Mr. Eliot Sorella reports

ECOLOMONDO STARTS RAMP-UP AT ITS HAWKESBURY TDP FACILITY

Ecolomondo Corp. has started ramping up operations at its Hawkesbury TDP (thermal decomposition process) turnkey facility.

The Hawkesbury TDP facility initially started testing its reactors in January, 2023, with an initial payload of 1,600 pounds (lb) and payloads were gradually increased to reach the optimal goal of 15,000 lb per production cycle for both reactors in June, 2023.

Since then, the company continued to make extensive improvements and capital expenditures, all leading to greater efficiency of the plant. During this time, the company focused on improving output of the tire-shredding line, reactor evacuation, reactor loading and recovered carbon black postprocessing systems, with the goal of achieving the coveted output.

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 Jan. 16, the plant produced daily batches alternating each of two reactors. The company expects to increase its ramp up to two 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 two 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 (International Sustainability and Carbon Certification) certified.

During 2023, the company had revenues of $155,850, mostly from tipping fees and the sale of end-products produced at the Hawkesbury facility, namely recovered carbon black, oil and steel. Most customers that purchased Ecolomondo's end-products have expressed satisfaction, while many have placed, or are ready to place, repeat orders.

The company believes that once fully ramped-up and commercially operational, the Hawkesbury plant will be a testimonial to an efficient and commercial TDP turnkey facility, that the company believes will bring more viability to TDP technology and help ramp up the company's global expansion agenda.

Webinar

The company will hold a webinar on Feb. 8.

You can register for the webinar on-line.

About Ecolomondo Corp.

Ecolomondo is a Canadian cleantech company that prides itself after its proprietary thermal decomposition technology, which is headquartered in Quebec, 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 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 plant -- a two-reactor TDP facility

The Hawkesbury facility building is 46,200 square feet and has an impressive indoor clearance of 28 feet. It is state of the art and houses four main production departments: tire shredding, thermal decomposition, recycled carbon black refining and oil fractionation. Once fully operational, this facility is expected to process 1.3 million scrap tires per year and produce 8.7 million pounds (Mlb) of recovered carbon black, 34,608 barrels of oil, 2.9 Mlb of steel and 2.6 Mlb of process gas.

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