Montreal, QC, March 16, 2022 — Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and building and operating turnkey TDP facilities globally, announces that it has secured an offtake agreement for up to 80% of its Recovered Carbon Black (rCB) production from the Company’s Hawkesbury TDP facility.
The initial purchase order is for 8 truckloads of rCB totalling 181 metric tons for delivery in April and May 2022, followed by 10 truckloads per month and growing to 20 monthly over the next year. The Hawkesbury TDP plant has an estimated annual rCB production capacity of 5,300 tons having a potential value of over US$7 million at the current market price. Recovered carbon black is produced by processing end-of-life tires using Ecolomondo’s proprietary pyrolysis process. The market for rCB is rapidly growing, as rCB is considered as a favorable substitute for virgin carbon black due to its exceptional chemical composition and its low environmental footprint.
“This Agreement solidifies the fact that the manufacturing industry is actively embracing rCB as a sustainable means to ensure steady supply of a high-demand resource,” stated Eliot Sorella, Chairman & CEO. “Our trendsetting technology, along with our dedication to product quality, are clearly resonating with buyers and helping to position Ecolomondo as a leading supplier of rCB.”
Comprised of four different processing departments (Tire Shredding, Thermal Processing, Recovered Carbon Black and Oil Fractionation), the Hawkesbury TDP facility is expected to process a minimum of 14,000 tons of tire waste per year when fully operational, producing 5,300 tons of recovered carbon black, 42,700 barrels of oil, 1,800 tons of steel, 1,600 tons of process gas and 850 tons of fiber when operating at full capacity.
About TDP Technology
Thermal Decomposition Process technology is a proprietary waste-to-resources technology that the Company expects will play a critical role in the development and proliferation of the circular economy. TDP is a closed loop, slow pyrolysis technology that operates in an oxygen-free environment using positive pressure and a batch rotary reactor. The process is largely energy self-sufficient. Ecolomondo’s exclusive automation system allows for strict control of cycle times, processing parameters and consistent batch production, resulting in quality, commercial-grade recycled commodities and end-products.
About Ecolomondo Corporation
Ecolomondo is a Canadian cleantech company specializing in the commercialization of its waste-to-products operations and proprietary TDP technology. With 25+ years of industry experience and a track record of establishing strong circular economy partnerships, the Company is strategically positioned to become a major global vendor of turnkey TDP facilities that convert hydrocarbon waste into saleable end-products including recycled carbon black, oil, gas and steel.
Revenue growth will come from the sale of fully-automated and energy self-sufficient TDP facilities and royalties from the sale of end-products, tipping fees and carbon credits. Ecolomondo’s initial focus is to aggressively market TDP facility expansion throughout North America, as management has been speaking with numerous public and private sector industry groups looking for breakthrough solutions extending across the entire product management and processing lifecycle.
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward- looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
For further information please contact:
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.