Ecolomondo Corporation has engaged Craft Capital Management, LLC as its strategic investment banking advisor to support the company's capital markets strategy. This engagement includes financing initiatives and Ecolomondo's contemplated uplisting to the NASDAQ, positioning the company to access capital needed for its global growth strategy. Craft Capital Management is a full-service brokerage firm and FINRA, SIPC, and MSRB member with over 100 years of combined financial expertise. The firm delivers customized investment banking services and public offerings while connecting clients to an extensive network of family offices and institutional investors. Additional information about Craft Capital Management LLC is available at https://www.craftcm.com.
Eliot Sorella, Executive Chairman of Ecolomondo, stated that Craft Capital's proven track record in delivering capital solutions aligns strongly with the company's strategy to scale as a leading producer of recovered carbon black and tire pyrolysis oil using Ecolomondo's proprietary Thermal Decomposition Process. As global industries accelerate their transition toward circular and sustainable materials, this engagement represents an important step in advancing Ecolomondo's capital markets strategy and supporting its next phase of growth. Ecolomondo Corporation is a Canadian cleantech company focused on its proprietary Thermal Decomposition Process technology, which recovers high-value commodities from scrap tire waste, including recovered carbon black, tire-derived oil, syngas, fiber, and steel.
The company's 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. The larger Shamrock Project facility is projected to process 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 4,500 metric tons of syngas. Facility construction is expected to begin by the third quarter of 2025 and is projected to cost approximately US$93 million. Visit https://www.ecolomondo.com for more information about the company's technology and facilities.
The company recently received International Sustainability and Carbon Certification for its Hawkesbury TDP facility, which offers chain-of-custody certification systems to ensure traceability and feedstock identity. This certification can add 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 the production of virgin carbon black, with the Hawkesbury and Shamrock facilities expected to reduce CO2 emissions by 15,000 and 45,000 tons per year respectively. Ecolomondo's strategy is to become a major global builder and operator of TDP turnkey facilities, specializing in processing end-of-life tires.
The company plans to expand aggressively in North America and Europe while continuing research and development to maintain technological advancement. The engagement with Craft Capital Management represents a strategic move to secure the financial resources necessary for this expansion as demand for sustainable materials continues to grow globally. This partnership positions Ecolomondo to capitalize on increasing market demand for circular economy solutions while addressing significant environmental challenges associated with tire waste disposal.
