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NORTHSTAR RECEIVES ERA APPROVAL FOR GRANT FUNDING MILESTONE FOLLOWING COMPLETION OF DETAILED ENGINEERING DESIGN
NORTHSTAR RECEIVES ERA APPROVAL FOR GRANT FUNDING MILESTONE FOLLOWING COMPLETION OF DETAILED ENGI...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n \n \n \n NORTHSTAR RECEIVES ERA APPROVAL FOR GRANT FUNDING MILESTONE FOLLOWING COMPLETION OF DETAILED ENGINEERING DESIGN\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n CALGARY, AB\n \n \n ,\n \n \n April 8, 2024\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce that it has received the Government of\n \n Alberta's\n \n TIER Fund approval through Emissions Reduction Alberta (\"ERA\") for the Company's formal submission related to the first milestone for the government grant (the \"ERA Grant\") following the completion of detailed engineering design for its planned asphalt shingle reprocessing facility in\n \n Calgary, Alberta\n \n (the \"Empower Calgary Facility\"). This is the first of four funding milestones for the Empower Calgary Facility as part of the executed contribution agreement, previously announced by the Company on\n \n July 31, 2023\n \n , of up to approximately\n \n C$7.1 million\n \n .\n \n \n \n \n \n \n \n \n \n The first milestone of the ERA Grant required the Company to meet the following requirements:\n \n \n \n Complete Detailed Design Basis, Process Flow Diagrams (\"PFD\"), Piping and Instrumentation Diagrams (\"P&ID\") and Heat and Material (\"H&M\") balance;\n \n \n Detailed drawings, data sheets and specifications 75% at Issued for Construction (\"IFC\") or Issued for Procurement (\"IFP\") stage;\n \n \n Detailed definition of required greenhouse gas measurement, monitoring and verifications (\"MMV\") required to ensure they are included in detailed design;\n \n \n Technical Transfer and Commercialization Plan to provide line of sight to path to commercialization and knowledge transfer;\n \n \n List of Procurement Packages; and\n \n \n Deposits placed on the critical project long lead items.\n \n \n \n As a result of ERA's approval, the payment for the first milestone has been submitted for processing and the Company expects to receive payment from ERA in the near future.\n \...