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Pyrowave to team up with Loblaws to further develop its plastics microwave recycling technology

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Pyrowave, a Quebec-based plastics microwave recycling start-up, was recently announced as one of three winners in the Community of Leaders Innovating for Corporations (C.L.I.C.) challenge. As a winner, the company will be mentored by Galen Weston, Executive Chairman of
the Loblaw grocery chain.

Pyrowave converts plastic waste into chemical products used to make virgin-like (monomers) plastics, in order to make 100% polystyrene recycling possible, be it foam or rigid.

The C.L.I.C. Challenge matches CEOs from leading companies with pioneering Canadian-based start-ups that offer promising technological solutions in their industries. This first edition of the Challenge was open to mature start-ups, in the process of becoming series A or in a later stage of development, and focused on key industrial sectors that form the backbone of the country’s economy: agri-food, advanced manufacturing and extractive resources.

To further accelerate their development, Pyrowave has been invited to the Business Council of Canada’s members meeting in January. It will be a unique opportunity for them to pitch their innovative solution to the leaders of over 100 of Canada’s largest corporations.

The second edition of the C.L.I.C. Challenge is already under way with a new cohort of CEOs that will expand the Community of Leaders for Innovating Corporations, and details will be revealed early 2020 at clicchallenge.ca.

Pyrowave’s patented microwave catalytic depolymerization System

Ecolomondo secures $32 million loan to finance Thermal Decomposition Facility

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Ecolomondo Environmental (Hawkesbury) Inc., a subsidiary of Ecolomondo Corporation (TSXV: ECM)  recently announced that it entered into a loan agreement for $32.1 million in project financing with Export Development Canada (EDC), the proceeds of which are to be used to build the Company’s new, first of its kind turnkey Thermal Decomposition (TDP) facility that will be located in the Town of Hawkesbury, Ontario.

The Town of Hawkebury, where the TDP facility will be built is located on the Ottawa River, half way between the Cities of Ottawa and Montreal.

Once built and fully operational, this turnkey TDP facility is expected to process a minimum of 14,000 tons of tire waste per year and to produce 5,300 tons of recycled carbon black, 42,700 barrels of oil, 1,800 tons of steel and 1,600 tons of process gas.

Management now expects to break ground by June 2019 and to begin commissioning of the TDP facility in the first quarter of 2020, as originally scheduled.

“Ecolomondo is proud to conclude this loan agreement for this innovative project and proud to do so with an extremely professional organization such as Export Development Canada. EDC will be a key player in the commercialization of our cleantech proprietary technology and in doing so EDC is supporting the development of Ecolomondo’s future expansion both in Canada and overseas”, said Elio Sorella, President and CEO, Ecolomondo.

About EDC

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, EDC equips Canadian companies with the tools they need – the trade knowledge, financing solutions, investments, insurance, and connections – to take on the world with confidence. Underlying all EDC support is a commitment to sustainable and responsible business.

About Ecolomondo Corporation

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. Technologies such as Ecolomondo’s are expected to play an important role in resource recovery needed in today’s circular economy.

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.