Excellent news:
Ecolomondo Starts Ramp-Up at its Hawkesbury TDP Facility https://ceo.ca/@thenewswire/ecolomondo-starts-ramp-up-at-its-hawkesbury-tdp-facility Excellent news, from the NR:
The most important upgrades and capital expenditures have now been completed and are being implemented. The Company announces that the plant has begun its ramp-up phase. Starting January 16, the plant produced daily batches alternating each of two reactors. The Company expects to increase its ramp-up to 2 batches per day by the second week of February, and gradually ramping up to four batches per day by May 2024.
As ramp-up gains momentum, the Company expects the Hawkesbury TDP facility to gradually improve cash flow and to become cash flow neutral (before debt servicing), at 2 batches per day.
The Company believes that the Hawkesbury plant has now achieved the threshold to process large quantities of end-of-life tires efficiently, and produce large quantities of sustainable recovered products: oil, gas, steel and recovered carbon black.
The Company believes that its recovered end-products will be widely accepted by industry, in particular since its products have been ISCC certified.