ECLMF - Ecolomondo Initiates TDP Facility Expansion into US With Shamrock Texas Site Selection
(TheNewswire)
Binding Agreementfor 136 Acre Land Purchase Underway With Help From Shamrock EconomicDevelopment Corporation
Montreal, QC – TheNewswire- November 30, 2021-- Ecolomondo Corporation ( TSXV:ECM) (OTC:ECLMF) (the“ Company ” or “ Ecolomondo ”), a cleantech companyspecializing in the development of proprietary recycling technology,Thermal Decomposition Process (“ TDP ”), and thecommercialization of turnkey TDP facilities, today announced it hasidentified a 136.76 acre property in Shamrock, Texas as a potentialsite location to build its first US-based waste-to-resources TDPplant.
Working in close consultation with the ShamrockEconomic Development Corporation (“EDC”), Ecolomondo is currentlynegotiating a binding land purchase agreement and expects to close onthe transaction in the coming weeks. The Company intends to build turnkey TDP recycling facilities throughout theUnited States that process end-of-life tires (“ ELT ”) into saleableproducts including recycled carbon black, oil, gas, steel andfiber.
Strategically situated in Wheeler County and close tomajor hubs such as Dallas and Oklahoma City, the land is convenientlylocated on Interstate 40, a major east–west Interstate Highwayrunning through the south-central portion of the United States. Afuture TDP facility would help service area recycling needs asmunicipal and state officials move away from tire burning, landfillingand shredding.
“ Industry executives andgovernments throughout North America are embracing the notion ofExtended Producer Responsibility programs, but need solutions in placeto take back and responsibly recycle end-of-of-life products,”s aid Eliot Sorella, Chairman and Chief ExecutiveOfficer of Ecolomondo “ Forward thinkingleaders like Shamrock’s EDC are acting both smartly and responsiblyas they consider and push for positive change and increased economicactivity. We plan to be a great partner to Shamrock and surroundingcommunities.”
The planned land purchase and TDP facility constructionin Shamrock, TX marks the start of a key commitment in Ecolomondo’sstrategic plans to expand its waste management operations globally andaggressively. The Company’s Hawkesbury,Ontario TDP turnkey facility will soon be commissioned and willincorporate all of the technological advancements developed at thePilot facility in Contrecoeur, Quebec, Canada.
Additional updates on the Texas land purchase andfacility will be forthcoming. The Company will take all appropriatesteps to notify the Market and shareholders as events occur. Visit the Company’s website at www.ecolomondo.com to learnmore.
About TDP Technology
Thermal Decomposition Process technology is a proprietarywaste-to-resources technology that the Company expects will play acritical role in the development and proliferation of the circulareconomy. TDP is a closed loop, slow pyrolysis technology that operatesin an oxygen-free environment using positive pressure and a batchrotary 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 specializing in thecommercialization of its waste-to-products operations and proprietaryTDP technology. With 25+ years of industry experience and a trackrecord of establishing strong circular economy partnerships, theCompany is strategically positioned to become a major global vendor ofturnkey TDP facilities that convert hydrocarbon waste into saleableend-products including recycled carbon black, oil, gas andsteel.
Revenue growth will come from the sale offully-automated and energy self-sufficient TDP facilities androyalties from the sale of end-products, tipping fees and carboncredits. Ecolomondo’s initial focus is to aggressively market TDPfacility expansion throughout North America, as management has beenspeaking with numerous public and private sector industry groupslooking for breakthrough solutions extending across the entire productmanagement and processing lifecycle.
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 please contact:
Eliot Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
esorella@ecolomondocorp.com
www.ecolomondo.com
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