NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Ecolomondo Environmental (Hawkesbury) Inc., a subsidiary
of Ecolomondo Corporation (TSX-V: ECM) (OTC: ECLMF) (“the
Company” or “Ecolomondo”) is pleased to announce that it
has concluded on May 31, 2023 an Amending Agreement (the
“Amending Agreement”) to its original loan agreement
(“Loan”) with from Export Development Canada
(“EDC”).
The original Loan was for an amount of $32.1 million in project
financing with EDC, executed on April 3, 2019, to finance the
construction of the Company’s first of its kind new turnkey thermal
decomposition facility in the Town of Hawkesbury, Ontario (the
“Hawkesbury facility”) that will process end-of-life tires
to produce re-usable resources.
The Amending Agreement signed today allows the postponement of
interest payment to July 31, 2023 as the Company works through the
final steps to bring the new Hawkesbury TDP facility to commercial
operations.
During the first quarter of 2023, the Company continued on its
aggressive pace to begin commercial operations at its Hawkesbury
TDP turnkey facility as early as possible. The Company started
performing tests in the thermal decomposition department in January
2023. Initial tests were very positive and they allowed the
technical teams to identify and take immediate corrective actions
successfully leading to improved efficiency and larger payloads.
Tests were performed in both Reactors 1 and 2, with payloads
beginning initially at 1,600 lbs, gradually increasing to 10,000
lbs per batch. Results from those tests confirm the flexibility and
robustness of the TDP reactors and process. The Company expects to
operate both reactors simultaneously in the coming weeks, gradually
increasing reactor payloads to 15,000 lbs per batch. Once this
threshold is achieved, the Company plans to process 3 batches per
reactor every 24 hours.
“This Amending Agreement confirms EDC’s support towards the
success of Ecolomondo’s Hawkesbury TDP turnkey plant and the
development of an innovative Canadian cleantech,” says Eliot
Sorella, Ecolomondo’s Chairman & CEO.
About Ecolomondo Corporation
Ecolomondo Corporation is a Canadian cleantech company that
prides itself after its proprietary Thermal Decomposition
technology TDP which is headquartered in Québec, Canada. It has a
25-year history and during this time has been focused on its
development of its technology and the deployment of TDP turnkey
facilities. TDP recovers high value re-usable commodities from
scrap tire waste, notably rCB, oil, syngas, fiber and steel.
Ecolomondo expects to be a leading player in the cleantech space
and be an active contributor to the global circular economy.
Ecolomondo trades on the TSX Venture Exchange under the symbol
(TSXV:ECM). To learn more, visit www.ecolomondo.com
About the Hawkesbury TDP Facility
The Hawkesbury facility building is 46,200 sq.ft and has an
impressive indoor clearance of 28 feet. It is state-of-the-art and
houses 4 main production departments, tire shredding, thermal
decomposition, recycled carbon black refining and oil
fractionation. Once fully operational, this facility is expected to
process a minimum of 14,000 metric tons of tire waste per year and
produce 5,300 metric tons of recovered carbon black, 42,700 barrels
of oil, 1,800 metric tons of steel, 1,600 metric tons of process
gas and 850 metric tons of fiber.
About the Shamrock TDP project
Processing capabilities for the Shamrock facility is projected
at 42,000 metric tons per year of end-of-life tires, yielding
approximately 15,900 metric tons of recovered carbon black, 128,100
barrels of oil, 5,400 metric tons of steel, 2,550 metric tons of
fiber and 4,800 metric tons of syngas; roughly three times the size
of the Company’s Hawkesbury (Ontario) plant output. Facility
construction is expected to begin by the end of the fourth quarter
of 2023 with completion expected by the end of the second quarter
of 2025. Projected cost to build is approximately US $93
million.
Our Mission, Vision & Strategy
Ecolomondo’s mission is to be a contributing participant in a
dynamic Circular Economy and to increase shareholder value by
producing and supplying large quantities of recovered resources to
be re-used in the manufacture of new products.
Ecolomondo’s vision is to be a leading producer and reseller of
recovered resources by building and operating TDP facilities,
strategically located in industrialized countries, close to
feedstock, labor and offtake clients.
Our strategy is to become a major global builder and operator of
TDP turnkey facilities, for now specializing in the processing of
ELTs. Our intent is to expand aggressively in North America and
Europe. Our experience and modular technology should help us get
there faster and better. We plan to keep performing ongoing
research and development to ensure that Ecolomondo remains
technologically advanced.
ISO Certification
The Company has obtained ISO 9001:2015, ISO 14001:2015 & ISO
45001:2018 certification of its Integrated Management System (IMS),
which acknowledges Ecolomondo’s commitment for quality,
environmental impact and health and safety at work.
Environmental, Social & Governance (ESG)
On the social aspect the Company plans to measure global health
and safety, injury rate and gender diversity, and finally in the
corporate governance aspect, the Company is measuring ethics and
anticorruption, ESG reporting and board independence.
About TDP
The TDP process is technically proven and more advanced than
most other pyrolysis technologies. Over the years, our
Technological teams were able to overcome all uncertainties that
plagued most competitors especially in these areas: pre-filtration,
reactor cooling, reactor rotation, reactor evacuation, water
recycling, cleaning of rCB, (hydrocarbon removal), mass monitoring,
heat curve development, humidity and water removal, safety testing,
system automation, emissions control and monitoring, rCB and
pyrolysis oil post processing, efficient syngas reuse.
TDP is Environmentally Friendly – CO2 Reduction
By producing rCB, TDP reduces GHG emissions by 90% versus the
production of virgin carbon black. The production of rCB at the
Hawkesbury and Shamrock facilities are expected to reduce CO2
emissions by 22,400 and 67,200 tons per year, respectively.
Please follow Ecolomondo on Twitter, Facebook, LinkedIn,
Instagram and YouTube.
Twitter: https://twitter.com/EcolomondoECM Facebook:
https://www.facebook.com/EcolomondoECM LinkedIn:
https://www.linkedin.com/company/ecolomondo/ Instagram:
https://www.instagram.com/ecolomondoecm/ YouTube:
https://www.youtube.com/@Ecolomondo
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.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230601005389/en/
Ecolomondo Corporation Eliot Sorella Chairman and Chief
Executive Officer, Ecolomondo Tel: (450) 587-5999
esorella@ecolomondocorp.com www.ecolomondo.com
Ecolomondo (TSXV:ECM)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
Ecolomondo (TSXV:ECM)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025
