Business
Ecolomondo Establishes US Holding Company Forms Waste-to-Resources Recycling Corporation as Company Prepares for International Expansion
(TheNewswire) Montreal, QC – TheNewswire - November 24...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Establishes US Holding Company Forms Waste-to-Resources Recycling Corporation as Company Prepares for International Expansion \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n Montreal, QC –\n \n \n TheNewswire\n-\n \n \n November 24, 2021--\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 development of\nproprietary recycling technology, Thermal Decomposition Process\n(“\n \n \n TDP\n \n \n ”), and the commercialization of turnkey TDP facilities,\ntoday announced that it has established Ecolomondo Corporation USA\nInc., with a focus to build\n \n \n turnkey TDP\nfacilities throughout the United States that process End-of-life tires\n(“\n \n \n ELT\n \n \n ”) into saleable end-products including recycled carbon\nblack, oil, gas, steel and fiber.\n \n \n \n \n Ecolomondo Corporation USA Inc. is expected to hold a\ncontrolling interest in all future US-situated TDP facilities as part\nof a global expansion strategy to roll-out its market-leading green\ntechnology and processing facilities that process ELTs into commodity\nproducts.\n \n \n \n \n “We are excited to bring Ecolomondo’s turnkey TDP\nfacilities into the US and offer advanced solutions to ELT processers\nand recyclers,” said Eliot Sorella, Ecolomondo’s CEO and Chairman.\n“After years of R&D testing, we will be set up to have\nengineering firms deliver TDP turnkey facilities in approximately\n12-18 months, all underpinned by a business model offering multiple\nrevenue streams with very low spending requirements on raw\nmaterials.”\n \n \n \n \n Ecolomondo was first incorporated and acquired by\nSorella in 2007, with a vision of developing a commercially viable\nindustrial-scale facility. Since then, management has focused on\ncreating a scalable end-to-end automated process with rigorous safety\nfeatures in place. The Company has tested and refined the process for\nyears, conducting many trial runs at its two-reactor pilot research\nand development (R&D) facility.\n \n \n \n \n The Hawkesbury TDP turnkey facility which will soon be\ncommissioned will incorporate all of the technological advancements\ndeveloped at the ...