 |
|||||||||
 |
 |
 |
 |
||||||
Montreal, QC – TheNewswire – November 7, 2022 — Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and the building and operating of turnkey TDP facilities globally, today announces the appointment of its new manager to oversee and lead the operations of the newly constructed Hawkesbury TDP facility.
The Company invested over $42 million in the construction of this 2-reactor TDP facility in Hawkesbury, Ontario, that is expected to process 14,000 tons of scrap tires per year to produce 5,300 tons of recovered carbon black, 42,700 barrels of oil, 1,800 tons of steel, 1,600 tons of process gas and 850 tons of fiber. Revenue streams of the Hawkesbury facility will come from the sale of the recovered end-products, more precisely carbon black, oil, steel and fiber, while the syngas will be consumed in the process.
The Company is pleased to announce that Mr. Hari K. Mynampati will be the new facility manager for its Hawkesbury TDP facility. Mr. Mynampati brings with him extensive experience in the carbon black industry. He worked in multiple roles in the carbon black industry for more than 12 years, including 1½ years at Ecolomondo as Global Sales Director, End-Products.
Mr. Mynampati started his career as Engineer at Phillips Carbon Black Limited and subsequently in multiple production roles. While still working for Phillips Carbon, he became a Change Management Champion for manufacturing excellence. He became Head of International Sales & Marketing with another large carbon black producer, A.T. Inks, and then returned in this role to Phillips Carbon Black. Hari completed a Bachelor of Engineering at the Saurashtra University and an Executive General Management program at the International Management Institute.
Mr. Mynampati will supervise the start-up and the beginning of operations of the Hawkesbury plant. In particular, he will complete the production and maintenance teams and put in place protocols and processes, including ISO, ISCC and ESG programs. He will be responsible to ensure a steady supply of scrap tire feedstock and deliveries of quality end-products to clients. Ecolomondo will thus benefit from his experience in quality assurance and commercialization in the carbon black industry, as well as establishing long term business relationships.
“Having worked with him for over 1½ years, Hari is an exceptional candidate for the position of Facility Manager. Seconded by André Lamarre, the current Operations Manager, I am confident that the Hawkesbury facility will have an effective management team”, says Eliot Sorella, Ecolomondo’s Chairman & CEO.
About Ecolomondo Corporation
Ecolomondo Corporation is a Canadian cleantech company headquartered in Québec, Canada with an over 25-year history focused on waste-to-resources technology development and deployment. Ecolomondo has developed the Thermal Decomposition Process (“TDP”), which recovers high-value circular commodities from end-of-life tires, including recovered carbon black (“rCB”), oil and steel. TDP lowers carbon emissions by up to 90% compared to the production of virgin carbon black. Ecolomondo has adopted a triple bottom line approach to business focused on people, planet and profit. Ecolomondo trades on the TSX Venture Exchange under the symbol (TSXV:ECM) (OTC:ECLMF). To learn more, visit www.ecolomondo.com
Ecolomondo Corporation Contact
Eliot Sorella
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
www.ecolomondo.com
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2022 TheNewswire – All rights reserved.