Ecolomondo announced US expansion and plans for new TDP plant in Shamrock, Texas
Recently Ecolomondo announced plans to expand its production facilities with a new factory to be built near Shamrock, Texas. The Canadian company will invest C$110 million in the new factory, which will have six reactors and be capable of handle over 50,000 tons of tires every year.
The location is close to I40 (Route 66) and in the heart of a densely populated neighborhood, ensuring a steady supply of feedstock.
According to this announcement, the C$40m invested in the pilot plant at Contrecouer, Quebec and a second C$40m invested in the two reactor Hawkesbury, Ontario plant.
"We have invested in proprietary technology; nothing we use is off the shelf. Our technology has been tried and tested, and we can produce a very high-quality recovered Carbon Black, the best in the industry. We now have offtake agreements with a global player to take all our rCB from Hawkesbury," said CEO Eliot Sorella.
“Virgin Carbon Black production has reached a plateau, but Carbon Black’s demand is still growing. So, the future demand for our rCB is strong and likely to grow.”
Ecolomondo's development plans were highlighted by Sorella, who stated that the company was headed for worldwide expansion. Several potential development sites were being studied. Those that satisfied Ecolomondo's criteria and, when possible, found joint venture partners would be the first to be developed.
He also mentioned that the company was close to signing a JV deal in Shamrock, but that the facility would go ahead as they had financing options.
To learn more, please proceed to Ecolomondo website.