ECLMF - Ecolomondo Receives Ministry of Environment Approval to Commercially Operate Hawkesbury TDP Tire Recycling Facility
(TheNewswire)
Montreal, QC – TheNewswire- October 25, 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, ispleased to announce it has received its Environmental ComplianceApprovals (“ ECAs ”) from the Ontario Ministry ofEnvironment, Conservation and Parks (“ MECP ”) to operate its Hawkesbury, Ontario TDP facility used to transform end-of-life tires intorecycled carbon black and other renewable commodities .
The receipt of the MECP approvals for waste, stormwater management, air and noise brings Ecolomondo into full compliancewith all required environmental standards, completing another majorstep towards the commissioning of the Hawkesbury plant. Thestate-of-the-art facility is equipped with the latest emissionscontrol technology, including real-time emissions measuring, scrubbingunits for removal of contaminants and ground flares, all with anintelligent burner management system to ensure a clean burn to avoidnitrogen oxide (NOx) and sulphur oxide (SOx).
“These approvals, along withour recently announced multi-year tirefeedstock supply contract (and $3.4Massociated revenue), are incredible achievements by the Company as wenear commercialization,” said Eliot Sorella, Ecolomondo’s Chairmanand Chief Executive Officer. “ Ecolomondo will play a fundamental role in the processing ofhydrocarbon waste and resource recovery, emerging as a dominant playerin the circular economy and future sustainability efforts.”
Robustly designe d to efficientlyhandle large quantities of end-of-life tire feedstock, the46,200-square foot building boasts impressive indoor clearance of 28feet and consists of four different departments: shredding, thermalprocess, recovered carbon black processing and oil distillation. Theplant is expected to process a minimum of 14,000 tons of tire wasteper year, producing 5,300 tons of recycled carbon black, 42,700barrels of oil, 1,800 tons of steel, 850 tons of fiber and 1,600 tonsof syngas.
The Hawkesbury TDP turnkey wasteprocessing facility:
Visit the Company’s website toview and learn more about the TDPfacility.
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 tobecome a major global vendor of turnkey TDP facilities that converthydrocarbon waste into salable end-products including carbon blacksubstitute, 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.
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:
Elio Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
esorella@ecolomondocorp.com
www.ecolomondo.com
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