ECM:CC - Ecolomondo Announces New Hawkesbury TDP Facility Manager
(TheNewswire)
Montreal, QC – TheNewswire- November 7, 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 andoperating of turnkey TDP facilities globally, today announces theappointment of its new manager to oversee and lead the operations ofthe newly constructed Hawkesbury TDP facility .
The Company invested over $42 million in theconstruction of this 2-reactor TDP facility in Hawkesbury, Ontario,that is expected to process 14,000 tons of scrap tires per year toproduce 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.Revenue streams of the Hawkesbury facility will come from the sale ofthe recovered end-products, more precisely carbon black, oil, steeland fiber, while the syngas will be consumed in the process.
The Company is pleased to announce that Mr. Hari K.Mynampati will be the new facility manager for its Hawkesbury TDPfacility. Mr. Mynampati brings with him extensive experience in thecarbon black industry. He worked in multiple roles in the carbon blackindustry for more than 12 years, including 1½ years at Ecolomondo as Global Sales Director, End-Products.
Mr. Mynampati started his career as Engineer atPhillips Carbon Black Limited and subsequently in multiple productionroles. While still working for Phillips Carbon, he became a ChangeManagement Champion for manufacturing excellence. He became Head ofInternational Sales & Marketing with another large carbon blackproducer, A.T. Inks, and then returned in this role to Phillips CarbonBlack. Hari completed a Bachelor of Engineering at the SaurashtraUniversity and an Executive General Management program at theInternational Management Institute.
Mr. Mynampati will supervise the start-up and thebeginning of operations of the Hawkesbury plant. In particular, hewill complete the production and maintenance teams and put in placeprotocols and processes, including ISO, ISCC and ESG programs. He willbe responsible to ensure a steady supply of scrap tire feedstock anddeliveries of quality end-products to clients. Ecolomondo will thusbenefit from his experience in quality assurance and commercializationin the carbon black industry, as well as establishing long termbusiness relationships.
“Having worked with him for over 1½ years, Hari is an exceptional candidate for the position ofFacility Manager. Seconded by André Lamarre, the current OperationsManager, I am confident that the Hawkesbury facility will have aneffective management team”, says EliotSorella, Ecolomondo’s Chairman & CEO.
About Ecolomondo Corporation
Ecolomondo Corporation is a Canadian cleantech company headquarteredin Québec, Canada with an over 25-year history focused onwaste-to-resources technology development and deployment. Ecolomondohas developed the Thermal Decomposition Process (“TDP”), whichrecovers high-value circular commodities from end-of-life tires,including recovered carbon black (“rCB”), oil and steel. TDPlowers carbon emissions by up to 90% compared to the production ofvirgin carbon black. Ecolomondo has adopted a triple bottom lineapproach to business focused on people, planet and profit. Ecolomondo trades on the TSX Venture Exchange under thesymbol (TSXV:ECM) (OTC:ECLMF). To learn more, visit www.ecolomondo.com
Ecolomondo Corporation Contact
Eliot Sorella
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
esorella@ecolomondocorp.com
www.ecolomondo.com
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.
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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