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Ecolomondo reports 2018 third quarter results
Ecolomondo reports 2018 third quarter results Canada NewsWire MONTREAL, Nov. 22,...
About this update from Ecolomondo Corporation
[{"type":"text","content":"\n\n\n\nEcolomondo reports 2018 third quarter results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Nov. 22, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n MONTREAL, Nov. 22, 2018 /CNW Telbec/ - Ecolomondo Corporation (TSXV: ECM) (the \"Company\" or \"Ecolomondo\") releases its unaudited interim condensed consolidated financial statements and notes hereto and its related management discussion & analysis as of and for the three and nine months ended September 30, 2018 (the \"Interim Financial Statements\"). \n\n \n \n\n \nDuring this quarter, the Company continued its efforts to complete the conversion of its Contrecoeur facility to become a partially commercialized TDP facility. The Company achieved a major milestone and completed the installation and commissioning of a post-process treatment line to refine the recycled carbon black that it produces at its Contrecoeur facility. This facility now has the equipment to produce a commercial grade recycled carbon black, which was easily approved and purchased by customers that are large consumers of carbon black, a major step towards its commercialization of the Contrecoeur facility. During this period, the Contrecoeur facility operated on a limited commercial basis and the Company expects to complete its partial commercialization in the fourth quarter of 2018. Partial commercialization is considered to be achieved when the Contrecoeur facility processes three batches of seven tons per week.\nDuring this period, the joint venture entity, Ecolomondo Environmental (Hawkesbury) Inc., completed the purchase of the land for the TDP turnkey facility and the city of Hawkesbury began constructing the access road on Tessier street. The Company confirms that the EPCM contractor, Ultragen, mandated to build the Hawkesbury TDP turnkey facility, was also actively working and made substantial progress in the areas of engineering, procurement and construction design. Construction of the Hawkesbury facility is exp...