Ecolomondo Corporation has secured sufficient feedstock to support operations at its planned six-reactor Thermal Decomposition Process facility in Shamrock, Texas. The company executed multiple letters of intent with tire retailers and municipalities confirming committed volumes of end-of-life tires, positioning the project to generate tipping fee revenue similar to its Hawkesbury facility. This feedstock agreement represents a critical milestone for Ecolomondo's expansion plans in the United States.
The Shamrock plant is projected to be three times the size of Ecolomondo's Hawkesbury plant. The company expects the Texas facility to benefit from experience gained during Hawkesbury construction and from its modular technology, which is designed to lower capital expenditures, shorten lead times and reduce risk. Thermal Decomposition Process technology recovers high value re-usable commodities from scrap tire waste, including recovered carbon black, oil, syngas, fiber and steel.
The company trades in Canada on the TSX Venture Exchange under the symbol ECM and in the United States under the symbol ECLMF. Additional information about the company is available at https://www.ecolomondo.com. The full press release detailing this development can be viewed at https://ibn.fm/kleZy.
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