Ecolomondo Corporation announced that it reached a new milestone in its ramp-up phase. The Company has focused its efforts on the beginning of commercial production at its Hawkesbury TDP facility. After performing initial test batches, the Company increased its batch payload to 10,000 lbs during another successful batch completed on May 24, 2023.

This batch size of 10,000 lbs used 564 end-of-life tires (ELTs) to produce 3,800 lbs of carbon black, 15 barrels of oil and 1,150 lbs of process gas, and including 1,287 lbs of steel and 564 lbs of fiber that were extracted from the scrap tires during the shredding stage. This batch is expected to generate gross revenues of CAD 5,853, including tipping fees collected for processing ELTs. Previously in this year, technical teams performed numerous test runs using both Reactors 1 and 2. These test runs allowed them to acquire the necessary knowledge and experience to improve process efficiency, validate capacity of burners, evacuation system and all thermalApparatus.

Once reactor payloads have successfully achieved the 15,000 lbs threshold, the Company expects to start with the final stage of its ramp-up phase, starting with one batch per day, followed by 2 batches per day and ending with 3 batches per day for each of the two reactors. While management is optimistic of its schedule, it cautions that further ramp-up testing may bring to light certain adjustments that may require adjustments from time to time.