Ecolomondo Announces That It Reached a New Milestone in Its Ramp-Up Phase
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, is pleased to announce that it reached a new milestone in its ramp-up phase.
The Company has focused its efforts on the beginning of commercial production at its Hawkesbury TDP facility. After performing initial test batches, the Company increased its batch payload to 10,000 lbs during another successful batch completed on May 24, 2023.
This batch size of 10,000 lbs used 564 end-of-life tires ("ELTs") to produce 3,800 lbs of carbon black, 15 barrels of oil and 1,150 lbs of process gas, and including 1,287 lbs of steel and 564 lbs of fiber that were extracted from the scrap tires during the shredding stage. This batch is expected to generate gross revenues of C$5,853, including tipping fees collected for processing ELTs.
Previously in this year, our technical teams performed numerous test runs using both Reactors 1 and 2. These test runs allowed them to acquire the necessary knowledge and experience to improve process efficiency, validate capacity of burners, evacuation system and all thermal apparatus.
Once reactor payloads have successfully achieved the 15,000 lbs threshold, the Company expects to start with the final stage of its ramp-up phase, starting with one batch per day, followed by 2 batches per day and ending with 3 batches per day for each of the two reactors.
While management is optimistic of its schedule, it cautions that further ramp-up testing may bring to light certain adjustments that may require adjustments from time to time.
About Ecolomondo Corporation
Our Mission, Vision & Strategy
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.
Environmental, Social & Governance (ESG)
TDP is Environmentally Friendly - CO2 Reduction
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Cautionary Note Regarding Forward Looking Statements
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.
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