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    ECM   CA27900T1003

ECOLOMONDO CORPORATION

(ECM)
  Report
Delayed Bourse de Toronto  -  11:28 2022-12-06 am EST
0.3800 CAD   -7.32%
11/28Ecolomondo Releases its Interim Consolidated Financial Statements for the Third Quarter of 2022
AQ
11/24Ecolomondo Announces Final Certification of New Hawkesbury TDP Facility
AQ
11/07Ecolomondo Announces New Hawkesbury TDP "Facility Manager"
AQ
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Ecolomondo Announces Final Certification of New Hawkesbury TDP Facility

11/24/2022 | 08:42am EST

(via TheNewswire)

Ecolomondo Corporation

 

 

Montreal, QCTheNewswire -November 24, 2022 -- Ecolomondo Corporation(TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in thecommercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and the building and operating of turnkey TDP facilities globally, received the final certification of the newly constructed Hawkesbury TDP facility.

 

The Company invested approximately $42 million in the construction of this 2-reactor TDP facility in Hawkesbury, Ontario, that is expected to process 14,000 tons of scrap tires per year to produce 5,300 tons of recovered carbon black(“rCB”), 42,700 barrels of oil, 1,800 tons of steel, 1,600 tons of process gas and 850 tons of fiber. Revenue streams of the Hawkesbury facility will come from the sale of the recovered end-products, more precisely carbon black, oil,  steel and fiber, while the syngas will be consumed in the process.

 

The Company is pleased to announce its breaking news, that it has received final certification from TSSA (Technical Standards and Safety Authority) for its Hawkesbury TDP facility.TSSA is Ontario’s public safety regulator mandated by the Government of Ontario to enforce technical safety regulations and enhance public safety, for boilers and pressure vessels, fuels and other equipment.

 

The commissioning of the Hawkesbury TDP facility required many certifications from TSSA. The certification process has been long and tedious, with start-up delayed mostly by COVID and a 3-month strike by TSSA inspectors during this Summer.

 

Certification is now confirmed for all the equipment at the Hawkesbury facility, the latest being for the flare.

 

“Achieving this milestone is an exciting accomplishment, in spite of the many bumps along the road, we are finally getting there! As soon as the thermal reactors are safety and leak tested one last time, we expect to start processing rubber waste with a gradual ramp-up of production to follow”,says Eliot Sorella, Ecolomondo’s President & CEO.

About Ecolomondo Corporation


Ecolomondo Corporation is a Canadian cleantech company headquartered in Québec, Canada with an over 25-year history focused on waste-to-resources technology development and deployment. Ecolomondo has developed the Thermal Decomposition Process (“TDP”), which recovers high-value circular commodities from end-of-life tires, including recovered carbon black (“rCB”), oil and steel. TDP lowers carbon emissions by up to 90% compared to the production of virgin carbon black. Ecolomondo has adopted a triple bottom line approach to business focused on people, planet and profit. Ecolomondo trades on the TSX Venture Exchange under the symbol (TSXV:ECM) (OTC:ECLMF). To learn more, visit
www.ecolomondo.com

 

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.

Copyright (c) 2022 TheNewswire - All rights reserved.

Copyright (c) 2022 TheNewswire - All rights reserved., source Press Releases

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Financials
Sales 2021 0,02  0,01  0,01 
Net income 2021 -0,65 M -0,48 M -0,48 M
Net Debt 2021 27,5 M 20,2 M 20,2 M
P/E ratio 2021 -160x
Yield 2021 -
Capitalization 70,3 M 51,6 M 51,6 M
EV / Sales 2020 -
EV / Sales 2021 6 825 519 951x
Nbr of Employees -
Free-Float 23,3%
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Managers and Directors
Elio Sorella Chairman, President & Chief Executive Officer
Donald Prinsky Chief Financial Officer & Director
Hugo Morin Director-Engineering
Jean Francois LabbÚ Chief Operating Officer
Brigitte Gauthier Secretary & Independent Director
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