Business
Ecolomondo Initiates TDP Facility Expansion into US With Shamrock, Texas Site Selection
(TheNewswire) Binding Agreement for 136 Acre Land Purchase Underway W...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Initiates TDP Facility Expansion into US With Shamrock, Texas Site Selection\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n Binding Agreement\nfor 136 Acre Land Purchase Underway With Help From Shamrock Economic\nDevelopment Corporation\n \n \n \n \n Montreal, QC –\n \n \n TheNewswire\n-\n \n \n November 30, 2021--\n \n \n \n Ecolomondo Corporation\n \n \n \n (\n \n \n TSXV:ECM) (OTC:ECLMF) (the\n“\n \n \n Company\n \n \n ” or “\n \n \n Ecolomondo\n \n \n ”), a cleantech company\nspecializing in the development of proprietary recycling technology,\nThermal Decomposition Process (“\n \n \n TDP\n \n \n ”), and the\ncommercialization of turnkey TDP facilities, today announced it has\nidentified a 136.76 acre property in Shamrock, Texas as a potential\nsite location to build its first US-based waste-to-resources TDP\nplant.\n \n \n \n \n Working in close consultation with the Shamrock\nEconomic Development Corporation (“EDC”), Ecolomondo is currently\nnegotiating a binding land purchase agreement and expects to close on\nthe transaction in the coming weeks. The Company intends\n \n \n to build turnkey TDP recycling facilities throughout the\nUnited States that process end-of-life tires (“\n \n \n ELT\n \n \n ”) into saleable\nproducts including recycled carbon black, oil, gas, steel and\nfiber.\n \n \n \n \n Strategically situated in Wheeler County and close to\nmajor hubs such as Dallas and Oklahoma City, the land is conveniently\nlocated on Interstate 40, a major east–west Interstate Highway\nrunning through the south-central portion of the United States. A\nfuture TDP facility would help service area recycling needs as\nmunicipal and state officials move away from tire burning, landfilling\nand shredding.\n \n \n \n \n “\n \n \n Industry executives and\ngovernments throughout North America are embracing the notion of\nExtended Producer Responsibility programs, but need solutions in place\nto take back and responsibly recycle end-of-of-life products,”\ns\n \n \n aid Eliot Sorella, Chairman and Chief Executive\nOfficer of Ecolomondo “\n \n \n Forward thinking\nleaders like Shamrock’s EDC are acting both smartly and responsibly\nas they consider and push for positive change and increased economic\na...