Ecolomondo breaks ground in Ontario on construction of turnkey tire recycling facility
New TDP operation expected to process over 18,000 tons of tire waste per year
Ecolomondo Corporation hosted its groundbreaking ceremony on August 21, 2019 to launch the beginning of construction on its new latest generation TDP (tire-derived products) turnkey plant that will be located on Tessier street in Hawkesbury, Ontario.
The ceremony was held in the presence of numerous dignitaries and community representatives. The president and CEO of Ecolomondo, Eliot Sorella, along with the Mayor of the Town of Hawkesbury, Paula Assaly, the federal Member of Parliament, Francis Drouin, the president of Maylan Group, Daniel Landry, and Jean-Philippe Nolet, the Director of the project financing group (Export Development Canada), performed a symbolic dig to officially launch the beginning of construction.
"Once commissioned, this TDP turnkey facility will set the stage for Ecolomondo's global expansion. This facility will be an industry first, where it will not only process the tire waste but will also process end-products to improve their quality, marketability, consistency and value", said Eliot Sorella, president & CEO of Ecolomondo. He further added "Ecolomondo, a waste-to-resources company, along with its TDP technology, will help bridge the way to maintaining a sustainable economy."
The Hawkesbury TDP turnkey facility will be a first of its kind and be used as a technological showpiece to promote TDP turnkey facilities internationally. Once built, this state-of-the-art facility will be housed in a 46,200 sq.ft building on approximately 12 acres of land and consist of four processing departments (shredding and rubber preparation, thermal, carbon black processing, oil distillation) and, when fully operational, this facility is expected to process a minimum of 18,000 tons of tire waste per year and produce approximately 5,300 tons of recovered carbon black, 47,600 barrels of oil, 2,000 tons of steel, 1,800 tons of fiber and 1,600 tons of process gas.
Ecolomundo recently completed its project financing loan of $32.1 million with Export Development Canada ("EDC"), which is expected to close before the end of the third quarter. The Company believes that EDC will be a key player in the Company's global growth and the proliferation of TDP turnkey plants. EDC is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage.
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