As per the deal, signed in November, each firm will be responsible for establishing a commercial process to collect oil in asphalt shingles and subsequently recycle the hydrocarbons into a reusable alternative energy source.
Freedom Energy will collaborate with AIIA to commercially develop this process which will recycle the shingles and extract the oil out of the shingles.
Freedom Energy and AIIA will in turn supply over 70 tons of recycled asphalt shingles to AES.
The process will be utilizing a version of Freedom Energy’s proprietary KC 9000 technology, which has been specifically developed to break down the shingle and separate the oil from the other aggregates.
AES will be responsible for taking the separated oil and processing it into a recycled alternative energy source.
