Governments all over the world are pushing for a greener future. The U.S. wants to cut emissions by up to 52% by 2030. Europe says it’ll cut emission by up to 55% by 2030. China says it will stop releasing CO2 in the next 40 years. Helping, companies like Northstar Clean Technologies (TSXV: ROOF) (OTCQB: ROOOF), which is focused on the sustainable recovery and reprocessing of asphalt shingles, is diverting asphalt shingles from landfills, extracting the liquid asphalt, fiber and aggregate for re-purposed usage.
In addition, as noted by Future Market Insights, the global asphalt shingles market could reach nearly $9.2 billion this year and $13.3 billion over the next 10 years. “The asphalt shingle industry is set to rise due to the growing awareness of energy efficiency, as reflective coatings or cool roof technologies reduce energy use. Building rules and regulations that emphasize safety, durability, and energy efficiency can influence the acceptance of these roofing materials,” they added.
Other companies that could benefit include Owens Corning (NYSE: OC), Builders FirstSource Inc. (NYSE: BLDR), Lowe’s Companies Inc. (NYSE: LOW), and Home Depot Inc. (NYSE: HD).
Look Closer at Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF)
Northstar Clean Technologies Inc. commenced its video series of construction updates for its asphalt shingle reprocessing facility in Calgary, Alberta.
Mr. Aidan Mills, President & CEO and Director of Northstar, stated, “I have presented a vision for Northstar over the past three years that included the delivery of our first commercial facility and I’m very excited to say that this vision is now being realized with the construction of the Empower Calgary Facility.
As part of the construction and commissioning process for the facility, we will now commence a video series to communicate progress on the program. In the first of these videos, we show two important milestones: (1) the arrival of long lead items for the facility, and (2) the installation of the concrete slab for the Empower Calgary Facility’s building. The first update is available on the Company’s YouTube channel at the link below:
https://youtu.be/5Od5cCUIA2E
Other related developments from around the markets include:
Owens Corning announced that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on November 4, 2024, to shareholders of record as of October 18, 2024.
Builders FirstSource Inc. announced that as part of a planned succession, its Board of Directors has named Peter Jackson, Chief Financial Officer, as the Company’s next President & Chief Executive Officer and member of its Board of Directors, effective November 6, 2024. Mr. Jackson will succeed Dave Rush, who has served as CEO since November 2022 and is retiring after 25 years of dedicated service to the Company. Mr. Rush will remain on the Builders FirstSource Board of Directors and continue as a special advisor to ensure a smooth transition.
The board of directors of Lowe's Companies, Inc. declared a quarterly cash dividend of one dollar and 15 cents ($1.15) per share, payable Nov. 6, 2024, to shareholders of record as of Oct. 23, 2024.
Home Depot recently reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), which represents approximately six weeks of sales in the quarter. Comparable sales for the second quarter of fiscal 2024 decreased 3.3%, and comparable sales in the U.S. decreased 3.6%.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Northstar Clean Technologies Inc by Northstar Clean Technologies Inc. We own ZERO shares of Northstar Clean Technologies Inc Please click here for disclaimer.
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