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Notable Updates Include:
All major building installations are now complete and undergoing final inspection by municipal authorities;
Pre-commissioning testing and commissioning of the electrical supply grid has been completed, receiving a positive evaluation from the Electrical Safety Authority Field Evaluator (“ESAFE”);
Installation of the shredding and of the recovered carbon black processing lines are now complete and being prepared for final commissioning and start-up;
Pre-commissioning of the Thermal Decomposition piping is completed, and the scrubbers and flare are being readied for commissioning and start-up;
The Automation System logic and control panels for the Thermal Decomposition are fully installed and functioned according to expectations in pre-commissioning testing, an important milestone in the commissioning of the plant; and
Installation of the oil fractionation system continues, and it is expected to be ready for pre-commissioning testing in early February.
The Company remains committed to providing progress updates to all stakeholders, and expects commissioning to be completed by the second week of
The Company further announces that discussions with interested customers have been successful and it believes the oil, steel, recovered carbon black and fiber will be sold to interested customers as product become available and at pricing equal to or higher than originally projected.
“Market conditions for recycled products are very promising,” states
About TDP Technology
Thermal Decomposition Process technology is a proprietary waste-to-resources technology that the Company expects will play a critical role in the development and proliferation of the circular economy.
TDP is a closed loop, slow pyrolysis technology that operates in an oxygen-free environment using positive pressure and a batch rotary reactor. The process is largely energy self-sufficient. Ecolomondo’s exclusive automation system allows for strictcontrol of cycle times, processing parameters and consistent batch production, resulting in quality, commercial-grade recycled commodities and end-products.
About
Revenue growth will come from the operations of fully-automated and energy self-sufficient TDP facilities and from the sale of end-products, tipping fees and carbon credits. Ecolomondo’s initial focus is to aggressively market TDP facility expansion throughout
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law,
The securities offered have not been, nor will they be, registeredunder the
For further information please contact:
Chairman and Chief Executive Officer,
Tel: (450) 587-5999
esorella@ecolomondocorp.com
www.ecolomondo.com
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