Ecolomondo Corporation has retained August Brown, LL.C. as independent risk advisor to support development of its planned facility in Shamrock, Texas. The engagement includes a comprehensive feasibility study assessing business, operational, market, and financial risks associated with the project, with a second stage expected to focus on engineering, technology validation, and project execution risk.
The Shamrock facility will replicate Ecolomondo's proprietary Thermal Decomposition Process technology currently operating at the Company's Hawkesbury, Ontario facility. The proposed project will consist of a six-reactor TDP plant approximately three times the capacity of the Hawkesbury operation. Processing capabilities for the Shamrock facility are projected at 5 million end-of-life tires per year, yielding approximately 15,000 metric tons of recovered carbon black, 18,000 metric tons of oil, 7,500 metric tons of steel, and processing 4,500 metric tons of syngas.
August Brown's independent validation of the project's business plan and risk mitigation framework is part of preparations for the sale of the green bond supporting the project. The independent review process is designed to enhance transparency, strengthen investor confidence, and support informed decision-making by bondholders and project partners. Eliot Sorella, Executive Chairman of Ecolomondo, stated that independent validation of technology, projected operations, and financial model for the planned Shamrock Facility is an essential step that resonates strongly with investors, lenders, and potential joint-venture partners.
The Shamrock project represents the next phase of Ecolomondo's growth strategy following successful commercialization of its proprietary TDP technology at the Company's Hawkesbury facility. With strong support from the Shamrock Economic Development Corporation, the Company has secured a 136-acre industrial site in Shamrock, Texas, and sourced long-term agreements for scrap tire feedstock that should sustain the Texas facility's operations.
Revenue streams from TDP turnkey facilities come from sale of end-products manufactured on-site, including recovered carbon black, oil, steel and syngas, as well as tipping fees for processing scrap tires. The Hawkesbury facility, once fully operational, is expected to process approximately 1.3 million to 1.5 million scrap tires per year and produce approximately 4,000 metric tons of recovered carbon black, 5,000 metric tons of pyrolysis oil, 2,000 metric tons of steel, and 1,200 metric tons of process gas.
Ecolomondo's technology has received International Sustainability and Carbon Certification for its Hawkesbury TDP facility, which offers chain-of-custody certification systems to ensure traceability and feedstock identity, adding commercial value to the Company's end-products as they remain traceable in the supply chain. The TDP process reduces greenhouse gas emissions by 90% versus production of virgin carbon black, with production of recovered carbon black at Hawkesbury and Shamrock facilities expected to reduce CO2 emissions by 15,000 and 45,000 tons per year respectively.
Ecolomondo's mission is to be a contributing participant in a dynamic Circular Economy and to increase shareholder value by producing and supplying large quantities of recovered resources for reuse in manufacturing new products. The Company's strategy involves becoming a major global builder and operator of TDP turnkey facilities, with plans to expand aggressively in North America and Europe. More information about the company's technology and operations can be found at https://www.ecolomondo.com.
