ECLMF - Ecolomondo Announces Initial Purchase Order for Tire Pyrolysis Oil from Global Specialty Chemical Producer
(TheNewswire)
Montreal, QC, March 14, 2022 -- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “ Company ” or“ Ecolomondo ”), a cleantech company specializingin the commercialization of its proprietaryrecycling technology, Thermal Decomposition Process (“ TDP ”),and building and operating turnkey TDPfacilities globally. In preparation for continued operations at itsHawkesbury facility, the Company announces an initial purchase orderfrom a multinational corporation for pyrolysis oil produced fromrecovered end-of-life tires.
The initial purchase order is for a full tankercarrying 262 barrels of tire pyrolysis oil, having a value ofapproximately US$25,000. The Hawkesbury TDP plant has an estimatedannual production capacity of 42,700 barrels that should result inrevenues of approximately US$4 Million. Hawkesbury’s state-of-the-art facility contains a novel oilfractionation system, engineered to deliver different types ofhigh-value end products to clients depending on their particularneeds.
“Customer demand for circular commodities continuesto rise as we work toward bringing our Hawkesbury TDP facility tocontinuous production,” said Eliot Sorella, Chairman and CEO. “Ibelieve this initial order will lead to additional orders and along-term relationship with this client”, further stated EliotSorella.
Comprised of four different processing departments(shredding, thermal processing, reco vered carbonblack processing and oil fractionation), the Hawkesbury TDP facilityis expected to process a minimum of 14,000 tons of tire waste per yearwhen fully operational, producing 5,300 tons of recovered carbonblack, 42,700 barrels of oil, 1,800 tons of steel, 1,600 tons ofprocess gas and 850 tons of fiber when operating at fullcapacity.
About TDP Technology
Thermal Decomposition Process technology is aproprietary waste-to-resources technology that the Company expectswill play a critical role in the development and proliferation of thecircular economy. TDP is a closed loop, slow pyrolysis technology thatoperates in an oxygen-free environment using positive pressure and abatch rotary reactor. The process is largely energy self-sufficient.Ecolomondo’s exclusive automation system allows for strict controlof cycle times, processing parameters and consistent batch production,resulting in quality, commercial-grade recycled commodities andend-products.
About Ecolomondo Corporation
Ecolomondo is a Canadian cleantech company specializingin the commercialization of its waste-to-products operations andproprietary TDP technology. With 25+ years of industry experience anda track record of establishing strong circular economy partnerships,the Company is strategically positioned to become a major globalbuilder and operator of turnkey TDP facilities that converthydrocarbon waste into saleable end-products including recycled carbonblack, oil, gas and steel.
Revenue growth will come from the building andoperations of fully-automated and energy-efficient TDP facilities.Ecolomondo’s initial focus is to aggressively market TDP facilityexpansion throughout North America, as management has been speakingwith numerous public and private sector industry groups looking forbreakthrough solutions for processing hydrocarbon waste.
Cautionary NoteRegarding Forward Looking Statements
The information in this news release includes certaininformation and statements about management’s view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to significant risks and uncertainties. Because of these risksand uncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by theseforward-looking statements. Although Ecolomondo believes that theexpectations reflected in forward looking statements are reasonable,it can give no assurance that the expectations of any forward-lookingstatements will prove to be correct. Except as required by law,Ecolomondo disclaims any intention and assumes no obligation to updateor revise any forward-looking statements to reflect actual results,whether as a result of new information, future events, changes inassumptions, changes in factors affecting such forward-lookingstatements or otherwise.
For further information pleasecontact:
Eliot Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
esorella@ecolomondocorp.com
www.ecolomondo.com
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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