Ecolomondo Expects To Soon Receive New Milling Line
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Montreal, QC, December 2, 2024 – TheNewswire – Ecolomondo Corporation (TSXV: ECM) (OTCQB: ECLMF) (the “Company” or “Ecolomondo”), a leading innovator in sustainable tire recycling technology, announces that it expects to soon receive its new milling line.
As previously announced, the Company was in the final stages of the commercialization of its Hawkesbury TDP facility when it discovered a major deficiency in its recovered carbon black milling line that was already installed. After numerous months of testing, the milling line was incapable to achieve the promised output of 1,600 lbs per hour of recovered carbon black (“rCB”) nor was it capable to yield a particle size of 10-15 microns, the particle size promised and required by most of the Company’s rCB off-takers.
The Company immediately undertook the necessary steps to select and purchase a replacement milling line capable of fulfilling the required output and particle size.
The new milling line will have the capabilities of milling 2,200 lbs per hour of rCB and produce the particle size of 10-15 microns, which should satisfy all of the Company’s rCB off-takers. Once the new milling line is operational, management believes it will be a major achievement to the commercial success of the Company.
The Company is proud to announce that the new milling line purchased is now built, inspected, paid and was shipped on November 24, 2024. It is scheduled to arrive at the Company’s Hawkesbury facility by early January 2025.
The Company is currently preparing to install the new milling line during the month of January, and expects to begin commissioning in February 2025.
“We are excited about our new milling line and look forward to begin supplying the needs of our rCB off-takers,”, said Jean-François Labbé, Interim CEO of the Company.
During 2024, the Company also worked on improvements in its other processes and recently announced another milestone in its tire shredding output. It believes that it is now capable to produce enough crumb rubber to supply 2 TDP reactors at full projected capacity of 15,000 lbs per batch for over 2 batches for each reactor every day.
About Ecolomondo Corporation
Ecolomondo Corporation, headquartered in Québec, is a Canadian cleantech company that takes pride in its proprietary Thermal Decomposition technology (TDP). It has a 25-year history and during this time has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high value re-usable commodities from scrap tire waste, notably rCB, oil, syngas, fiber and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol (TSXV:ECM) and in the United States under the symbol (OTCQB:ECLMF). To learn more, visit www.ecolomondo.com
About the Hawkesbury Plant – A 2-Reactor TDP Facility
The Hawkesbury facility building is 46,200 sq.ft and has an indoor clearance of 28 feet. It is state-of-the-art and houses 3 main production departments, tire shredding, thermal decomposition and recycled carbon black refining. Once fully operational, this facility is expected to process over 1.5M of scrap tires per year and produce 4,500 MT of recovered carbon black, 5,400 MT of oil, 2,250 MT of steel, and to process 1,350 MT of process gas.
About the Shamrock Project – A 6-Reactor TDP Facility
Processing capabilities for the Shamrock facility is projected at 5 million end-of-life tires per year, yielding approximately 15,000 MT of recovered carbon black, 18,000 MT of oil, 7,500 MT of steel, and to process 4,500 MT of syngas; roughly three times the size of the Company’s Hawkesbury (Ontario) plant output that is expected to soon commence regular commercial operations. Facility construction is expected to begin by the third quarter of 2025 and projected to cost approximately US$93 million.
Our Mission, Vision & Strategy
Ecolomondo’s mission is to be a contributing participant in a dynamic Circular Economy and to increase shareholder value by producing and supplying large quantities of recovered resources to be re-used in the manufacture of new products.
Ecolomondo’s vision is to be a leading producer and reseller of recovered resources by building and operating TDP facilities, strategically located in industrialized countries, close to feedstock, labor and offtake clients.
Our strategy is to become a major global builder and operator of TDP turnkey facilities, for now specializing in the processing of ELTs. Our intent is to expand aggressively in North America and Europe. Our experience and modular technology should help us get there faster and better. We plan to keep performing ongoing research and development to ensure that Ecolomondo remains technologically advanced.
ISCC Certification
Environmental, Social & Governance (ESG)
On the social aspect the Company plans to measure global health and safety, injury rate and gender diversity, and finally in the corporate governance aspect, the Company is measuring ethics and anticorruption, ESG reporting and board independence.
About TDP
The TDP process is technically proven and more advanced than most other pyrolysis technologies. Over the years, our Technological teams were able to overcome all uncertainties that plagued most competitors especially in these areas: pre-filtration, reactor cooling, reactor rotation, water recycling, processing of rCB, (hydrocarbon removal), mass monitoring, heat curve development, humidity and water removal, safety testing, system automation, emissions control and monitoring.
TDP is Environmentally Friendly – CO2 Reduction
By producing rCB, TDP reduces GHG emissions by 90% versus the production of virgin carbon black. The production of rCB at the Hawkesbury and Shamrock facilities are expected to reduce CO2 emissions by 15,000 and 45,000 tons per year, respectively.
Please follow Ecolomondo on Twitter, Facebook, LinkedIn, Instagram and YouTube.
Facebook: https://www.facebook.com/EcolomondoECM
LinkedIn: https://www.linkedin.com/company/ecolomondo/
Instagram: https://www.instagram.com/ecolomondoecm/
YouTube: https://www.youtube.com/@Ecolomondo
Ecolomondo Corporation Contact
JF Labbé
Interim CEO, Ecolomondo
Tel: (450) 587-5999
jflabbe@ecolomondocorp.com
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.