Ecolomondo Corporation (TSXV: ECM) (OTCQB: ECLMF), a Canadian innovator in sustainable scrap tire recycling, announced it has retained August Brown, LLC as an independent risk advisor to support the development of its proposed facility in Shamrock, Texas. August Brown will conduct an independent validation of the project’s business plan and risk mitigation framework as part of preparations for the sale of a green bond backing the project.
The Shamrock facility will replicate Ecolomondo’s proprietary, modular Thermal Decomposition Process (TDP) technology currently operating at its 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 are projected at 5 million end-of-life tires per year, yielding roughly 15,000 metric tons of recovered carbon black (rCB), 18,000 metric tons of oil, 7,500 metric tons of steel, and 4,500 metric tons of syngas.
With strong support from the Shamrock Economic Development Corporation, Ecolomondo has secured a 136-acre industrial site in Shamrock, Texas, and sourced long-term agreements for scrap tire feedstock to sustain operations. August Brown’s engagement includes a comprehensive feasibility study assessing business, operational, market, and financial risks. Following this phase, August Brown is expected to undertake a second stage focused on engineering, technology validation, and project execution risk.
Eliot Sorella, Executive Chairman of Ecolomondo, stated: “Independent validation of our technology, projected operations, and financial model for our planned Shamrock Facility is an essential step that resonates strongly with investors, lenders, and potential joint-venture partners.” The independent review process is designed to enhance transparency, strengthen investor confidence, and support informed decision-making by bondholders and project partners.
The Shamrock project represents the next phase of Ecolomondo’s growth strategy following the successful commercialization of its TDP technology at the Hawkesbury facility. The Hawkesbury plant, once fully operational, is expected to process approximately 1.3 to 1.5 million 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. The company’s TDP process reduces greenhouse gas emissions by 90% compared to virgin carbon black production, with the Hawkesbury and Shamrock facilities expected to reduce CO2 emissions by 15,000 and 45,000 tons per year, respectively.
Ecolomondo’s mission is to contribute to a circular economy by producing and supplying large quantities of recovered resources for reuse in new products. Its strategy is to become a major global builder and operator of TDP turnkey facilities, focusing initially on North America and Europe. The company recently received International Sustainability and Carbon Certification (ISCC) for its Hawkesbury facility, which adds commercial value by ensuring traceability and feedstock identity in the supply chain.
More information about August Brown can be found at www.augustbrown.com. Details on Ecolomondo and its technology are available at www.ecolomondo.com.
