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
global deployment of TDP turnkey facilities, announces that Reactor
1 of its 2-reactor TDP plant in Hawkesbury, Ontario, has been
certified by TSSA (Technical Standards and Safety Authority) for
the use of the syngas (process gas) produced from TDP production
cycles as the energy source to fire up reactors.
As one of the final commissioning steps of the Hawkesbury TDP
plant, testing results were as expected, reflecting similar results
of the Contrecoeur pilot plant. The energy generated by the syngas
was similar to high quality propane, higher in BTUs than natural
gas.
The Company obtained the immediate approval of TSSA (Technical
Standards and Safety Authority), the Ontario authority in such
matters, to allow the use of syngas as the regular energy source
for Reactor 1. The Company expects TSSA to approve the use of
syngas for Reactor 2 in the next several weeks.
When Ecolomondo’s proprietary technology decomposes crumb rubber
produced from end-of-life tires, it produces 38% carbon black, 51%
oil and 10% syngas. Recovered carbon black and oil are processed
and sold to markets, whereas syngas is stored in a holding tank (at
100 PSI) and used as needed as energy source for TDP batches. To
ensure all emissions standards are respected, the syngas is
scrubbed (removal of contaminants, such as sulfur) to have a clean
burn, low in emissions and low in NOx.
This TSSA approval is part of the ramp-up phase and brings
improved efficiency to the process. As a result, the use of syngas
as the energy source for TDP should bring the Hawkesbury TDP plant
closer to energy self-sufficiency, a feature almost unique for the
entire pyrolysis industry while significantly reducing energy
costs.
While management is encouraged by its ramp-up so far, it
cautions that continued and aggressive ramp-up testing may bring to
light unforeseen issues that may require adjustments.
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 Plant – A 2-Reactor 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 Project – A 6-Reactor TDP Facility
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.
ISCC Certification The Company received the International
Sustainability and Carbon Certification (“ISCC”) for its Hawkesbury
TDP facility. ISCC is an independent Global Sustainability
Certification System and offers chain-of-custody certification
systems to ensure traceability and feedstock identity. It is an
independent multi-stakeholder initiative and leading certification
system supporting sustainable, fully traceable, deforestation-free
and climate-friendly supply chains. Certifications by ISCC cover
sustainable agricultural biomass, biogenic waste and residues,
non-biological renewable materials and recycled carbon-based
materials.
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, water recycling,
processing of rCB, (hydrocarbon removal), mass monitoring, heat
curve development, humidity and water removal, safety testing,
system automation, emissions control and monitoring.
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/20230802044366/en/
Ecolomondo Corporation Contact Eliot Sorella Chairman and
Chief Executive Officer, Ecolomondo Tel: (450) 587-5999
esorella@ecolomondocorp.com www.ecolomondo.com
Ecolomondo (TSXV:ECM)
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Ecolomondo (TSXV:ECM)
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