(TheNewswire)
Montreal, QC – TheNewswire- November 24, 2022 -- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “ Company ” or“ Ecolomondo ”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process(“ TDP ”) proprietary recycling technology and the building andoperating of turnkey TDP facilities globally, received the finalcertification of the newly constructed Hawkesbury TDPfacility .
The Company invested approximately $42 million in theconstruction of this 2-reactor TDP facility in Hawkesbury, Ontario,that is expected to process 14,000 tons of scrap tires per year toproduce 5,300 tons of recovered carbon black (“ rCB ”) , 42,700 barrels of oil, 1,800 tonsof steel, 1,600 tons of process gas and 850 tons of fiber. Revenuestreams of the Hawkesbury facility will come from the sale of therecovered end-products, more precisely carbon black, oil, steel andfiber, while the syngas will be consumed in the process.
The Company is pleased to announceits breaking news, that it has received final certification from TSSA(Technical Standards and Safety Authority) for its Hawkesbury TDPfacility. TSSA is Ontario’s public safetyregulator mandated by the Government of Ontario to enforce technicalsafety regulations and enhance public safety, for boilers and pressurevessels, fuels and other equipment.
The commissioning of theHawkesbury TDP facility required many certifications from TSSA. Thecertification process has been long and tedious, with start-up delayedmostly by COVID and a 3-month strike by TSSA inspectors during thisSummer.
Certification is now confirmed for all the equipment atthe Hawkesbury facility, the latest being for the flare.
“Achieving this milestone is an excitingaccomplishment, in spite of the many bumps along the road, we arefinally getting there! As soon as the thermal reactors are safety andleak tested one last time, we expect to start processing rubber wastewith a gradual ramp-up of production to follow”, says Eliot Sorella, Ecolomondo’s President &CEO.
About Ecolomondo Corporation
Ecolomondo Corporation is a Canadian cleantech company headquarteredin Québec, Canada with an over 25-year history focused onwaste-to-resources technology development and deployment. Ecolomondohas developed the Thermal Decomposition Process (“TDP”), whichrecovers high-value circular commodities from end-of-life tires,including recovered carbon black (“rCB”), oil and steel. TDPlowers carbon emissions by up to 90% compared to the production ofvirgin carbon black. Ecolomondo has adopted a triple bottom lineapproach to business focused on people, planet and profit. Ecolomondotrades on the TSX Venture Exchange under the symbol (TSXV:ECM)(OTC:ECLMF). To learn more, visit www.ecolomondo.com
Ecolomondo Corporation Contact
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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