Northstar Clean Technologies Inc. has signed a non-binding LOI (letter of intent) with Hamilton-Oshawa Port Authority (HOPA) subsidiary Great Lakes Port Management Inc. (GLPM) for a long-term lease of an industrial zoned property in Hamilton, Ontario for its planned Empower Hamilton Facility.
The LOI is for an initial term of 15 years, with three five-year extension options. Commercial terms are based on GLPM providing a suitable operating building for Northstar in addition to a four-acre site. Northstar selected the site because it considers HOPA “a strong partner with a significant development track record of supporting innovative investment opportunities.” The location, the company said, “has close proximity to major industry partners, is a favorable industrial land option with easy access to the ports and rail through [CN-served] Hamilton Container Terminals (HCT), and offers significant feedstock supply from Hamilton, Canada’s largest metropolitan area by population and the seventh largest metropolitan area in North America.
“We are excited to make our first public announcement regarding our expansion into Ontario,” said Northstar President, CEO and Director Aidan Mills. “The future site of the Empower Hamilton Facility, with our long-term landlord, HOPA, is an ideal location for our first commercial facility in Ontario and we look forward to making a meaningful difference to southern Ontario’s landfills by diverting between 40,000 to 80,000 tons of asphalt shingle waste every year. It has been a true pleasure collaborating with HOPA to secure this site, and we look forward to establishing a long-term partnership that brings mutual benefits for many years to come. While our primary focus remains on completing construction at our Empower Calgary Facility, we are happy to have completed our business development initiatives in southern Ontario. Having a location secured allows us to now commence permitting and government grant applications in early 2025, and to enter into advanced negotiations for feedstock and off-take agreements for the future Empower Hamilton Facility.”
“HOPA is proud to be enabling this circular economy innovation in Southern Ontario’s housing and construction sector,” said HOPA Ports President and CEO Ian Hamilton. “This new facility will be located on repurposed industrial lands, supported by HOPA’s extensive multimodal transportation assets.”
