Montreal, QC, March 29, 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 the building and operating of turnkey TDP facilities globally, today announced that the three major processing departments at the Hawkesbury TDP facility have completed pre-commissioning and have entered into final commissioning.
- Tire Shredding line – final commissioning is complete and initial operation runs to begin first week of April.
- Recovered Carbon Black line – pre-commissioning was completed at the end of February and the line is undergoing final commissioning and expected to be completed in the second week of April.
- Thermal Processing line – pre-commissioning began late-February and is now complete, final commissioning is underway and expected to be completed by the second week of April 2022 with trial runs to commence soon thereafter.
- Automation interfacing with all processing control panels is going according to schedule and should be completed by the second week of April.
The Company expects to begin preliminary operations in the next 3 to 4 weeks, gradually ramping up to full production volumes over 10 to 12 weeks. Full production is defined by the company as 3 shifts operating the plant on a continuous basis. As recently announced the company has received a combination of purchase orders and off-take agreements’ for the high-quality oil, recovered carbon black and steel that will be produced at the Hawkesbury TDP facility.
“We are extremely close to beginning operations at our state-of-the-art Hawkesbury TDP facility, ramping up production is the main focus of the entire technical team,” said Eliot Sorella, Chairman and CEO. “Having secured a long-term agreement for tire supply and offtake agreement recently announced for 80% of the rCB that will be produced at Hawkesbury, places Ecolomondo in an enviable position.”
Investor Update Webinar
The company plans to provide a comprehensive update on recent developments and near-term achievements. An investor Q&A session will follow the update. Eliot Sorella, Chairman and CEO will attend this session.
When: April 19, 2022, at 4:30 PM EST
You can register for the webinar by following the link below.
For those unable to attend a recorded version of the presentation will be available afterwards on YouTube and a link will be sent to everyone who registered.
The company will soon announce the dates to host site visits at the Hawkesbury TDP facility for industry stakeholders, investment analysts and media expected to take place by early May of 2022. Interested parties are encouraged to contact the company directly at firstname.lastname@example.org.
Hawkesbury TDP Facility Production Breakdown:
Primary feedstock for the Hawkesbury plant is a mix of 20 percent light truck tires and 80 percent passenger tires that are automatically off-loaded into the plant’s three-bay reception area in real time and pneumatically conveyed to the plant’s indoor shredding and crumb rubber processing department.
Scrap tires are initially downsized in a primary shredder and passed through two raspers reducing the material to crumb rubber granulate which is fed into a third rasper. The resulting 10-20 mesh crumb is 99 percent steel and fiber free. Finished crumb rubber is conveyed and top loaded into a five-day capacity holding tank. A screw conveyor at the bottom of the tank feeds the crumb rubber feedstock to an elevated feed system which loads the material into 1,000 cu. ft. thermal processing reactors. Recovered carbon black is vacuumed out the side of the reactor. Recovered oil and gas are separated and processed separately into syngas and high-quality marketable oil products.
Comprised of four different processing departments (Tire Shredding, Thermal Processing, Recovered Carbon Black and Oil Fractionation), the 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 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 builder and operator 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 building and operations of fully automated and energy efficient TDP facilities. 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 for processing hydrocarbon waste.
For further information please contact:
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
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.
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.