Montreal, QC, October 25, 2021- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the development of proprietary recycling technology, Thermal Decomposition Process (“TDP”), and the commercialization of turnkey TDP facilities, is pleased to announce it has received its Environmental Compliance Approvals (“ECAs”) from the Ontario Ministry of Environment, Conservation and Parks (“MECP”) to operate its Hawkesbury, Ontario TDP facility used to transform end-of-life tires into recycled carbon black and other renewable commodities.
The receipt of the MECP approvals for waste, storm water management, air and noise brings Ecolomondo into full compliance with all required environmental standards, completing another major step towards the commissioning of the Hawkesbury plant. The state-of-the-art facility is equipped with the latest emissions control technology, including real-time emissions measuring, scrubbing units for removal of contaminants and ground flares, all with an intelligent burner management system to ensure a clean burn to avoid nitrogen oxide (NOx) and sulphur oxide (SOx).
“These approvals, along with our recently announced multi-year tire feedstock supply contract (and $3.4M associated revenue), are incredible achievements by the Company as we near commercialization,” said Eliot Sorella, Ecolomondo’s Chairman and Chief Executive Officer. “Ecolomondo will play a fundamental role in the processing of hydrocarbon waste and resource recovery, emerging as a dominant player in the circular economy and future sustainability efforts.”
Robustly designed to efficiently handle large quantities of end-of-life tire feedstock, the 46,200-square foot building boasts impressive indoor clearance of 28 feet and consists of four different departments: shredding, thermal process, recovered carbon black processing and oil distillation. The plant is expected to process a minimum of 14,000 tons of tire waste per year, producing 5,300 tons of recycled carbon black, 42,700 barrels of oil, 1,800 tons of steel, 850 tons of fiber and 1,600 tons of syngas.
The Hawkesbury TDP turnkey waste processing facility:
Visit the Company’s website to view and learn more about the TDP facility.
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 salable end-products including carbon black substitute, 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.
The securities offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
For further information please contact:
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
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