Core Viewpoint - Ecolomondo Corporation has entered into a joint venture with ARESOL to establish its European subsidiary, Ecolomondo EU, which will focus on developing and implementing its Thermal Decomposition Process (TDP) technology for tire pyrolysis plants in the European Union [1][3][9] Group 1: Joint Venture Details - The joint venture aims to build at least four tire pyrolysis plants in the EU, with the first facility located in Valencia, Spain [3][9] - The agreement was formalized after a successful technical due diligence process that validated Ecolomondo's TDP technology for producing valuable products from end-of-life tires [5][9] - The initial ambition is to develop and build four plants, with potential for further expansion based on market conditions and combined capabilities of both companies [10] Group 2: Technology and Environmental Impact - Ecolomondo's TDP technology is designed to recover high-value commodities from scrap tires, including recovered carbon black (rCB), oil, syngas, fiber, and steel [18][20] - The TDP process is noted for its environmental benefits, reducing greenhouse gas emissions by 90% compared to virgin carbon black production, with expected CO2 reductions of 15,000 tons per year from the Hawkesbury facility and 45,000 tons from the Shamrock facility [29][22] - The technology has been validated through audits, confirming compliance with market standards and ensuring strong economic potential [6][9] Group 3: Strategic Importance - The partnership is seen as timely and strategically important for addressing the growing environmental challenges associated with tire waste management in Europe [7][9] - Both companies emphasize their shared vision and commitment to delivering a reliable technological solution to the pressing environmental challenge of end-of-life tire management [8][9] - ARESOL's expertise in the renewable energy sector and strong presence in the EU is expected to enhance the joint venture's success [11][8]

Core Insights - Ecolomondo Corporation has appointed Mario Mantaci as Chief Technology Officer to lead technology development and optimization, focusing on the ramp-up of the Hawkesbury TDP facility [1][5][7] Company Overview - Ecolomondo has developed its proprietary Thermal Decomposition Process (TDP) over 25 years, investing over $52 million in its first commercial facility in Hawkesbury, Ontario [2][10] - The company aims to be a leader in sustainable tire recycling and the circular economy, producing reusable commodities from scrap tires [11][14] Technology and Operations - The Hawkesbury facility is designed 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 [12] - Ecolomondo's TDP technology is more advanced than most pyrolysis technologies, addressing various operational challenges [19] Environmental Impact - The TDP process is expected to reduce GHG emissions by 90% compared to virgin carbon black production, with annual CO2 reductions of 15,000 tons from the Hawkesbury facility and 45,000 tons from the upcoming Shamrock facility [20] Future Plans - Ecolomondo plans to expand its TDP facilities, with the Shamrock facility projected to process 5 million tires per year, yielding significantly higher outputs than the Hawkesbury plant [13][15] - The company is also focused on achieving ISCC certification and implementing ESG initiatives to enhance operational protocols and sustainability [6][16][18]

Core Viewpoint - Ecolomondo Corporation has entered a joint venture with ARESOL to establish four TDP facilities in the European Union, leveraging its proprietary Thermal Decomposition Process technology for sustainable tire recycling [1][2][4]. Company Developments - The joint venture agreement follows a non-binding letter of intent signed in December 2024, with the first facility to be located in Valencia, Spain, capable of processing 20,000 metric tons of end-of-life tires annually [2][4]. - Ecolomondo and ARESOL will own 51% and 49% of the joint venture, respectively, with a board comprising representatives from both companies and an independent director [4]. - The company has recently begun shipments of recovered Carbon Black to a major customer, indicating the quality of products from its Hawkesbury facility [5][6]. Industry Context - ARESOL brings over 40 years of experience in renewable energy, focusing on developing pyrolysis projects for end-of-life tires in Europe [3]. - The TDP facilities will generate revenue from the sale of end-products such as recovered carbon black, oil, gas, fiber, and steel, as well as from tipping fees for tire processing [12]. - Ecolomondo aims to be a leading player in the cleantech sector, contributing to the circular economy by producing reusable resources from scrap tires [11][17]. Environmental Impact - The TDP process is designed to significantly reduce greenhouse gas emissions, with expected reductions of 15,000 tons of CO2 per year from the Hawkesbury facility and 45,000 tons from the Shamrock facility [23].