Completion of the transaction is subject to due diligence on the property by the company and is scheduled to close on June 27, 2018.
This new TDP facility is expected to be built on approximately 13.4 acres and to be housed in a building of approximately 52,000 sq.ft. to be located on Tessier street in Hawkesbury. It is expected to be equipped with two reactors having a production capacity to process approximately 13,000 tons of tire waste per year. The new facility is expected to have the latest generation thermal decomposition technology in its four processing departments, namely shredding, thermal decomposition, carbon black processing, and oil distillation.
This facility is expected to recover 5,000 tons of carbon black, over 6,5 million liters of oil, 1,200 tons of process gas and over 1,600 tons of steel per year.
To spearhead construction of this facility, Ecolomondo has concluded an EPCM (Engineering, Procurement, Construction, Management) service agreement with Ultragen, a prominent engineering company highly experienced in the areas of waste processing and petrochemicals.
The company expects to begin construction of the Hawkesbury facility early in the fall 2018 and to complete construction and commissioning by the end of the second quarter of 2019.
Ecolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process 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 critical to future sustainability.
The company’s main revenues will come from the sale of TDP turnkey facilities and royalties from their operations. TDP facilities will generate revenues from the sale of end-products, tipping fees and carbon credits. 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