Montreal, QC, March 14, 2022 -- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its proprietary recycling technology, Thermal Decomposition Process (“TDP”), and building and operating turnkey TDP facilities globally. In preparation for continued operations at its Hawkesbury facility, the Company announces an initial purchase order from a multinational corporation for pyrolysis oil produced from recovered end-of-life tires.
The initial purchase order is for a full tanker carrying 262 barrels of tire pyrolysis oil, having a value of approximately US$25,000. The Hawkesbury TDP plant has an estimated annual production capacity of 42,700 barrels that should result in revenues of approximately US$4 Million. Hawkesbury’s state-of-the-art facility contains a novel oil fractionation system, engineered to deliver different types of high-value end products to clients depending on their particular needs.
“Customer demand for circular commodities continues to rise as we work toward bringing our Hawkesbury TDP facility to continuous production,” said Eliot Sorella, Chairman and CEO. “I believe this initial order will lead to additional orders and a long-term relationship with this client”, further stated Eliot Sorella.
Comprised of four different processing departments (shredding, thermal processing, recovered carbon black processing 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 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.
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:
Eliot Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
esorella@ecolomondocorp.com
www.ecolomondo.com
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.
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