Ecolomondo Corrects Production Error, Reinforces Facility Growth Plans

Ecolomondo Corporation ( (TSE:ECM) ) has shared an update.

Ecolomondo Corporation has corrected a previous error regarding the production capacity at its Hawkesbury TDP facility, stating the production of tire-derived oil should be 90,000 gallons instead of 900,000 gallons. This correction highlights Ecolomondo’s focus on accuracy as it progresses with its Hawkesbury facility, which is expected to significantly contribute to its operations by processing over 1.5 million scrap tires annually. Additionally, the company is planning the construction of a larger Shamrock TDP facility, aiming to triple the output of the Hawkesbury plant, further solidifying its position in the recycling and cleantech industry.

More about Ecolomondo Corporation

Ecolomondo Corporation is a Canadian cleantech company based in Québec, specializing in sustainable scrap tire recycling technology through its proprietary Thermal Decomposition technology (TDP). The company focuses on recovering reusable commodities from scrap tire waste, such as recycled carbon black, oil, syngas, fiber, and steel. Ecolomondo trades on the TSX Venture Exchange and aims to be a significant player in the cleantech sector, contributing to the global circular economy.

YTD Price Performance: -30.56%

Average Trading Volume: 25,125

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$34.36M

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