Ecolomondo Provides an Update on Tire Shredding at its Hawkesbury TDP Facility

(TheNewswire)

Montreal, QC – TheNewswire - October 7, 2024 --Ecolomondo Corporation (TSXV: ECM) (OTCQB: ECLMF) (the “Company” or “Ecolomondo”), a leading innovator in sustainable tire recycling technology, is pleased to provide an update on the tire shredding output at its Hawkesbury TDP facility.

The Shreddingdepartment shreds end-of-life tires into crumb rubber, while extracting the steel and fiber from the rubber to produce feedstock for batches for Ecolomondo’s thermal reactors.

Over the past year, the Company kept improving its tire shredding capabilities and recently achieved a processing capacity of over 15 short tons of crumb rubber in an 8-hour shift. This level of production over 24 hours would provide enough feedstock to supply 2 TDP reactors at full projected capacity of 15,000 lbs per batch for 2 batches for each reactor per day.

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“We are pleased to see that the Hawkesbury plant is achieving this level of production efficiency, getting to this milestone is a result from the unwavering efforts and resolve from the Hawkesbury management and technical teams”, says JF Labbé, Interim CEO of Ecolomondo.

The improved production of tire shredding is expected to result in higher revenues to the Company through increased tipping fees, higher sales of steel and oil, while producing more recovered carbon black (“rCB”) that is expected to be processed once the new milling machine is delivered and installed, expected in December 2024.

Once fully operational, the Hawkesbury TDP facility is expected to process over 1.1M of scrap tires per year and produce 7.6M lbs of recovered carbon black, 30,528 barrels of oil, 2.6M lbs of steel, and 2.3M lbs of process gas, in addition to saving 15,000 tons of CO2 from spewing into the atmosphere.

(CO2 value is based on the USA Environmental Protection Agency’s Greenhouse Gas equivalencies calculator: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator#results )

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 andsteel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol(TSXV:ECM) and in the United States under the symbol (OTCQB:ECLMF). 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 over 1.1M of scrap tires per year and produce 7.6M lbs of recovered carbon black, 30,528 barrels of oil, 2.6M lbs of steel, and 2.3M lbs of process gas.

About the Shamrock Project – A 6-Reactor TDP Facility

Processing capabilities for the Shamrock facility is projected at 5.5M per year of end-of-life tires, yielding approximately 35.1M lbs of recovered carbon black, 128,100 barrels of oil, 11.9M lbs of steel, and 10.6M lbs of syngas; roughly three times the size of the Company’s Hawkesbury (Ontario) plant output. Facility construction is expected to begin by the third quarter of 2024 with completion expected by the end of the fourth 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.

ISCC Certification

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, 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 15,000 and 45,000 tons per year, respectively.

Please follow Ecolomondo on Twitter, Facebook, LinkedIn, Instagramand YouTube.

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

Ecolomondo Corporation Contact

Eliot Sorella

Chairman and Chief Executive Officer, Ecolomondo

Tel: (450) 587-5999

esorella@ecolomondocorp.com

www.ecolomondo.com

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.

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