Business
Ecolomondo Announces Receipt and the Beginning of Installation of its New Milling Line
(TheNewswire) Montreal, QC – TheNewswire - January 29, 2025 -- Ecolomond...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Announces Receipt and the Beginning of Installation of its New Milling Line\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Montreal, QC –\n \n\n TheNewswire\n-\n \n\n January 29, 2025 --\n \n\n Ecolomondo Corporation\n \n\n (TSXV: ECM) (OTCQB: ECLMF) (the “\n \n\n Company\n \n\n ” or\n“\n \n\n Ecolomondo\n \n\n ”), a leading innovator in sustainable scrap tire recycling\ntechnology, is pleased to\n \n\n announce\n \n\n that it has received and began the installation of its new\nmilling line, as planned.\n \n\n\n\n The Company recently received the delivery of its new\nmilling line purchased in August 2024. The Company has been preparing\nfor the installation of the new milling line for several months to\nensure its installation would be as seamless as possible. Once\ninstalled, this new milling line will be fully automated using HMI\ntechnology. As previously announced, the milling line is expected to\nhave a capacity to process 2,200 lbs per hour of recovered carbon\nblack (“rCB”) with a particle size distribution of 90% between\n10-15 microns, specifications required by most of the Hawkesbury\nplant’s rCB off-take customers.\n \n\n\n\n The processing capacity of the new milling line should\nmore than satisfy the production capacity of rCB produced at the\nHawkesbury plant. Achieving this milestone and commissioning the new\nmilling line are very important to reaching full commercialization,\nbecause rCB is the main revenue driver of the Hawkesbury plant.\n \n\n\n\n Commissioning of the new milling line is expected to\nbegin in March 2025 with initial rCB milling production expected to\nbegin in May 2025, gradually ramping-up to full production by late in\nthe fourth quarter of 2025.\n \n\n\n\n While the Hawkesbury facility was waiting for the new\nmilling line, operations and efficiency were aggressively increased,\nalways working towards full optimization. In 2024, the Company\nincreased the shredding capacity and processed over 1,200 metric tons\nof scrap tires, ran 78 TDP batches at full capacity of 15,000 lbs,\nshipped approximately 1,800 barrels of tire-derived oil (13 tanker\nloads of 145 barrels), and sold 138 metric tons of steel. The\nHawkesbury facility also produced approximately 200 metric tons of\nrCB...