ECLMF - Ecolomondo Launches US Expansion Announcing Six-Reactor TDP Facility Build in Shamrock Texas
(TheNewswire)
Montreal, QC – TheNewswire- January 10, 2022 - Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “ Company ” or“ Ecolomondo ”), a cleantech company commercializing its proprietaryrecycling technology, Thermal Decomposition Process (“ TDP ”) andspecializing in the building and operation of turnkey TDP facilities,today announced plans to build and operate a six-reactor turnkey TDPfacility in Shamrock, Texas. This will be the Company’s firstUS-based waste-to-resources TDP plant capable of processing andrecycling end-of-life tires (“ ELT ”) into saleable recycled commercialresources for re-use.
Shamrock, Texas
The Company further announces that it has entered intoa binding land purchase agreement for a 136.76 acre parcel of land onI-40 in Shamrock, Texas, for the proposed plant construction. In thebinding agreement, the Shamrock Economic Development Corporation willpurchase the land and resell it to Ecolomondo for US $1.00 inconsideration for selecting Shamrock, TX, as the location for its USlaunch.
Production capabilities for the six-reactor facilitysuggest an estimated 50,000 metric tons of ELTs that could beprocessed each year, yielding approximately 15,900 metric tons ofrecovered carbon black (rCB), 128,100 barrels of oil, 5,400 metrictons of steel, 2,550 metric tons of fiber and 4,800 metric tons ofsyngas; roughly three times the size of the Company’s Hawkesbury(Ontario) plant output that will soon commence commercial operations.
The Shamrock facility will serve as the Company’sflagship into the US market. Coupled with the production capacity ofthe Hawkesbury (Ontario) facility, the Company will produce over21,000 metric tons of rCB per year that will be available to serve theNorth American market.
“We have worked diligently for many years to developand refine our technology and proprietary processes. Ecolomondo nowholds some of the most advanced commercially available technology andcapacity for processing ELTs,” said Eliot Sorella, President andChief Executive Officer of Ecolomondo. “We are extremely proud to beexpanding into the US with the goal toaggressively add new TDP facilities while focusing on triple bottomline benefits of looking after people, planet and profit.”
During the last 2 ½ years, Ecolomondo has been and isstill working closely with the Shamrock Economic DevelopmentCorporation to ensure long lasting local economy benefits take root.At peak production, the partners expect to create approximately 70direct and 140 indirect jobs, not to mention tens of millions ofeconomic benefits for the region.
Facility construction is expected to begin by the firstquarter of 2023 with completion expected by the mid 2024 and to have aprojected cost to build of approximately US $80 million.
The Company is currently in progressive discussions tosecure the required project financing and pursuing the selection of apotential joint venture partner.
Go-to-Market Strategy Update:
As Ecolomondo finalizes commercialization plans for itsHawkesbury (Ontario) TDP facility, the Company is turning focus towardinternational growth plans. Ecolomondo’s strategy is to become afull-service TDP facility operator and to be a global manufacturer andvendor of recycled resources: rCB, oil, steel, fibre, and syngas.
The Company believes that its knowledge and operationalexperience spanning over 25+ years in processing ELTs, to convertwaste into saleable end-products affords it a competitive advantage over the competition. The Company believes its experience tobuild and its ability to deliver TDP turnkey facilities in 12-18months due to the Company’s proprietary modular technology willallow the Company to build more facilities in less time and at a lowercost .
Ecolomondo’s strategy is to retain a controllinginterest in every US-based turnkey TDP facility that it builds throughits recently established US holding company , EcolomondoCorporation U.S.A. Inc. , a wholly-ownedsubsidiary of EcolomondoCorporation . The Company intends to work withlocal, state and federal authorities throughout the US to identifypossible future locations for turnkey TDP facilities with firstconsideration to feedstock availability, labor pool and other regionalbenefits.
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 and commercial-grade recycled commodities.
About Ecolomondo Corporation
Ecolomondo is a Canadian cleantech companycommercializing its proprietary recycling technology ( TDP ) and specializingin the building and operation of turnkey TDP facilities. With 25+years of industry experience and a track record of establishing strongcircular economy partnerships, the Company is strategically positionedto become a major global operator of turnkey TDP facilities thatconvert hydrocarbon waste into saleable end-products includingrecycled carbon black, oil, gas and steel.
Revenue growth will come from the operations offully-automated and energy self-sufficient TDP facilities and from thesale of end-products, tipping fees and carbon credits. Ecolomondo’sinitial focus is to aggressively pursue TDP facility marketpenetration throughout North America, as management has been speakingwith numerous public and private sector groups looking forbreakthrough solutions extending across the entire product managementand 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-looking statements will prove to be correct.Except as required by law, Ecolomondo disclaims any intention andassumes no obligation to update or revise any forward-lookingstatements to reflect actual results, whether as a result of newinformation, future events, changes in assumptions, changes in factorsaffecting 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 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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