ECM:CC - Ecolomondo Provides Update on Hawkesbury TDP Facility Operations Timeline
(TheNewswire)
Montreal, QC – TheNewswire -M arch 29 , 2022 -- Ecolomondo Corporation (TSXV:ECM)(OTC:ECLMF) (the “ Company ” or “ Ecolomondo ”), acleantech company specializing in thecommercialization of its Thermal DecompositionProcess (“ TDP ”) proprietary recycling technology and the building and operating of turnkey TDP facilitiesglobally, today announced that the three majorprocessing departments at the Hawkesbury TDP facility have completedpre-commissioning and have entered into final commissioning.
Highlights:
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Tire Shredding line – final commissioning is completeand initial operation runs to begin first week of April.
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Recovered Carbon Black line – pre-commissioning wascompleted at the end of February and the line is undergoing finalcommissioning and expected to be completed in the second week ofApril.
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Thermal Processing line – pre-commissioning beganlate-February and is now complete, final commissioning is underway andexpected to be completed by the second week of April 2022 with trialruns to commence soon thereafter.
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Automation interfacing with all processing controlpanels is going according to schedule and should be completed by thesecond week of April.
The Company expects to begin preliminary operations inthe next 3 to 4 weeks, gradually ramping up to full production volumesover 10 to 12 weeks. Full production is defined by the company as 3shifts operating the plant on a continuous basis. As recentlyannounced the company has received a combination of purchase ordersand off-take agreements’ for the high-qualityoil , recovered carbonblack and steel that will be producedat the Hawkesbury TDP facility.
“We are extremely close to beginning operations atour state-of-the-art Hawkesbury TDP facility, ramping up production isthe main focus of the entire technical team,” said Eliot Sorella,Chairman and CEO. “Having secured a long-term agreement for tiresupply and offtake agreement recently announced for 80% of the rCBthat will be produced at Hawkesbury, places Ecolomondo in an enviableposition.”
Investor Update Webinar
The company plans to provide a comprehensive update onrecent developments and near-term achievements. An investor Q&Asession will follow the update. Eliot Sorella, Chairman and CEO willattend this session.
When: April 19,2022, at 4:30 PM EST
You can register for the webinar by following the linkbelow.
https://us06web.zoom.us/webinar/register/7216475615575/WN_GrNowerZRAqj3yu1vyyQQA
For those unable to attend a recorded version of thepresentation will be available afterwards on YouTube and a link willbe sent to everyone who registered.
The company will soon announce the dates to host sitevisits at the Hawkesbury TDP facility for industry stakeholders,investment analysts and media expected to take place by early May of2022. Interested parties are encouraged to contact the companydirectly at investors@ecolomondocorp.com .
Hawkesbury TDP Facility ProductionBreakdown:
Primary feedstock for the Hawkesbury plant is a mix of20 percent light truck tires and 80 percent passenger tires that areautomatically off-loaded into the plant’s three-bay reception areain real time and pneumatically conveyed to the plant’s indoorshredding and crumb rubber processing department.
Scrap tires are initially downsized in a primaryshredder and passed through two raspers reducing the material to crumbrubber granulate which is fed into a third rasper. The resulting10-20 mesh crumb is 99 percent steel and fiber free. Finished crumbrubber is conveyed and top loaded into a five-day capacity holdingtank. A screw conveyor at the bottom of the tank feeds the crumbrubber feedstock to an elevated feed system which loads the materialinto 1,000 cu. ft. thermal processing reactors. Recovered carbonblack is vacuumed out the side of the reactor. Recovered oil and gasare separated and processed separately into syngas and high-qualitymarketable oil products.
Comprised of four different processing departments(Tire Shredding, Thermal Processing, Recovered Carbon Black and OilFractionation), the facility is expected to process a minimum of14,000 tons of tire waste per year when fully operational, producing5,300 tons of recovered carbon black, 42,700 barrels of oil, 1,800tons of steel, 1,600 tons of process gas and 850 tons of fiber whenoperating at full capacity.
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.
For further information pleasecontact:
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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