ECLMF - Ecolomondo Provides update on Hawkesbury TDP Facility; Reports Plant Nears Completion

(TheNewswire)

Montreal, QC – TheNewswire- January 5, 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 provides a status update on its Hawkesbury TDP facilitycommissioning.

Notable Updates Include:

• All major building installations are now complete andundergoing final inspection by municipal authorities;

• Pre-commissioning testing and commissioning of theelectrical supply grid has been completed, receiving a positiveevaluation from the Electrical Safety Authority Field Evaluator(“ESAFE”);

• Installation of the shredding and of the recoveredcarbon black processing lines are now complete and being prepared forfinal commissioning and start-up;

• Pre-commissioning of the Thermal Decomposition pipingis completed, and the scrubbers and flare are being readied forcommissioning and start-up;

• The Automation System logic and control panels for theThermal Decomposition are fully installed and functioned according toexpectations in pre-commissioning testing, an important milestone inthe commissioning of the plant; and

• Installation of the oil fractionation system continues,and it is expected to be ready for pre-commissioning testing in earlyFebruary.

The Company remains committed to providing progressupdates to all stakeholders, and expects commissioning to be completedby the second week of February 2022, with start-up operationsfollowing soon after.

The Company further announces that discussions withinterested customers have been successful and it believes the oil,steel, recovered carbon black and fiber will be sold to interestedcustomers as product become available and at pricing equal to orhigher than originally projected.

“Market conditions for recycled products are verypromising,” states Eliot Sorella, President and CEO of Ecolomondo.“With the current high cost of bunker oil, our business metrics lookvery encouraging. Demand for recycled products is increasing, and withthe current limited supply, Ecolomondo is strategically positioned totake advantage of the present market conditions.”

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 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 control of cycle times, processing parametersand consistent batch production, resulting in quality,commercial-grade recycled commodities and end-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 vendorand operator of turnkey TDP facilities that convert hydrocarbon wasteinto saleable end-products including recovered carbon black, oil, gasand 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 market TDP facility expansionthroughout North America, as management has been speaking withnumerous public and private sector industry 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-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.

The securities offered have not been, nor will they be,registered under the U.S. Securities Act of1933, as amended (the “ 1933Act ”), or under any state securitieslaws, and may not be offered or sold, directlyor indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (asdefined in Regulation S under the 1933 Act) absent registration or anapplicable exemption from the registration requirements. This newsrelease does not constitute an offer to sell or a solicitation to buysuch securities in the United States.

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 accuracy of this release.

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