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Ecolomondo Secures $2.7 million in Additional Financing
Thenewswire· 2026-02-11 23:10
Montréal, Québec, February 11, 2026 - TheNewswire — Ecolomondo Corporation (TSXV: ECM) (OTCQB: ECLMF) (the “Company” or “Ecolomondo”) announces that it has completed final documentation with Export Development Canada (“EDC”) for a $2.7 million in additional financing to support the final stage of the ramp-up of operations at the Company’s Hawkesbury tire-derived products (“TDP”) facility. The Company previously announced on January 12, 2026, that it had reached an agreement in principle with EDC for the fi ...
Citi Issues Upward Revision in Price Target for Air Products and Chemicals (APD)
Yahoo Finance· 2026-01-23 14:01
Group 1 - Air Products and Chemicals (NYSE:APD) is recognized as a strong investment opportunity in the materials sector, particularly favored by hedge funds [1] - Citi analyst Patrick Cunningham has maintained a Neutral rating on APD and increased the target price from $245 to $272, reflecting a positive outlook on the currency and sales environment for the specialty chemicals sector [1] - Bank of America Securities analyst Steve Byrne upgraded APD from Underperform to Neutral, setting a price target of $275, indicating a potential upside of 6.5% [2] Group 2 - Byrne's upgrade is based on the belief that market conditions are not as vulnerable as the volatility of APD shares suggests, and he acknowledged management's efforts to address challenges related to backlog projects [3] - The success of APD's turnaround strategy is expected to rely on traditional gas projects rather than underperforming legacy projects [3] - Air Products and Chemicals is a global leader in producing process and specialty gases, serving various industries including electronics, metals, chemicals, and energy [4]
Ecolomondo Executes on a Record Week
Thenewswire· 2026-01-22 15:40
Core Insights - Ecolomondo Corporation achieved a record production milestone by processing five double batches at its Hawkesbury facility, totaling 150,000 pounds of rubber crumb during the week of January 12, 2026 [1][2] Production Achievements - The Hawkesbury facility processed five double batches, each consisting of approximately 15,000 pounds of rubber crumb, leading to a total of 150,000 pounds processed [2] - This production resulted in the generation of approximately 60,000 pounds of recovered carbon black, 75,000 pounds of tire-derived oil, and 15,000 pounds of syngas, recycling around 9,375 scrap tires in total [3] Technology and Operations - All batches were completed using Ecolomondo's new Human-Machine Interface (HMI) automation system, which enhances operational consistency and the quality of end products [4] - The company continues to progress towards full commercial production at the Hawkesbury plant, demonstrating the scalability and reliability of its proprietary Thermal Decomposition Technology (TDP) [4] Company Overview - Ecolomondo Corporation specializes in its proprietary Thermal Decomposition Process (TDP) and has over 25 years of experience in developing and deploying TDP facilities [5] - The TDP technology recovers high-value commodities from end-of-life tires, including recovered carbon black, oil, syngas, fiber, and steel, contributing to a circular economy [6] Revenue Streams - Revenue from the Hawkesbury TDP facility is generated through the sale of end-products such as recovered carbon black, oil, steel, and syngas, as well as tipping fees for scrap tire disposal [7] Environmental Impact - The TDP process significantly reduces greenhouse gas emissions, with a 90% reduction in GHG emissions compared to the production of virgin carbon black [12] - The production of recovered carbon black at the Hawkesbury facility is expected to reduce CO2 emissions by 22,400 tons per year [12]
Ecolomondo Achieves Another Key Milestone, 4 TDP Batches Performed in One Day at its Hawkesbury TDP Facility
Thenewswire· 2025-11-25 14:00
Core Insights - Ecolomondo Corporation has achieved a significant milestone by performing four TDP batches in one day at its Hawkesbury facility, marking a first for the company [1][2] - The ramp-up of the Hawkesbury TDP facility is progressing well, with an increase in the number of batches processed, indicating a move towards full operational capacity [3][4] - The company continues to operate at a loss due to the ramp-up phase, despite the strong performance and increasing revenue streams from the sale of end-products [6] Production and Technology - The Hawkesbury TDP facility has successfully processed 30 batches in October 2025, compared to 17, 33, and 29 batches in the previous three quarters [3] - The TDP reactors are capable of processing two batches of 15,000 lbs of crumb rubber each day, which is crucial for achieving full ramp-up [4] - The facility utilizes new HMI automation technology to produce high-quality end-products, including recovered carbon black, tire-derived oil, and syngas [4] Financial Outlook - Revenue streams from the Hawkesbury TDP facility include sales of recovered carbon black, oil, steel, syngas, and tipping fees for scrap tire disposal [6][10] - The company aims for full ramp-up by July 2026, with growing demand for recovered carbon black and other resources expected to drive future revenue [10][9] Strategic Initiatives - Ecolomondo is focused on expanding its operations and management team to strengthen its capabilities [10] - The company is pursuing strategic initiatives, including a joint venture with Aresol Renewables, to enhance growth and operational efficiency [9] Environmental Impact - The TDP process significantly reduces greenhouse gas emissions, with a projected reduction of 15,000 tons of CO2 per year at the Hawkesbury facility [14]
Production Continues to Increase at Ecolomondo's Hawkesbury TDP Facility
Thenewswire· 2025-11-19 14:30
Core Insights - Ecolomondo Corporation is experiencing a steady increase in production at its Hawkesbury TDP facility, processing more batches and achieving higher volumes of recovered carbon black (rCB) and oil [1][2][4] Production and Performance - The Hawkesbury TDP facility processed 109 batches in the first 10 months of 2025, with 30 batches completed in October alone, marking a significant increase compared to previous quarters [2] - The facility's production included 4 double batches in just 4 days, all conducted in automatic mode, indicating enhanced operational efficiency [1][2] Revenue Streams - Revenue is generated from the sale of end-products such as rCB, oil, steel, syngas, and tipping fees for scrap tire disposal [4][10] - Despite the increase in production, the company continues to operate at a loss due to the facility still being in its ramp-up phase [4] Future Outlook - The company aims for full ramp-up of operations by July 2026, with new team additions to strengthen management and operations [9] - Growing demand for recovered resources, particularly rCB, is expected to support the company's growth trajectory [9][8] Environmental Impact - The TDP process significantly reduces greenhouse gas emissions, with a 90% reduction in GHG emissions compared to virgin carbon black production [14] - The production at the Hawkesbury facility is projected to reduce CO2 emissions by 15,000 tons per year [14]
Ecolomondo Announces Webinar "Progressing into the Future"
Thenewswire· 2025-10-10 13:30
Core Insights - Ecolomondo Corporation is hosting an interactive webinar on October 22, 2025, to discuss the ramp-up at its Hawkesbury TDP facility and its future impact [2] - The company has seen an increase in production and sales, along with growing interest in its renewable products from off-takers [2][7] - Ecolomondo's proprietary Thermal Decomposition technology (TDP) is designed to recover valuable commodities from scrap tire waste, contributing to the circular economy [8][13] Company Overview - Ecolomondo Corporation is a Canadian cleantech company focused on sustainable scrap tire recycling technology, with a 25-year history [8] - The company trades on the TSX Venture Exchange (TSXV: ECM) and OTCQB (OTCQB: ECLMF) [8] - Ecolomondo aims to be a leading player in the cleantech space and actively contribute to the global circular economy [8] Facility Details - The Hawkesbury TDP facility is a 46,200 sq.ft. modern plant with a capacity to process approximately 1 million scrap tires annually, producing around 4,000 MT of recovered carbon black, 5,000 MT of pyrolysis oil, 2,000 MT of steel, and 1,200 MT of process gas [11] - The Shamrock facility, a 6-reactor TDP plant, is projected to process 5 million end-of-life tires per year, yielding approximately 15,000 MT of recovered carbon black, 18,000 MT of oil, 7,500 MT of steel, and 4,500 MT of syngas [12] Revenue Streams - Revenue from the Hawkesbury TDP facility is generated through the sale of end-products such as rCB, oil, steel, and syngas, as well as tipping fees for scrap tire disposal [9] Environmental Impact - The TDP process significantly reduces greenhouse gas emissions, with a 90% reduction compared to virgin carbon black production [19] - The Hawkesbury facility is expected to reduce CO2 emissions by 15,000 tons per year, while the Shamrock facility is projected to reduce emissions by 45,000 tons annually [19] Strategic Vision - Ecolomondo's mission is to enhance shareholder value by producing large quantities of recovered resources for new product manufacturing [13] - The company plans to expand aggressively in North America and Europe, focusing on building and operating TDP facilities [14] - Ecolomondo has received International Sustainability and Carbon Certification (ISCC) for its Hawkesbury facility, enhancing the commercial value of its end-products [15]
Ecolomondo Increases Output at its Hawkesbury TDP Facility
Thenewswire· 2025-10-08 15:15
Core Insights - Ecolomondo Corporation has reported a significant increase in output at its Hawkesbury TDP facility, driven by rising demand for its end-products [1][2] - The company achieved record revenues for September 2025, marking a 325% increase compared to September 2024, although it continues to operate at a loss due to the facility's ramp-up phase [3] Production and Output - The Hawkesbury TDP facility processed 60 tons of crumb rubber over 4 days, recovering approximately 24 tons of recovered carbon black (rCB), 6 tons of syngas, and 350 barrels of tire-derived oil, equivalent to over 2 tanker loads of oil [2] - The facility is expected to process around 1 million scrap tires annually, producing approximately 4,000 MT of rCB, 5,000 MT of pyrolysis oil, 2,000 MT of steel, and 1,200 MT of process gas once fully operational [9] Revenue Streams - Revenue streams from the Hawkesbury TDP facility include sales of rCB, oil, steel, and syngas, as well as tipping fees for scrap tire disposal [3][8] Workforce Development - To meet the increasing production demands, Ecolomondo is hiring and training additional staff across all departments of the Hawkesbury TDP facility [4] Technological Advancements - The company emphasizes the efficiency of its proprietary Thermal Decomposition Process (TDP) technology, which ensures consistent output and product quality [5][16] Future Projects - Ecolomondo plans to construct the Shamrock facility, which will have a processing capacity of 5 million end-of-life tires per year, significantly increasing its production capabilities [10] Environmental Impact - The TDP process is noted for its environmental benefits, reducing greenhouse gas emissions by 90% compared to virgin carbon black production, with expected annual CO2 reductions of 15,000 tons from the Hawkesbury facility and 45,000 tons from the Shamrock facility [17] Certification and Market Position - The Hawkesbury facility has received the International Sustainability and Carbon Certification (ISCC), enhancing the commercial value of its end-products through improved traceability [13] - Ecolomondo aims to be a leading player in the cleantech sector, contributing to the global circular economy by producing high-value reusable commodities from scrap tire waste [6][11]
CHAR Tech, Synagro and the Baltimore City Department of Public Works Partner to Test Commercial-Scale Pyrolysis Pilot for PFAS Destruction
Globenewswire· 2025-05-07 12:00
Core Viewpoint - CHAR Technologies Ltd. is collaborating with Synagro Technologies and the Baltimore City Department of Public Works to demonstrate a high-temperature pyrolysis (HTP) process aimed at destroying PFAS chemicals from biosolids, showcasing a significant advancement in sustainable waste management solutions [1][6][7]. Group 1: Project Overview - The demonstration of the HTP process will take place on May 9, 2025, at the Synagro Back River Facility, coinciding with the Water Environment Federation's conference [2]. - Following the demonstration, Synagro and CHAR Tech will conduct evaluations from May to December 2025 to assess the effectiveness of the HTP process in PFAS destruction [3]. Group 2: Technology and Benefits - CHAR Tech's HTP technology converts organic materials into renewable energy and bioproducts, including biochar and syngas, through a process that avoids combustion and associated odors [5][12]. - The HTP process not only addresses PFAS contamination but also aligns with global green energy initiatives by converting waste into sustainable energy, thereby contributing to the decarbonization of heavy industries [13]. Group 3: Stakeholder Perspectives - Synagro's Chief Commercial Officer expressed enthusiasm for the demonstration, highlighting its role in meeting future customer needs through innovative solutions [4]. - The CEO of CHAR Tech emphasized the project's significance in addressing critical environmental challenges [6]. - The Director of the Baltimore City Department of Public Works noted the commitment to environmental leadership and innovation through support for technologies that convert waste into usable resources [7].