Ecolomondo Nears Start-up Of Hawkesbury TDP Plant
Montreal, Canada-based Ecolomondo Corporation, a cleantech company specializing in the development of proprietary recycling technology, Thermal Decomposition Process (TDP), and the commercialization of turnkey TDP facilities, recently reported that it expects commercial operations that include end-of-life tire crumb rubber and carbon black processing will launch before year-end.
As the facility nears completion, all major mechanical assembly and installation is in place and the facility’s power grid is nearing completion, with testing of carbon black and crumb rubber processing equipment, along with thermal decomposition and oil fractionation equipment, to soon follow.
On the heels of its previously announced $3.4m multi-year tire feedstock supply contract, Ecolomondo is also negotiating offtake agreements with buyers of oil, steel, fiber and recycled carbon black. According to the company, the Hawkesbury project costs and cash flows continue to remain within the guidelines of loan covenants with Export Development Canada (EDC). Total estimated budget for the Hawkesbury TDP turnkey facility stands at approximately $38.375 million, of which approximately $32.125 million comes from the loan facility from EDC and the balance of approximately $6.25 million from Ecolomondo, which has already been contributed.
The plant will consist of four different departments: shredding, thermal process, recovered carbon black processing and oil distillation, with the ability to operate around the clock, year-round. The facility is projected to generate annual revenues of over $10 million with an EBITDA of over $5 million in its first full year of continued operations. Eliot Sorella, Chairman and Chief Executive Officer of Ecolomondo believes Hawkesbury will be the first-of-its-kind and uniquely positioned in the waste processing space.
“Our Hawkesbury facility is both innovative and trend setting, and should set the standard for the global tire pyrolysis industry. I believe it will solidify our position in the marketplace,” he said.
“Designed and built to manufacture recycled end-products of the highest quality, the Hawkesbury TDP turnkey facility is expected to process 14,000 metric tons of crumb rubber per year, yielding 5,300 metric tons of recycled carbon black, 42,700 barrels of oil, 1,800 metric tons of steel, 850 metric tons of fiber and 1,600 metric tons of syngas.
© Scrap Tire News, December 2021