TAGS: Sustainability / Natural Solutions
Ecolomondo Corporation announces it has entered into a long-term supply agreement with Recyc-Quebec to have over 31,000 short tons of end-of-life-tire (ELT) feedstock (approximately 80 percent passenger tires / 20 percent truck tires) delivered to the company’s flagship Hawkesbury TDP recycling facility.
Period of Supply Agreement
The supply agreement, subject to an accepted environmental liability insurance policy by Recyc-Quebec, begins in November 2021 and is expected to remain in effect until December 31, 2023. The Company estimates total revenue from tipping fees and related handling charges to be approximately 3,420,000 dollars.
The subsequent sale of output materials such as recycled carbon black (rCB), pyrolysis oil, syngas and 2 busheling steel will represent additional sources of facility revenue, as would the earning of potential carbon credits.
Quantity of Materials to be Processed
Operating at full capacity with its two reactors, the Hawkesbury plant is expected to process a minimum of 14,000 tons of tire waste per year, yielding 5,300 tons of recycled carbon black, 42,700 barrels of oil, 1,800 tons of steel, 850 tons of fiber and 1,600 tons of process gas.
With the Hawkesbury facility commissioning soon to begin and operations expected to launch in this quarter, Ecolomondo is well positioned to take advantage of the higher demand and higher price new reality for recycled products.
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The ability to source and handle large waste volumes efficiently is a huge competitive advantage compared to many other recycling technologies,” said Eliot Sorella, chairman and chief executive officer of Ecolomondo. “
The current prices and supply chain disruptions for oil, virgin carbon black and steel are setting the stage for even higher prices for recycled products, further validating our business model for TDP turnkey facilities like Hawkesbury. Higher revenue streams will be transformative — not only for Ecolomondo but also for the waste-to-products industry as a whole.”
Source: ECOLOMONDO