[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Juan Pablo Montero [@jpmontero88](/creator/twitter/jpmontero88) on x XXX followers Created: 2025-07-14 14:30:12 UTC 📌 $ROOF.V $ROOOF additional Insights to my all-in-one Investment Thesis 🦅COMPETITION Currently there is no real competition, most asphalt shingle recycling today is just mechanical grinding. Northstar is the first to fully separate components (bitumen, aggregate, fibres) using a patented thermo-chemical process. The closest potential competitor is $SKYQ (Sky Quarry), using solvents, but they haven’t built a pilot plant yet. IMO commercial output would not be before 4–5 years away (if they get there), by which time Northstar should be well ahead in scale and market position. Also, if Northstar achieves its target of XX plants by 2030, each processing ~40,000 tonnes/year, it would still recycle only about ~3,5% of the 16,5M tonnes of asphalt shingles discarded annually in North America. That means ~96,5% of the market remains untapped, highlighting the massive runway for growth and how early Northstar still is in capturing this circular economy opportunity. 💵 UNIT ECONOMICS As I shared earlier, the company estimates C$9.7M–C$19.4M in annual revenue per plant, depending on number of shifts and assuming XXX tons/day processing. They’ve stated C$232 in revenue per ton processed, which breaks down as follows: ✅Output (64%) ~ C$148 ---> Asphalt (95%) C$141 ---> Aggregate & Fiber C$7 They estimate 250kg of liquid asphalt per ton, implying a C$0,56/kg selling price. That’s conservative in my view — given that current US market prices range between US$0,55–0,65/kg (C$0,75–C$0,89): ✅ Tipping Fees (36%) ~ C$84 Again, conservative. For reference: ---> Calgary tipping fees: C$113/ton ---> Vancouver: C$150/ton XXXXX engagements  **Related Topics** [$adur](/topic/$adur) [$skyq](/topic/$skyq) [investment](/topic/investment) [$rooof](/topic/$rooof) [$roofv](/topic/$roofv) [Post Link](https://x.com/jpmontero88/status/1944766385059442723)
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Juan Pablo Montero @jpmontero88 on x XXX followers
Created: 2025-07-14 14:30:12 UTC
📌 $ROOF.V $ROOOF additional Insights to my all-in-one Investment Thesis
🦅COMPETITION Currently there is no real competition, most asphalt shingle recycling today is just mechanical grinding.
Northstar is the first to fully separate components (bitumen, aggregate, fibres) using a patented thermo-chemical process. The closest potential competitor is $SKYQ (Sky Quarry), using solvents, but they haven’t built a pilot plant yet. IMO commercial output would not be before 4–5 years away (if they get there), by which time Northstar should be well ahead in scale and market position.
Also, if Northstar achieves its target of XX plants by 2030, each processing ~40,000 tonnes/year, it would still recycle only about ~3,5% of the 16,5M tonnes of asphalt shingles discarded annually in North America. That means ~96,5% of the market remains untapped, highlighting the massive runway for growth and how early Northstar still is in capturing this circular economy opportunity.
💵 UNIT ECONOMICS As I shared earlier, the company estimates C$9.7M–C$19.4M in annual revenue per plant, depending on number of shifts and assuming XXX tons/day processing.
They’ve stated C$232 in revenue per ton processed, which breaks down as follows: ✅Output (64%) ~ C$148 ---> Asphalt (95%) C$141 ---> Aggregate & Fiber C$7
They estimate 250kg of liquid asphalt per ton, implying a C$0,56/kg selling price. That’s conservative in my view — given that current US market prices range between US$0,55–0,65/kg (C$0,75–C$0,89):
✅ Tipping Fees (36%) ~ C$84 Again, conservative. For reference: ---> Calgary tipping fees: C$113/ton ---> Vancouver: C$150/ton
XXXXX engagements
Related Topics $adur $skyq investment $rooof $roofv