Ecolomondo Corporation, a Canadian cleantech company specializing in sustainable scrap tire recycling, has engaged Craft Capital Management, LLC as its strategic investment banking advisor. The firm's mandate includes supporting Ecolomondo's capital markets strategy, financing initiatives, and the company's contemplated uplisting to the NASDAQ exchange. This move aims to position Ecolomondo to access the capital required to execute its global growth strategy.
Craft Capital Management is a full-service brokerage firm and FINRA, SIPC, and MSRB member that leverages 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 technology. 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's TDP technology 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, a six-reactor TDP 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.
The company's recent International Sustainability and Carbon Certification for its Hawkesbury TDP facility represents another step forward that should help improve demand for TDP products. ISCC is a global sustainability certification system that offers chain-of-custody certification to ensure traceability and feedstock identity, which can add commercial value to Ecolomondo's end-products as they remain traceable in the supply chain.
From an environmental perspective, Ecolomondo's TDP process reduces greenhouse gas emissions by 90% versus the production of virgin carbon black. The production of recovered carbon black at the Hawkesbury and Shamrock facilities is expected to reduce CO2 emissions by 15,000 and 45,000 tons per year, respectively. The company'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.
Ecolomondo's strategy involves becoming a major global builder and operator of TDP turnkey facilities, with plans to expand aggressively in North America and Europe. The engagement with Craft Capital Management represents a strategic move to secure the financing necessary for this expansion, particularly as the Shamrock facility construction is expected to begin by the third quarter of 2025 with a projected cost of approximately $93 million. More information about Ecolomondo Corporation is available at https://www.ecolomondo.com.
