Ecolomondo Corporation announced that it expects to ramp up to full reactor payloads at its new TDP Hawkesbury facility. On the heels of its recently performed successful first batch of 1,600 lbs, on January 11, the Company performed a second successful test on January 25, a batch with a reactor payload of 7,000 lbs. These initial batches allowed the technical teams to identify and take corrective actions that lead to improved efficiency, in particular reactor filling and loading systems, thermal expansion and the rotary joints.

Because of the success of these first batches, the Company has been preparing both reactors to process batches of 15,000 lbs of end-of-life tires, once successfully performed it should set the stage for commercial operations. The Hawkesbury plant is expected to perform 1,980 batches per year and 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. Once reactor payloads have successfully achieved the 15,000 lbs threshold, the Company expects to start with its ramp-up phase, starting with one batch per day, followed by 2 batches per day and ending with six batches per day expected by June 2023.

During this period, the Hawkesbury TDP facility is expected to continue to shred end-of- life tires, that will enable the Company to train additional employees, increase capacity and produce crumb rubber needed for the TDP ramp-up and continuous operations.