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. Every year a staggering 15 million tons of waste asphalt shingles are dumped into North American landfills where they take a hundred years to dissolve. This waste is equivalent to 20 million barrels of oil!
One small cap company going underfollowed on the NASDAQ called Sky Quarry Inc. (SKYQ) has looked at this problem as a lucrative opportunity. SKYQ's mission is to conserve and recycle this material, decrease landfill waste, reduce emissions, and to capitalize on long term, waste-to-energy sustainability. All while building shareholder value!
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. 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.
What makes SKYQ stand out? The company's proprietary ECOSolv technology has a material recovery rate up to 95% & recycles up to 99% of its solvents and recovers up to 99% of hydrocarbons!
As state ordinances and environmental regulations continue to prioritize waste diversion, SKYQ is poised to become one of the few viable options for shingle waste disposal! In 2025, the company plans to open its flagship extraction facility, which has the potential to produce up to 2,000 barrels of oil per day!
See how SKYQ is an energy company unlike any other out there and needs to be on your radar!
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