Mr. Eliot Sorella reports

ECOLOMONDO ANNOUNCES TIRE SHREDDING LINE BEGINS FINAL COMMISSIONING AT HAWKESBURY TDP FACILITY

Ecolomondo Corp. has confirmed that final commissioning of the Hawkesbury TDP (thermal decomposition process) facility's shredding line is now under way:

• Mechanical assembly of the tire shredding line is complete and the control and electrical systems are fully E-Safe (Electrical Safety Authority Field Evaluation) certified, setting the stage for beginning of processing end-of-life (ELT) tires in the coming days.
• Precommissioning of recovered carbon black (RCB) processing line is continuing and is expected to be completed in the first week of February and will be immediately followed by mechanical commissioning, which is expected to take approximately two weeks.
• Precommissioning of the thermal processing is also continuing with final commissioning expected to start by mid-February.
• Automation interfacing with all processing control panels is well advanced and expected to be completed in time for the beginning of ramp-up.

With the shredding, RCB and thermal processing departments being commissioned concurrently, the facility is expected to begin ramp-up by the end of February. TDP facilities are intuitively designed to help expedite commissioning and ramp-up periods compared with other known waste-to-energy technologies.

"Ecolomondo has achieved every goal that it has set for itself since inception, and today I proudly tell shareholders, customers and supporters that Hawkesbury is cutting-edge technology that I believe will set new standards in every aspect of design, production, automation, safety and environmental integrity," stated Eliot Sorella, Ecolomondo's chairman and chief executive officer. " The Hawkesbury TDP facility, thanks to the many proprietary improvements, will redefine scrap tire processing, that will efficiently produce market-ready renewable products with a lower carbon footprint and at a cheaper cost."

Comprising four different processing departments (shredding, thermal processing, recovered carbon black processing and oil fractionation), the facility is expected to process a minimum of 14,000 tonnes of tire waste per year when fully operational, producing 5,300 tonnes of recovered carbon black, 42,700 barrels of oil, 1,800 tonnes of steel, 1,600 tonnes of process gas and 850 tonnes of fibre when operating at full capacity.

On Jan. 27, 2022, Eliot Sorella, chairman and chief executive officer, and other members of the management and technical team provided a shareholder update covering the Hawkesbury TDP facility, Ecolomondo's process technologies and the company's recently announced international expansion plans, beginning with the company's first U.S.-based waste-to-resources six-reactor TDP facility in Shamrock, Tex.

About TDP technology

The thermal decomposition process technology is a proprietary waste-to-resource 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 Corp.

Ecolomondo is a Canadian clean tech company specializing in the commercialization of its waste-to-product operations and proprietary TDP technology. With 25-plus years of industry experience and a record of establishing strong circular economy partnerships, the company is strategically positioned to become a major global builder and operator 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 building and operations of fully automated and energy-efficient TDP facilities. Ecolomondo's initial focus is to aggressively market TDP facility expansion throughout North America, as management has been speaking with numerous public-sector and private-sector industry groups looking for breakthrough solutions for processing hydrocarbon waste.

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