Business
Ecolomondo Reports on the Progress of Its New Hawkesbury TDP Turnkey Facility
(TheNewswire) Montreal - TheNewswire - October 2, 202...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Reports on the Progress of Its New Hawkesbury TDP Turnkey Facility \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 Montreal -\n \n \n TheNewswire\n-\n \n \n October 2, 2020\n \n \n Ecolomondo Corporation (\n \n \n TSXV:ECM\n \n \n ) (the \"Company\" or\n\"Ecolomondo\n \n \n \") reports on the progress\nof construction of its new, first of its kind, Thermal Decomposition\n(\"\n \n \n TDP\n \n \n \") turnkey facility that is being built in Hawkesbury,\nOntario.\n \n \n \n \n Progress is proceeding according to plan and on budget\nwith commissioning scheduled to begin in the fourth quarter of\n2020.\n \n \n \n \n Management reports that the building and all on site\nsupporting slabs and pavilions are nearing completion. Equipment\ndeliveries have begun and will ramp up in the coming weeks.\nInstallation of the carbon black line has already begun with\ninstallation of the remaining equipment to progressively\nfollow.\n \n \n \n \n \"When I was first introduced to\nthis technology, I did not quite realize how amazing it actually is.\nTo see this plant being built from the ground up is very satisfying.\nIt is incredible to witness the progress on a daily basis\", says\nEliot Sorella, Chairman & CEO of the Company.\n \n \n \n \n Management now estimates that the direct costs to build\nthe Hawkesbury TDP turnkey facility, including all equipment, land,\nbuilding and soft costs, at approximately $37.6 million, of which\napproximately $32.1 million is expected to come from the proceeds of\nthe project financing loan from EDC and the balance of approximately\n$5.5 million from the Company, which the Company has already\ncontributed entirely.\n \n \n \n \n As of August 31, 2020, capital expenditures totalled\napproximately $24,162,518 and are essentially for site purchase,\nengineering, site preparation, building construction, labor,\npermitting and equipment purchases.\n \n \n \n \n Below are various pictures showing the progress of\nconstruction:\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n ...