Montreal, QC, November 14, 2024 – TheNewswire – Ecolomondo Corporation (TSXV: ECM) (OTCQB: ECLMF) (hereafter referred to as “the Company” or “Ecolomondo”), a renowned leader in the field of sustainable tire recycling technology, has officially announced the resignation of Mario Girard from its Board of Directors.
In a heartfelt resignation letter, Mr. Mario Girard conveyed his decision to step down from Ecolomondo Corporation’s Board of Directors, including its wholly-owned subsidiaries. He is set to embark on a new journey as Quebec’s Delegate General in Tokyo, a prestigious diplomatic role that necessitates his departure from numerous board positions with both public and private companies.
Throughout his tenure, Mr. Girard played a pivotal role in transforming the company’s financial landscape while actively advocating for initiatives aimed at enhancing the local environment, particularly in improving air quality and reducing industrial emissions.
The Board of Directors extends its best wishes to Mr. Girard as he transitions into this new chapter of his diplomatic career. Currently, the Board has decided to hold off on appointing a replacement for Mr. Girard, especially in light of the recent addition of Mrs. Lynn Côté to the Board.
“We express our heartfelt gratitude to Mario Girard for the invaluable support and guidance he has provided over the years. While we are saddened by his departure from our Board, we recognize that the Government of Quebec has made an excellent addition to its diplomatic team,” remarked Jean-François Labbé, the Interim CEO of Ecolomondo.
Ecolomondo Corporation is a prominent Canadian cleantech company celebrated for its innovative Thermal Decomposition technology (TDP) and is headquartered in Québec, Canada. With a remarkable 25-year history, the firm has focused on advancing its proprietary technology and deploying turnkey TDP facilities across various locations. This advanced TDP process is designed to recover high-value, reusable materials from scrap tire waste, particularly producing recycled carbon black (rCB), oil, syngas, fiber, and steel. Ecolomondo aims to establish itself as a leading player in the cleantech sector and contribute significantly to the global circular economy. The company’s shares are traded in Canada on the TSX Venture Exchange under the ticker symbol (TSXV: ECM) and on the OTCQB in the United States under (OTCQB: ECLMF). For more information, visit www.ecolomondo.com.
About the Hawkesbury Plant – A 2-Reactor TDP Facility
The Hawkesbury facility spans 46,200 square feet with a towering indoor clearance of 28 feet, representing state-of-the-art technology in tire recycling. It consists of three primary production departments: tire shredding, thermal decomposition, and the refining of recycled carbon black. Once fully operational, this facility is expected to process an impressive 1.5 million scrap tires per year, generating approximately 4,500 metric tons of recovered carbon black, 5,400 metric tons of oil, and 2,250 metric tons of steel, while also handling 1,350 metric tons of process gas.
About the Shamrock Project – A 6-Reactor TDP Facility
The Shamrock facility is projected to process an astonishing 5 million end-of-life tires annually, yielding roughly 15,000 metric tons of recovered carbon black, 18,000 metric tons of oil, 7,500 metric tons of steel, and 4,500 metric tons of syngas. This output is nearly three times that of the Hawkesbury plant, which is anticipated to soon commence regular commercial operations. The construction of this facility is slated to begin in the third quarter of 2025, with an estimated project cost of around US$93 million.
Ecolomondo’s mission is to actively engage in a dynamic circular economy while enhancing shareholder value through the production and supply of substantial quantities of recovered resources for the manufacturing of new products.
Ecolomondo envisions becoming a leading producer and reseller of recovered resources by establishing and operating TDP facilities strategically located in industrialized countries, ensuring proximity to essential feedstock, skilled labor, and clients who purchase the end products.
The Company’s strategy focuses on being a major global builder and operator of turnkey TDP facilities, primarily specializing in the processing of end-of-life tires (ELTs). Ecolomondo is set to expand aggressively across North America and Europe, leveraging its experience and modular technology to achieve faster and more efficient growth. The company remains committed to ongoing research and development to ensure it stays at the forefront of technological advancements.
A confirmation of Ecolomondo’s innovation and commitment to sustainability is evident in the recent International Sustainability and Carbon Certification (“ISCC”) awarded to its Hawkesbury TDP facility. This certification enhances the traceability and identity of feedstocks, potentially increasing the commercial value of the company’s end products.
Ecolomondo has achieved ISO certifications including 9001:2015, 14001:2015, and 45001:2018 for its Integrated Management System (IMS), underscoring its dedication to quality management, environmental sustainability, and the health and safety of its workplace.
The Company is committed to measuring key social aspects, which include global health and safety standards, injury rates, and gender diversity. The corporate governance dimension focuses on ethics, anticorruption measures, comprehensive ESG reporting, and the independence of board members.
The TDP process is recognized for its technical advancements and superiority over traditional pyrolysis technologies. Ecolomondo’s technological teams have successfully navigated various uncertainties that have often hindered competitors, particularly in areas such as pre-filtration, reactor cooling, and emissions control among other critical challenges.
Utilizing its TDP technology, Ecolomondo is positioned to significantly reduce greenhouse gas emissions. The production of rCB at both the Hawkesbury and Shamrock facilities is expected to result in a considerable reduction in CO2 emissions—15,000 tons per year from Hawkesbury and 45,000 tons from the Shamrock facility.
Please follow Ecolomondo’s journey and updates on various social media platforms including Twitter, Facebook, LinkedIn, Instagram, and YouTube.
Ecolomondo Corporation Contact
Eliot Sorella
Executive Chairman, Ecolomondo
Tel: (450) 587-5999
esorella@ecolomondocorp.com
The information in this news release includes certain statements regarding management’s expectations, plans, and future prospects. These forward-looking statements are based on assumptions that carry significant risks and uncertainties, which may lead to actual results diverging materially from those anticipated. While Ecolomondo believes that these expectations are reasonable, it provides no assurances that they will prove to be accurate. The Company disclaims any obligation to update or revise forward-looking statements as necessary.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts any responsibility for the adequacy or accuracy of this release.
How will the new projects in Hawkesbury and Shamrock influence Ecolomondo’s position within the cleantech industry?
**Interview with Jean-François Labbé, Interim CEO of Ecolomondo Corporation**
**Interviewer:** Thank you for joining us today, Jean-François. Let’s start with the recent news. Mario Girard has resigned from the Board of Directors. Can you share how his departure will impact Ecolomondo?
**Jean-François Labbé:** Thank you for having me. Mario Girard has been an invaluable asset to Ecolomondo, contributing significantly to our financial and environmental strategies. His departure is certainly a loss for us, but we also respect his decision to take on the role of Quebec’s Delegate General in Tokyo. We wish him all the best in this prestigious diplomatic position.
**Interviewer:** You mentioned the company is holding off on appointing a replacement for Mr. Girard. Is there a specific reason for this decision?
**Jean-François Labbé:** Yes, the Board has recently added Mrs. Lynn Côté to our ranks, and we believe it’s prudent to allow her time to settle in before making any further changes. Our focus is on continuity and ensuring that our existing members can align our strategies effectively during this transition.
**Interviewer:** Ecolomondo is at the forefront of sustainable tire recycling technology. How do you view the company’s position in the cleantech sector, especially with the upcoming projects in Hawkesbury and Shamrock?
**Jean-François Labbé:** Ecolomondo is committed to advancing our Thermal Decomposition technology, and we see it as critical not just for our growth but for the broader circular economy. The Hawkesbury plant will significantly boost our output, and the Shamrock facility is projected to be a game-changer. Together, these projects will enable us to contribute even more towards sustainable practices and recovery of valuable materials from tire waste.
**Interviewer:** The company has recently received the International Sustainability and Carbon Certification for the Hawkesbury facility. Can you elaborate on what this means for Ecolomondo?
**Jean-François Labbé:** Absolutely. Being awarded the ISCC enhances the traceability and legitimacy of our feedstocks, which can positively impact our market value. It represents our commitment to sustainability and our alignment with international standards for environmental responsibility.
**Interviewer:** Lastly, how does Ecolomondo plan to evolve as a leader in the cleantech space, especially in light of its stringent commitments to ESG and quality management?
**Jean-François Labbé:** Our strategy revolves around expanding our TDP facilities in North America and Europe while continuously investing in research and development. By staying ahead of technology and adhering to our ESG commitments, we aim not only to enhance shareholder value but also to make meaningful contributions to environmental sustainability. Our clear focus will ensure we maintain our status as a leader in this evolving industry.
**Interviewer:** Thank you, Jean-François, for your insights and updates on Ecolomondo’s future plans.
**Jean-François Labbé:** Thank you for having me. It’s been a pleasure to share our journey and vision for a sustainable future.