Recycling Product News Logo

Ecolomondo announces over $32 million in financing for innovative used tire recycling technology

New facility to be equipped with the latest generation reactors capable of processing at least 14,000 tons of tire waste per year

Ecolomondo announces over $32 million in financing for innovative used tire recycling technology

Ecolomondo Environmental, a subsidiary of Quebec-based Ecolomondo Corporation has secured an amount of CAD 32.1 million in project financing from Export Development Canada (EDC) to build a new, first of its kind turnkey Thermal Decomposition (TDP) facility that will be located on Tessier Street in the Town of Hawkesbury, Ontario.

Ecolomondo expects to achieve financial close by the end of March 2019, with proceeds of the financing to be used for engineering, construction and commissioning of the company's new TDP turnkey facility. The facility will be equipped with 2 of the latest generation reactors capable of processing at least 14,000 tons of tire waste per year yielding 5,300 tons of recycled carbon black, 42,700 barrels of oil, 1,800 tons of steel and 1,600 tons of gas.

Management plans to break ground for the construction of the building in April 2019 and expects to begin commercial operations in the first quarter of 2020. 
"The Hawkesbury turnkey facility will be one of the most technologically advanced thermal decomposition facilities in the world. It will be a technological showpiece that will demonstrate the commercial viability of our turnkey plants and that will set the stage for Ecolomondo's future expansion", said Elio Sorella, President and CEO, Ecolomondo.

Ecolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process ("TDP") converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. Technologies such as Ecolomondo's are expected to play an important role in resource recovery needed in today's circular economy. 

Ecolomondo's first focus is to market TDP turnkey facilities that use scrap tires as a feedstock, because scrap tires yield end-products with a higher commercial value, especially the recycled carbon black.

Company info

3435 Pitfield Blvd.
St.Laurent, QC
CA, H4S 1H7


Read more

More from Tire Recycling

Sponsored Brought to you by: Machinex Logo

Discover the main features of a reliable & efficient baler

Single-Ram and II-Ram High-Capacity Balers

At Machinex, we've been designing sorting systems for over 35 years, so we know how essential it is for MRF operators to have a baler they can trust and not worry about its operational reliability. This is why we design and manufacture reliable single-ram and II-ram high-capacity balers to specifically help optimize their operations.

 Watch the video of our expert who presents the main features of Machinex balers delivering these important benefits:

  • Easy & accessible maintenance
  • Reduced maintenance & bale handling costs
  • Energy savings
  • Optimal bale density
Learn more
Sponsored Brought to you by: Komptech Americas LLC. Logo

How to streamline C&D waste processing to increase profitability

For C&D recyclers, waste haulers, demolition contractors and landfills, there is a growing opportunity to profit from rethinking processes. Although every operation is different, by streamlining the front end of the C&D operation processes with purpose-built technologies, recyclers can tap into new end markets, accommodate higher material volumes, stay ahead of regulatory restrictions, increase recovery rates and add commodity revenue, while decreasing labor and other costs.

Download the new eBook to learn about:

  • Finding opportunities in the alternative to landfilling C&D
  • How facilities can increase their profits from C&D
  • Using the right C&D processing technology in the right locations
Learn more

Get our newsletter

Get our newsletter