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Ecolomondo Announces Multi-Million Dollar Offtake Agreement for Recovered Carbon Black from Leading Manufacturing Company
(TheNewswire) Montreal, QC – TheNewswire - March 16, 2022 -- ...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Announces Multi-Million Dollar Offtake Agreement for Recovered Carbon Black from Leading Manufacturing Company\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Montreal, QC –\n \n \n TheNewswire -\n \n \n March 16, 2022 --\n \n \n Ecolomondo Corporation\n \n \n (TSXV:ECM) (OTC:ECLMF) (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Ecolomondo\n \n \n ”), a cleantech company specializing in the\ncommercialization of its Thermal Decomposition Process\n(“\n \n \n TDP\n \n \n ”) proprietary recycling technology and building and\noperating turnkey TDP facilities globally, announces that it has\nsecured an offtake agreement for up to 80% of its Recovered Carbon\nBlack (rCB) production from the Company’s Hawkesbury TDP\nfacility.\n \n \n \n \n The initial purchase order is for 8 truckloads of rCB\ntotalling 181 metric tons for delivery in April and May 2022, followed\nby 10 truckloads per month and growing to 20 monthly over the next\nyear. The Hawkesbury TDP plant has an estimated annual rCB production\ncapacity of 5,300 tons having a potential value of over US$7 million\nat the current market price. Recovered carbon black is produced by\nprocessing end-of-life tires using Ecolomondo’s proprietary\npyrolysis process. The market for rCB is rapidly growing, as rCB is\nconsidered as a favorable substitute for virgin carbon black due to\nits exceptional chemical composition and its low environmental\nfootprint.\n \n \n \n \n “This Agreement solidifies the fact that the\nmanufacturing industry is actively embracing  rCB as a sustainable\nmeans to ensure steady supply of a high-demand resource,” stated\nEliot Sorella, Chairman & CEO. “Our trendsetting technology,\nalong with our dedication to product quality, are clearly resonating\nwith buyers and helping to position Ecolomondo as a leading supplier\nof rCB.”\n \n \n \n \n Comprised of four different processing departments\n(Tire Shredding, Thermal Processing, Recovered Carbon Black and Oil\nFractionation), the Hawkesbury TDP facility is expected to process a\nminimum of 14,000 tons of tire waste per year when fully operational,\nproducing 5,300 tons of recovered carbon black, 42,700 barrels of oil,\n1,800 tons of steel, 1,600 tons of process gas and 850 tons of fiber\nwhen operating...