Sky Quarry Innovates to Balance Oil Demand and Environmental Sustainability

Sky Quarry Inc. is addressing the persistent demand for oil with an environmentally sustainable solution. The clean energy company is converting discarded asphalt roofing shingles into a valuable energy source, potentially transforming the oil production landscape. With oil demand rebounding to pre-COVID levels, driven by continued consumer spending and a surge in U.S. manufacturing, Sky Quarry's innovation is timely.

Annually, approximately 15 million tons of asphalt shingles end up in landfills, taking up to 300 years to decompose. These shingles contain about 25% asphalt bitumen oil, equivalent to 20 million barrels of oil being wasted each year. Sky Quarry's technology could reclaim this oil, supporting the U.S. quest for sustainable energy and bolstering the manufacturing boom.

Sky Quarry's efforts are further supported by the $65 billion Infrastructure Bill passed in November 2021, which allocates funds for repairing roads and bridges, necessitating substantial amounts of asphalt bitumen. The company utilizes its PR Spring facility in Utah, acquired for $3.5 million, a fraction of its $50 million construction cost. This facility, along with the Eagle Springs Refinery in Nevada, positions Sky Quarry to process 4,500 to 5,000 barrels of bitumen oil daily.

At these facilities, Sky Quarry employs its patent-protected ECOSolv technology to recover bitumen from discarded shingles. The process includes mixing waste asphalt shingles with a proprietary solvent, separating the bitumen, and capturing the solvent for reuse. This efficient method not only maximizes resource recovery but also aligns with environmental stewardship principles, appealing to investors focused on responsible industry practices.

Sky Quarry's potential impact is significant. The company's oil sands resource is estimated at over 180 million barrels, more than half of the current U.S. Strategic Petroleum Reserve. This vast resource, combined with Sky Quarry's innovative recycling technology, positions the company to meet growing petroleum product demands sustainably.

The clean energy sector is seeing increased mergers and acquisitions, with $9 billion in energy-related takeovers in 2022 alone. Sky Quarry's technology could position the company for a profitable exit, similar to the $4.1 billion acquisition of Archaea Energy by BP PLC. If widely adopted, Sky Quarry's approach could revolutionize the asphalt industry and contribute to a greener future.

In conclusion, Sky Quarry Inc.'s innovative approach to converting waste asphalt shingles into a sustainable energy source addresses the ongoing demand for oil while promoting environmental sustainability. This development holds promise for the energy and manufacturing sectors, offering a potential profitable investment opportunity and advancing the global transition to greener energy solutions.