Sky Quarry Inc., an integrated energy solutions company, has taken a significant step towards its planned Nasdaq listing by announcing the commencement of its Regulation A (Reg A) investment round. This development underscores the company's pioneering role in the waste-to-energy sector, particularly in recycling waste asphalt shingles. With a patented process that converts approximately 15 million tons of landfill-bound asphalt shingles annually into sustainable fuels and other materials, Sky Quarry is addressing a critical environmental issue while tapping into a potential $25 billion market by 2035.
The company's strategy includes the acquisition of key processing facilities, such as an advanced oil extraction facility in Utah and a 5,000 barrel-per-day oil refinery in Nevada, enabling end-to-end capabilities from waste processing to refining. The refinery alone generated over $50 million in revenue in 2023, showcasing the business model's viability. Sky Quarry's upcoming flagship extraction facility, set to launch in 2025, aims to produce up to 2,000 barrels of sustainable oil daily, further cementing its market position.
David Sealock, Chairman, CEO, and Co-founder of Sky Quarry, highlighted the company's unique approach to sustainable energy solutions. The Reg A offering, managed by Digital Offering, LLC, presents an opportunity for investors to contribute to Sky Quarry's growth. The capital raised will support expansion efforts and facilitate the Nasdaq listing, enhancing the company's visibility and access to capital markets.
Sky Quarry's innovative recycling process not only mitigates waste management challenges but also aligns with global sustainability goals by producing renewable energy sources. Its integrated business model serves as a potential blueprint for addressing similar environmental challenges across industries. As Sky Quarry moves closer to its Nasdaq listing, its progress could inspire further investment in sustainable technologies and waste-to-energy solutions, marking a significant step towards a more sustainable future.
