Ecolomondo Corporation announced that during the week of June 10, 2023, it performed a first ever production cycle with a reactor payload of 12,000 lbs per batch, steadily on the path to its optimal target of 15,000 lbs per cycle. The Company continues on its aggressive pace to commercial operations at its Hawkesbury TDP turnkey facility. Since January 2023, the Hawkesbury plant increased its reactor payloads from 1,600 lbs to 12,000 lbs per cycle, and expects to soon achieve the optimal target of 15,000 lbs per cycle.

Every test run performed so far allowed the technical teams to identify and take corrective measures that mostly resulted in improved efficiency and larger reactor payloads. The recent production cycle of 12,000 lbs was performed with ease and producing excellent quality end-products, and in quantities projected. This increased payload continues to confirm the efficiency and the robust nature of the thermal reactors.

Larger batch volumes have brought to light certain deficiencies in the load and unloading equipment supplied to Ecolomondo by one of its suppliers. Corrective measures are currently under way by both the supplier and Ecolomondo's technical teams to improve efficiency in these areas. This cycle size of 12,000 lbs used 677 end-of-life tires (ELTs) to produce 4,560 lbs of carbon black, 18 barrels of oil and 1,380 lbs of process gas, including 1,544 lbs of steel and 677 lbs of fiber which were produced during the shredding stage of scrap tires.

While management is optimistic, it cautions that further ramp-up testing may bring to light other issues that may require adjustments. About the Hawkesbury TDP Facility: The Hawkesbury facility building is 46,200 sq.ft and has an impressive indoor clearance of 28 feet. It is state-of-the-art and houses 4 main production departments, tire shredding, thermal decomposition, recycled carbon black refining and oil fractionation.

Once fully operational, this facility is expected to process a minimum of 14,000 metric tons of tire waste per year and produce 5,300 metric tons of recovered carbon black, 42,700 barrels of oil, 1,800 metric tons of steel, 1,600 metric tons of process gas and 850 metric tons of fiber. About the Shamrock TDP project: Processing capabilities for the Shamrock facility is projected at 42,000 metric tons per year of end-of-life tires, yielding approximately 15,900 metric tons of recovered carbon black, 128,100 barrels of oil, 5,400 metric tons of steel, 2,550 metric tons of fiber and 4,800 metric tons of syngas; roughly three times the size of the Company's Hawkesbury (Ontario) plant output. Facility construction is expected to begin by the end of the fourth quarter of 2023 with completion expected by the end of the second quarter of 2025.

Projected cost to build is approximately US $93 million.