Tire Pyrolysis Oil (TPO)
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Ecolomondo Engages Craft Capital Management As Its Strategic Investment Banking Advisor
Thenewswire· 2026-02-17 14:00
Core Viewpoint - Ecolomondo Corporation has engaged Craft Capital Management as its strategic investment banking advisor to support its capital markets strategy and facilitate its planned uplisting to NASDAQ, aiming to enhance its global growth strategy in sustainable scrap tire recycling technology [1][2][3] Company Overview - Ecolomondo Corporation is a Canadian cleantech company focused on its proprietary Thermal Decomposition Process (TDP) technology, which recovers high-value commodities from scrap tire waste, including recovered carbon black (rCB), tire-derived oil (TDO), syngas, fiber, and steel [4] - The company aims to be a leading producer and reseller of recovered resources by building and operating TDP facilities strategically located in industrialized countries [10] Financial Strategy - Craft Capital's mandate includes supporting Ecolomondo's financing initiatives and facilitating its uplisting to NASDAQ, which is expected to provide access to necessary capital for executing its growth strategy [2][3] - Revenue streams from TDP facilities will come from the sale of end-products such as rCB, oil, steel, and syngas, as well as tipping fees for processing scrap tires [5] Facility Developments - The Hawkesbury facility is expected to process approximately 1.3M to 1.5M 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 [7] - The Shamrock facility is projected to process 5 million end-of-life tires per year, yielding approximately 15,000 MT of rCB, 18,000 MT of oil, 7,500 MT of steel, and 4,500 MT of syngas, with construction expected to begin in Q3 2025 at a projected cost of approximately US$93 million [8] Environmental Impact - The TDP process is environmentally friendly, reducing greenhouse gas emissions by 90% compared to the production of virgin carbon black, with the Hawkesbury and Shamrock facilities expected to reduce CO2 emissions by 15,000 and 45,000 tons per year, respectively [15]
Joint Venture Partner Aresol Issues A Press Release Announcing JV Agreement With Ecolomondo
Thenewswire· 2025-10-20 13:25
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]