Payment schedule

Northstar Receives Second Government Grant of $100,000 from Alberta Innovates for Engineering Costs of Empower Calgary Facility

Retrieved on: 
Wednesday, April 24, 2024
AB, Research, Bioenergy Program, Crown, Engineering, MRP, Front-end engineering, Alberta Innovates, FEED, Payment schedule

The Company received approval in March 2022 for a non-repayable $200,000 grant for the direct engineering costs of the Calgary Empower Facility under Alberta Innovates' Bioenergy Program.

Key Points: 
  • The Company received approval in March 2022 for a non-repayable $200,000 grant for the direct engineering costs of the Calgary Empower Facility under Alberta Innovates' Bioenergy Program.
  • Mr. Aidan Mills, President & CEO and Director of Northstar, stated, "Alberta Innovates was the first public organization to support Northstar – recognizing the potential of and providing funding for the engineering of our first-of-its-kind facility.
  • Having now completed the detailed design phase of our Empower Calgary Facility, and having Alberta Innovates recognize this accomplishment with their second government grant is very complimentary to the Company.
  • The support of Alberta Innovates has been very welcome, and we look forward to delivering our first commercial facility that merits their support."

Northstar Secures Grant Funding from Alberta Innovates for Engineering Costs of Calgary Scale Up Facility

Retrieved on: 
Tuesday, March 29, 2022
International investment agreement, Company, Heart, Alberta Innovates, Forward-looking statement, Separation process, MRP, Payment schedule, Multimedia, Legislation, Coronavirus, Board, SEDAR, Research, Risk, Bioenergy Program, Milestone, CEO, Health, Carbon, Government, View, Prospectus, Industry, Technology, Director, Entrepreneurship, COVID-19, GHG, Engineering, Water, Crown, Asphalt, Oil, Borosilicate glass, Risk management, BC

Alberta Innovates reviewed Northstar's application and approved a total of $200,000 in funding towards the estimated $675,000 of direct engineering costs.

Key Points: 
  • Alberta Innovates reviewed Northstar's application and approved a total of $200,000 in funding towards the estimated $675,000 of direct engineering costs.
  • Northstar is required to use this funding to pay for a portion of the engineering costs for its planned expanded-capacity asphalt shingle reprocessing scale up facility in Calgary ("Calgary Empower Facility"), which was previously announced on March 17, 2022.
  • We expect this level of government support to continue covering costs with both the Calgary Empower Facility and future planned facilities.
  • Our Calgary Empower Facility is expected to build on the Empower Pilot Facility through the engineering design study that Alberta Innovates has generously supported through its Bioenergy Program.