Sky Quarry
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Waste Reduction
- Resource Conservation
- Sustainable Energy
Environmental Achievements
- Developed a patented ECOSolv technology with a material recovery rate up to 95% and recycles up to 99% of its solvent and recovers up to 99% of hydrocarbons.
- Aims to be carbon neutral by 2034.
Social Achievements
- Launched a waste shingle offset program for homeowners.
- Created over 7000+ investor base through crowdfunding.
Governance Achievements
- Preparing for a public offering and planned NASDAQ listing.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2034.
Medium-term Goals:
- Increase Eagle Springs Refinery production to 1 million barrels of sustainable oil per year.
Short-term Goals:
- Complete retrofitting and commissioning of PR Spring facility in 2025.
- Establish multiple smaller processing facilities nationwide.
Environmental Challenges
- Retrofitting of PR Spring facility is ongoing (60% complete in 2023, commissioning to start in 2025).
- Securing sufficient waste asphalt shingle feedstock.
Mitigation Strategies
- Establishing smaller self-contained facilities nationwide to process asphalt shingle waste.
- Developing a waste shingle offset program.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Carbon credit generation
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 9 (Industry, Innovation, and Infrastructure)
- SDG 11 (Sustainable Cities and Communities)
- SDG 12 (Responsible Consumption and Production)
- SDG 13 (Climate Action)
Sky Quarry's activities contribute to these goals through sustainable waste recycling, renewable energy production, and reduced greenhouse gas emissions.
Sustainable Products & Innovation
- Recycled asphalt oil, granules, sand, and limestone powder.
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Sustainability
- Waste Reduction
- Emissions Reduction
- Resource Conservation
- Energy Transition
Environmental Achievements
- Developed a technology to recycle waste asphalt shingles, reducing landfill waste and recovering valuable materials.
- Aims to be carbon neutral by 2034.
Social Achievements
- Launched a waste shingle offset program for homeowners.
- Created over 7,000 jobs through crowdfunding.
Governance Achievements
- Publicly traded on NASDAQ since October 10, 2024.
Climate Goals & Targets
Medium-term Goals:
- Achieve carbon neutrality by 2034.
Short-term Goals:
- Deploy additional front-end units by 2026 to process 400-500k tons of asphalt shingle feedstock.
Environmental Challenges
- Scaling operations to meet the large market opportunity.
- Securing sufficient feedstock supply chains.
Mitigation Strategies
- Establishing smaller self-contained facilities nationwide.
- Developing a waste shingle offset program.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Carbon credit generation
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 9 (Industry, Innovation, and Infrastructure)
- SDG 11 (Sustainable Cities and Communities)
- SDG 12 (Responsible Consumption and Production)
- SDG 13 (Climate Action)
Sky Quarry's activities contribute to these goals by reducing landfill waste, recovering valuable materials, and generating renewable energy.
Sustainable Products & Innovation
- Recycled asphalt shingle materials