Ecolomondo Establishes US Holding Company Forms Waste-to-Resources Recycling Corporation as Company Prepares for International Expansion
Montreal, QC – TheNewswire - November 24, 2021-- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the development of proprietary recycling technology, Thermal Decomposition Process (“TDP”), and the commercialization of turnkey TDP facilities, today announced that it has established Ecolomondo Corporation USA Inc., with a focus to build turnkey TDP facilities throughout the United States that process End-of-life tires (“ELT”) into saleable end-products including recycled carbon black, oil, gas, steel and fiber.
Ecolomondo Corporation USA Inc. is expected to hold a controlling interest in all future US-situated TDP facilities as part of a global expansion strategy to roll-out its market-leading green technology and processing facilities that process ELTs into commodity products.
“We are excited to bring Ecolomondo’s turnkey TDP facilities into the US and offer advanced solutions to ELT processers and recyclers,” said Eliot Sorella, Ecolomondo’s CEO and Chairman. “After years of R&D testing, we will be set up to have engineering firms deliver TDP turnkey facilities in approximately 12-18 months, all underpinned by a business model offering multiple revenue streams with very low spending requirements on raw materials.”
Ecolomondo was first incorporated and acquired by Sorella in 2007, with a vision of developing a commercially viable industrial-scale facility. Since then, management has focused on creating a scalable end-to-end automated process with rigorous safety features in place. The Company has tested and refined the process for years, conducting many trial runs at its two-reactor pilot research and development (R&D) facility.
The Hawkesbury TDP turnkey facility which will soon be commissioned will incorporate all of the technological advancements developed at the Pilot facility in Contrecoeur, Quebec, Canada.
“Ecolomondo has a long and successful track record of innovation and execution,” Sorella added. “We have the engineering experience and proprietary technology needed to successfully execute our roll-out plans, and look forward to providing additional updates on our progress in the US market.”
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 of turnkey TDP facilities that convert hydrocarbon waste into saleable end-products including recycled carbon black, oil, gas and steel.
Revenue growth will come from the sale of fully-automated and energy self-sufficient TDP facilities and royalties 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.
For further information please contact:
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
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