Mr. Eliot Sorella reports

ECOLOMONDO COMPLETES ANOTHER SUCCESSFUL PRODUCTION CYCLE

Ecolomondo Corp. performed another production cycle with a full reactor payload with its second reactor, continuing steadily on the path toward commercial operations of its Hawkesbury TDP facility.

The Hawkesbury TDP facility started commercial testing of its reactors in January, 2023, and gradually increased reactor payloads to the optimal level of 15,000 pounds per production cycle. The technical teams continuously worked on corrective improvements to ensure safety and achieve optimal efficiency.

The company recently announced a successful production cycle with Reactor 1 of 15,000 lb and on June 23, 2023, the company completed another production cycle with a similar payload using Reactor 2.

This production cycle using Reactor 2 was also achieved with great success and within the timeline planed for the commercial operations. The improvements executed by the technical teams and the testing performed since January, 2023, confirm the robust nature of the reactors and the efficiency of the Ecolomondo's proprietary TDP technology.

This important step should allow the company to increase the frequency of production cycles, gradually ramping up to full production.

Larger batch volumes have brought to light certain deficiencies in the load and unloading equipment supplied to Ecolomondo by one of its suppliers. Corrective measures are currently under way and the company reports that it has already made considerable progress in both areas.

While management is very optimistic about its ramp-up testing results so far, it cautions that further ramp-up testing may bring to light other issues that may require adjustments.

About Ecolomondo Corp.

Ecolomondo is a Canadian cleantech company that prides itself after its proprietary thermal decomposition technology. The company is headquartered in Quebec, Canada. It has a 25-year history and, during this time, has been focused on the development of its technology and the deployment of TDP turnkey facilities. TDP recovers high-value reusable commodities from scrap tire waste, notably rCB (recovered carbon black), oil, syngas, fibre and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy.

About the Hawkesbury TDP facility

The Hawkesbury facility building is 46,200 square feet and has an impressive indoor clearance of 28 feet. It is a state-of-the-art facility housing four 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 fibre.

About the Shamrock TDP project

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 fibre 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 $93-million (U.S.).

The company's mission, vision and 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 reused 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, labour, and offtake clients.

The company's strategy is to become a major global builder and operator of TDP turnkey facilities, for now specializing in the processing of ELTs. The company's intent is to expand aggressively in North America and Europe. Its experience and modular technology should help it get there faster and better. The company plans to keep performing continuing research and development to ensure that Ecolomondo remains technologically advanced.

ISO certification

The company has obtained ISO 9001:2015, ISO 14001:2015 and 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 and 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 anti-corruption, ESG reporting, and board independence.

About TDP

The TDP process is technically proved and more advanced than most other pyrolysis technologies. Over the years, the company's technological teams were able to overcome all uncertainties that plagued most competitors especially in these areas: prefiltration, reactor cooling, reactor rotation, reactor evacuation, water recycling, processing of rCB (hydrocarbon removal), mass monitoring, heat curve development, humidity and water removal, safety testing, system automation, emission control and monitoring.

TDP is environmentally friendly -- carbon dioxide (CO2) reduction

By producing rCB, TDP reduces greenhouse gas emissions by 90 per cent versus the production of virgin carbon black. The production of rCB at the Hawkesbury and Shamrock facilities is expected to reduce CO2 emissions by 22,400 and 67,200 tons per year, respectively.

We seek Safe Harbor.