ECLMF - Ecolomondo Provides Update on Hawkesbury Commissioning and Start-Up

(TheNewswire)

Montreal, QC – TheNewswire- November 8, 2021 -- EcolomondoCorporation (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 reports that itsHawkesbury TDP facility commissioning timelines  remain on scheduleand expects commercial operations that include end-of-life tire crumbrubber and carbon black processing will commence this fiscal Quarter.

Notable updates include:

• - Hawkesbury, Ontario TDP FacilityNears Completion : All major mechanical assemblyand installation has been completed. Commissioning of the plant’spower grid is nearing completion, with testing of carbon black andcrumb rubber processing equipment, along with thermal decompositionand oil fractionation equipment, to soon follow. On the heels of itspreviously announced $3.4m multi-year tirefeedstock supply contract , Ecolomondois also negotiating offtake agreements with buyers of oil, steel,fiber and recycled carbon black, as the Company is preparing for itscommercial operations expected to launch before year-end.

• - Attractive Capex: Hawkesbury project costs and cash flows continue to remainwithin the guidelines of loan covenants with Export Development Canada(EDC). Total estimated budget for the Hawkesbury TDP turnkey facilitystands at approximately $38.375 million, of which approximately$32.125 million comes from the loan facility from EDC and the balanceof approximately $6.25 million fro m the Company,which has already been contributed.

• - Hawkesbury Operations : The plant will consist of fourdifferent departments: shredding, thermal process, recovered carbonblack processing and oil distillation, with theability to operate around the clock, year-round. The facility is projected to generate annual revenues of over $10million with an EBITDA of over $5 million in its first full year ofcontinued operations. Company management believes Hawkesbury will bethe first-of-its-kind and uniquely positioned in the waste processingspace.

“Our Hawkesbury facility is both innovative and trend setting, and should set thestandard for the global tire pyrolysis industry. I believe it willsolidify our position in the market place,” said Eliot Sorella, Chairman and Chief Executive Officer ofEcolomondo. “D esigned and built to manufacturerecycled end-products of the highest quality, we have no doubt it willmeet the quality standards of a wide variety of indus try partners. Our vision and strategy is not only solid forHawkesbury, but also for a wide variety of public and private entitiestaking part in the global circular economy. ”

O nce fully operational, theHawkesbury TDP turnkey facility is expected to process 14,000 metrictons of crumb rubber per year, that is expected to yield 5,300 metrictons of recycled carbon black, 42,700 barrels of oil, 1,800 metrictons of steel, 850 metric tons of fiber and 1,600 metric tons of syngas. Visit theCompany’s website at www.ecolomondo.com to viewand learn more about the TDP technology.

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- productsoperations and proprietary TDP technology. With 25+ years of industryexperience and a track record of establishing strong circular economypartnerships, the Company is strategically positioned to become amajor global vendor of turnkey TDP facilities that convert hydrocarbonwaste into saleable end-products including recycled carbon black, oil,gas and steel.

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:

Elio Sorella,

Chairman and Chief Executive Officer, Ecolomondo

Tel: (450) 587-5999

esorella@ecolomondocorp.com

www.ecolomondo.com

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