabilities and fortified its position in the oil and energy industries.
PRODUCTION 5,000 BBLS - With a daily production capacity of 5,000 barrels per day (“bpd”), SKYQ’s refinery efficiently converts heavy crude oil into high-quality diesel and a range of other valuable petroleum products, including naphtha, vacuum gas oil, and paving asphalt liquids from sustainable feedstock.
CONSTANT FEEDSTOCK - SKYQ is in discussions with roofing contractors, waste management companies, and construction firms to secure a consistent supply of asphalt shingle feedstock and have targeted those areas with the highest tipping fees.
REVENUE DIVERSIFICATION - SKYQ’s strategy of developing multiple revenue streams enhances the company’s financial stability, ensuring that every component of the recycling process contributes to our bottom line.
REGIONAL SALES - SKYQ is forming partnerships with local construction and paving companies to generate future revenue through the regional sales of reclaimed aggregate materials.
Rapid Scalability - SKYQ intends to set up small recycling units nationwide to process waste asphalt shingles (WAS), utilizing the modular nature of these facilities for easy scalability and quick deployment.
With increasing global focus on sustainable resource management, rising energy needs, and tightening petroleum supplies, green renewable energy markets are gaining momentum.
Anticipated market demand for green technologies is estimated to soar up to $1 trillion annually. In addition, according to Allied Market Research, the market for recycled asphalt is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027.
SKYQ is poised to capitalize on rapidly expanding markets, including the growing demand for renewable infrastructure and sustainable products. As governments, businesses, and consumers seek ways to reduce their carbon footprint, our adaptability to market trends positions us as a key player in the renewable infrastructure industry.
New Asphalt Shingles: Asphalt roofing shingles account for nearly two-thirds of the roofing market, with demand projected to reach $197B by 2032.
Carbon Market: Companies are pouring big money into renewable energy projects and purchasing carbon credits to offset their emissions.
Sustainable Fuel: The sustainable fuel market is expected to triple over the next 20 years and could account for up to 37% of energy demand in the transportation sector. Sustainable aviation fuel stands at approximately 300% higher than that of traditional aviation fuel.
Paving Industry: America has 173,000 miles of poor roads and bridges that need to be repaired and repaved. President Biden’s Bipartisan Infrastructure Law intends to repair all these roads, which will require a substantial amount of paving asphalt bitumen.
Carbon Credit Opportunity: Recycling asphalt shingle waste qualifies for valuable carbon credits by significantly reducing greenhouse gas (GHG) emissions. This process not only helps mitigate climate change but also plays an essential role in carbon credit systems, presenting a unique opportunity for Sky Quarry to contribute to environmental sustainability while also gaining financial benefits. In addition, the company intends to investigate extending operations to carbon sequestration by storing carbon in its residual limestone powder.
SKYQ has entered into an exploratory relationship with Atlas Roofing Corporation to assess and develop mutually beneficial processes for asphalt shingle recycling.
Atlas Roofing Corporation, a manufacturer of residential and commercial building materials, 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, SKYQ 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 95%, recycling of up to 99% of its solvent, and recovery of up to 99% of hydrocarbons!
“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. 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.”
The Sky Quarry (NASDAQ: SKYQ) was formed to deploy technologies to facilitate the recycling of waste asphalt shingles and the remediation of oil-saturated sands and soils.
The key to success is SKYQ’s innovative approach to energy recovery from waste asphalt shingles ("WAS"). Nearly 6 million homes in the USA are reroofed each year, sending approximately 15 million tons of asphalt shingles to landfills across the country for disposal, contributing to a significant environmental challenge, not to mention a waste of valuable resources!
SKYQ has developed a proprietary process to transform this waste into sustainable fuels and other marketable materials - a total of 7 potential revenue streams. Their model capitalizes on both a low-cost commodity and the global shift towards eco-friendly solutions. The Company's many addressable markets are expected to be worth a combined $25B by 2035!
Turning waste into lucrative resources while helping our planet makes Sky Quarry (NASDAQ: SKYQ) one of the most exciting clean energy companies to have your eyes on. This company is firing on all cylinders to become a leader with its unique technology!
Disclaimer
We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of Huge Alerts nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisers, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed on Huge Alerts. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed on this website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. Huge Alerts makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website.
Some of the content on this website contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which may be beyond a company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. It is hereby noted that forward-looking statements contained herein may include everything other than historical information, involve risk and uncertainties that may affect a company’s actual results of operation. A company’s actual performance could greatly differ from those described in any forward-looking statements or announcements mentioned on this website or the websites contained within. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company’s products; the company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company’s filings with the Securities and Exchange Commission. However, a company’s past performance does not guarantee future results.
Generally, the information regarding a company profiled or discussed on this website is provided from public sources hugealerts.com makes no representations, warranties or guarantees as to the accuracy or completeness of the information provided or discussed. Viewers should not rely solely on the information obtained through our website or in communications originating from our website. Viewers should use the information provided by us regarding the profiled companies as a starting point for additional independent research on the companies profiled or discussed in order to allow the viewer to form his or her own opinion regarding investing in the securities of such companies. Factual statements, or the similar, made by the profiled companies are made as of the date stated and are subject to change without notice and Huge Alerts has no obligation to update any of the information provided. Huge Alerts, its owners, officers, directors, contractors and employees are not responsible for errors and omissions.
From time to time certain content on this website is written and published by our employees or third parties. In addition to information about our profiled companies, from time to time, our website will contain the symbols of companies and/or news feeds about companies that are not being profiled by us but are merely illustrative of certain activity in the micro cap or penny stock market that we are highlighting. Viewers are advised that all analysis reports and news feeds are issued solely for informational purposes. Any opinions expressed are subject to change without notice. It is also possible that one or more of the companies discussed or profiled on this website may not have approved certain or any statements within the website. Huge Alerts encourages viewers to supplement the information obtained from this website with independent research and other professional advice. The content on this website is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Third Party Web Sites and Other Information This website may provide hyperlinks to third party websites or access to third party content.Huge Alerts, its owners, officers, directors, contractors and employees are not responsible for errors and omissions nor does Huge Alerts control, endorse, or guarantee any content found in such sites. Huge Alerts does not control, endorse, or guarantee content found in such sites. By accessing, viewing, or using the website or communications originating from the website, you agree that Huge Alerts, its owners, officers, directors, contractors and employees, are not responsible for any content, associated links, resources, or services associated with a third party website. You further agree that Huge Alerts, its owners, officers, directors, contractors and employees shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only. Huge Alerts uses third parties to disseminate information to subscribers. Although we take precautions to prevent others from obtaining our subscriber list, there is a risk that our subscriber list, through no wrong doing on our part, could end up in the hands of an unauthorized party and that subscribers will receive communications from unauthorized third parties. We encourage viewers to invest carefully and read the investor issuer information available at the web sites of the United States Securities and Exchange Commission (SEC). The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov and filings made by public companies can be viewed at www.sec.gov and/or the Financial Industry Regulatory Authority (FINRA) at: www.finra.org. In addition, FINRA has published information at its website on how to invest carefully at www.finra.org/Investors/index.htm.
Income Disclaimer
Testimonials and examples used here are exceptional results which may not apply to the average purchaser. They are not intended to represent or guarantee that anyone will achieve the same or similar results through our service. The use of our information should be based on your own due diligence, and you agree that our company is not liable for any success or failure of your business that is directly or indirectly related to the use of our information. As with any business, your results may vary, and will be based on your individual capacity, business experience and expertise. There are no guarantees concerning the level of success you may experience. Income statements made by our customers are only estimates of what they have earned; there is no guarantee that you will make these levels of income. When using our information you accept the risk that these earnings and income statements differ by individual. There is no assurance that examples of past earnings case duplicated in the future. There are unknown risks in business and on the internet that we cannot anticipate which can reduce results. We therefore cannot guarantee your future results or success, and are not responsible for your actions.
Huge Alerts has been retained by Sky Quarry (NASDAQ:SKYQ) to perform promotional and advertising services for a limited time with respect to the company we are profiling or discussing on this website and in exchange for such services has received cash compensation fromSky Quarry (NASDAQ:SKYQ) Questions regarding this website may be sent to editor@hugealerts.com
Huge Alerts has received a payment of $300,000.00 from Sky Quarry (NASDAQ:SKYQ) for the marketing of Sky Quarry (NASDAQ:SKYQ) which services include the issuance of this release and other opinions that we release concerning ofSky Quarry (NASDAQ:SKYQ) Huge Alerts has not investigated the background of Sky Quarry (NASDAQ:SKYQ) Anyone viewing this newsletter should assumerSky Quarry (NASDAQ:SKYQ) or affiliates of Sky Quarry (NASDAQ:SKYQ) own shares of Sky Quarry (NASDAQ:SKYQ) which they plan to liquidate, and further understand that the liquidation of those shares may or may not negatively impact the share price. Huge Alerts has received this amount as a production budget for advertising efforts and will retain amounts over and above the cost of production, copywriting services, mailing and other distribution expenses as a fee for our services. As such, our opinion is neither unbiased nor independent, and you should consider that when evaluating our statements regarding Sky Quarry (NASDAQ:SKYQ)