Montreal, QC, January 5, 2022 — Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company commercializing its proprietary recycling technology, Thermal Decomposition Process (“TDP”) and specializing in the building and operation of turnkey TDP facilities, today provides a status update on its Hawkesbury TDP facility commissioning.
Notable Updates Include:
– All major building installations are now complete and undergoing final inspection by municipal authorities;
– Pre-commissioning testing and commissioning of the electrical supply grid has been completed, receiving a positive evaluation from the Electrical Safety Authority Field Evaluator (“ESAFE”);
– Installation of the shredding and of the recovered carbon black processing lines are now complete and being prepared for final commissioning and start-up;
– Pre-commissioning of the Thermal Decomposition piping is completed, and the scrubbers and flare are being readied for commissioning and start-up;
– The Automation System logic and control panels for the Thermal Decomposition are fully installed and functioned according to expectations in pre-commissioning testing, an important milestone in the commissioning of the plant; and
– Installation of the oil fractionation system continues, and it is expected to be ready for pre-commissioning testing in early February.
The Company remains committed to providing progress updates to all stakeholders, and expects commissioning to be completed by the second week of February 2022, with start-up operations following soon after.
The Company further announces that discussions with interested customers have been successful and it believes the oil, steel, recovered carbon black and fiber will be sold to interested customers as product become available and at pricing equal to or higher than originally projected.
“Market conditions for recycled products are very promising,” states Eliot Sorella, President and CEO of Ecolomondo. “With the current high cost of bunker oil, our business metrics look very encouraging. Demand for recycled products is increasing, and with the
current limited supply, Ecolomondo is strategically positioned to take advantage of the present market conditions.”
About TDP Technology
Thermal Decomposition Process technology is a proprietary waste-to-resources technology that the Company expects will play a critical role in the development and proliferation of the circular economy.
TDP is a closed loop, slow pyrolysis technology that operates in an oxygen-free environment using positive pressure and a batch rotary reactor. The process is largely energy self-sufficient. Ecolomondo’s exclusive automation system allows for strict control of cycle times, processing parameters and consistent batch production, resulting in quality, commercial-grade recycled commodities and end-products.
About Ecolomondo Corporation
Ecolomondo is a Canadian cleantech company specializing in the commercialization of its waste-to-products operations and proprietary TDP technology. With 25+ years of industry experience and a track record of establishing strong circular economy partnerships, the Company is strategically positioned to become a major global vendor and operator of turnkey TDP facilities that convert hydrocarbon waste into saleable end-products including recovered carbon black, oil, gas and steel.
Revenue growth will come from the operations of fully-automated and energy self-sufficient TDP facilities and from the sale of end-products, tipping fees and carbon credits. Ecolomondo’s initial focus is to aggressively market TDP facility expansion throughout North America, as management has been speaking with numerous public and private sector industry groups looking for breakthrough solutions extending across the entire product management and processing lifecycle.
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
The securities offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.