Ecolomondo (TSX-V: ECM), based in St. Laurent, Quebec, recently provided an update on its efforts to convert its Contrecoeur, Quebec Thermal Decomposition Process (TDP) facility in a partially commercialized TDP facility. Contrecoeur is a small town in Quebec, approximately 70 km northwest of Montreal.
The Company achieved a major milestone and completed the installation and commissioning of a post-process treatment line to refine the recycled carbon black that it produces at its Contrecoeur facility. This facility now has the equipment to produce a commercial grade recycled carbon black, which was easily approved and purchased by customers that are large consumers of carbon black, a major step towards its commercialization of the Contrecoeur facility. During this period, the Contrecoeur facility operated on a limited commercial basis and the Company expects to complete its partial commercialization in the fourth quarter of 2018. Partial commercialization is considered to be achieved when the Contrecoeur facility processes three batches of seven tons per week.
Ecolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process (“TDP“) converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel.
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.