Sky Quarry says its ECOSolv process recovers up to 95% of material and recycles up to 99% of its solvent.
Sky Quarry
venture active confidence: Medium status: Draft updated 2026-07-14
Summary
Sky Quarry (NASDAQ: SKYQ) is a Utah company recovering bitumen from used asphalt shingles and pursuing Utah oil sands at PR Spring (official website). Recycling already-extracted petroleum is the defensible circular-economy case; digging new oil sands is not.
Impact
The shingle recycling case is concrete: used asphalt shingles contain recoverable bitumen, fiberglass, mineral granules, and additives, and most discarded shingles still go to landfill. Extracting that bitumen is a genuine circular-economy opportunity — recovering a fossil-derived product already extracted and refined, rather than extracting it again from the ground.
The oil sands extraction side of the business reduces the net-positive framing: extracting fresh heavy oil from PR Spring's tar sands is additional fossil fuel production, not circular recovery. The two operations coexist at the same facility for economic reasons — the oil sands processing is the revenue anchor while shingle recycling volumes build.
What They Are Building
Sky Quarry is building the PR Spring integrated facility using its ECOSolv solvent-extraction process. ECOSolv dissolves bitumen from both shingle feedstocks and oil sands material using a recoverable solvent, separating the bitumen from fiber, aggregate, and mineral matrix. The solvent is then recovered and recycled back into the process. The technical challenge is handling heterogeneous feedstocks — used shingles vary significantly by manufacturer, age, and regional formulation — while maintaining solvent recovery rates high enough for the economics to work.
What They Need Now
Chemical and process engineers interested in circular-economy applications; environmental and permitting specialists familiar with Utah's oil and gas regulatory environment; and investor relations and public market communications support for a small-cap resource company navigating both a new permit process and an evolving climate-disclosure environment.
Who Could Help
State and county permitting contacts in Utah's oil and gas regulatory structure; asphalt shingle manufacturers and waste management companies willing to partner on feedstock supply chains; roofing industry associations that could structure take-back programs; and road construction OEMs that could close-loop recovered bitumen directly into paving operations.
Utah Context
PR Spring sits in the Uinta Basin in eastern Utah — the same region that contains Utah's oil sands and some of its most contested energy development history. Utah's regulatory environment for oil and gas is generally permissive, but social license for oil sands extraction in the basin has a fraught history that predates Sky Quarry.
The Woods Cross headquarters places the company in the North Salt Lake / Davis County industrial corridor adjacent to refineries and heavy industry — appropriate for a company whose products are bitumen and road-grade asphalt.
Evidence
See Also
- Ionic MT — another Utah materials company with a domestic supply chain thesis and an eastern Utah resource base.
Open Questions
- What is the current status of the PR Spring recycling permit?
- What are ECOSolv's independently verified material recovery and solvent recycling rates at operational scale, as opposed to company-reported figures?
- How does the oil sands extraction volume compare to the shingle recycling volume in the facility design, and what is the revenue split?
- What is the current share float, market cap, and runway for a small-cap public company at this development stage?
- Does Sky Quarry have binding shingle feedstock supply agreements, or is the waste supply chain still uncontracted?