Ecolomondo Reclassifies its Industry Designation

Core Viewpoint - Ecolomondo Corporation has reclassified its industry designation to Material Recovery Facilities, aligning its operations with its mission of transforming end-of-life tires into sustainable commodities [1][2][5]. Company Overview - Ecolomondo is a Canadian cleantech company specializing in sustainable scrap tire recycling technology, particularly its proprietary Thermal Decomposition Process (TDP) [8][12]. - The company aims to recover high-value reusable commodities from scrap tire waste, including recovered carbon black (rCB), oil, syngas, fiber, and steel [8][12]. Industry Classification - The new classification allows for better comparison with peers in the cleantech and resource recovery sectors, rather than traditional recycling or landfill operations [5][6]. - This change is expected to enhance clarity for analysts and attract investors by positioning the company as a high-value commodity recovery entity [6][7]. Environmental Impact - The TDP technology significantly reduces greenhouse gas emissions, with a 90% reduction in emissions compared to the production of virgin carbon black [18]. - The Hawkesbury facility is projected to reduce CO2 emissions by 15,000 tons per year, while the upcoming Shamrock facility is expected to reduce emissions by 45,000 tons annually [18]. Facility Details - The Hawkesbury facility is designed to process approximately 1 million scrap tires per year, producing around 4,000 MT of rCB, 5,000 MT of pyrolysis oil, 2,000 MT of steel, and 1,200 MT of process gas [9]. - The Shamrock facility, with a processing capacity of 5 million tires per year, is expected to yield approximately 15,000 MT of rCB, 18,000 MT of oil, and 7,500 MT of steel [10]. Strategic Goals - Ecolomondo's strategy focuses on becoming a major global builder and operator of TDP facilities, with plans for aggressive expansion in North America and Europe [13]. - The company is committed to ongoing research and development to maintain technological advancement in the cleantech sector [13]. Certification and Standards - The Hawkesbury facility has received the International Sustainability and Carbon Certification (ISCC), enhancing the commercial value of its end-products through traceability [14]. ESG Commitment - Ecolomondo is measuring various social and governance metrics, including health and safety, gender diversity, ethics, and ESG reporting [16].