Business
Ecolomondo Provides Update on Hawkesbury Commissioning and Start-Up
(TheNewswire) Montreal, QC – TheNewswire - November 8, 2021 --...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Provides Update on Hawkesbury Commissioning and Start-Up\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Montreal, QC –\n \n \n TheNewswire\n-\n \n \n November 8, 2021 --\n \n \n \n \n Ecolomondo\nCorporation\n \n \n \n \n (TSXV:ECM) (OTC:ECLMF)\n(the “\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 reports that its\nHawkesbury TDP facility commissioning timelines  remain on schedule\nand expects commercial operations that include end-of-life tire crumb\nrubber and carbon black processing will commence this fiscal Quarter.\n \n \n \n \n Notable updates include:\n \n \n \n \n \n \n - Hawkesbury, Ontario TDP Facility\nNears Completion\n \n \n : All major mechanical assembly\nand installation has been completed. Commissioning of the plant’s\npower grid is nearing completion, with testing of carbon black and\ncrumb rubber processing equipment, along with thermal decomposition\nand oil fractionation equipment, to soon follow. On the heels of its\npreviously announced\n \n \n \n \n $3.4m multi-year tire\nfeedstock supply contract\n \n \n \n \n , Ecolomondo\nis also negotiating offtake agreements with buyers of oil, steel,\nfiber and recycled carbon black, as the Company is preparing for its\ncommercial operations expected to launch before year-end.\n \n \n \n \n \n \n \n \n - Attractive Capex:\n \n \n Hawkesbury project costs and cash flows continue to remain\nwithin the guidelines of loan covenants with Export Development Canada\n(EDC). Total estimated budget for the Hawkesbury TDP turnkey facility\nstands at approximately $38.375 million, of which approximately\n$32.125 million comes from the loan facility from EDC and the balance\nof approximately $6.25 million fro\n \n \n m the Company,\nwhich has already been contributed.\n \n \n \n \n \n \n \n \n - Hawkesbury Operations\n \n \n : The plant will consist\n \n \n of four\ndifferent departments: shredding, thermal process, recovered carbon\nblack processing and oil distillation, with\n \n \n the\nability to operate around the clock, year-round.\n \n \n The facility is projected to generat...