Ecolomondo Corporation announced the start of ramp-up of operations at its Hawkesbury TDP turnkey facility. The Hawkesbury TDP facility initially started testing its reactors in January 2023 with an initial payload of 1,600 lbs and payloads were gradually increased to reach the optimal goal of 15,000 lbs 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 post-processing 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 January 16, the plant produced daily batches alternating each of two reactors. The Company expects to increase its ramp-up to 2 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 2 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 certified. During 2023, the Company had revenues of CAD 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 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.