Ecolomondo Corporation announced that it had reached an agreement in principle for financing of $2.7 million with Export Development Canada (EDC) to support additional capital investments and working capital at its Hawkesbury Thermal Decomposition Process (TDP) facility.

The financing was intended to support the ramp-up of operations at the Hawkesbury plant. Ecolomondo and EDC had been in negotiations for several months and agreed in principle on loan conditions designed to ensure sufficient liquidity to reach full operational capacity.

Subject to final documentation, the commitment amount on the existing $2 million loan held by Ecolomondo Environmental (Hawkesbury) Inc., originally signed in January 2025, was to be increased by $2.7 million. In parallel, EDC also agreed in principle to provide a temporary principal and interest payment holiday during the 2026 ramp-up period for loans signed in January 2025 and July 2024.

Jean-François Labbé, Interim CEO of Ecolomondo, said the company had been steadily progressing at the Hawkesbury site through hiring, training, increasing production and sales, and improving operational efficiency. He noted that the additional financing from EDC was expected to support the facility in achieving its full potential.

Ecolomondo Corporation is a Canadian cleantech company headquartered in Québec, with more than 25 years of experience developing and deploying its proprietary Thermal Decomposition Process technology. The TDP recovers high-value commodities from end-of-life tyres, including recovered carbon black (rCB), oil, syngas, fibre and steel, contributing to circular economy objectives.

Revenue at the Hawkesbury TDP facility was expected to be generated through the sale of recovered products, including rCB, oil, steel and syngas, as well as tipping fees for scrap tyre processing.

Ecolomondo stated that its mission was to support the circular economy while increasing shareholder value by supplying recovered resources for use in new products. Its strategy focused on building and operating TDP facilities close to feedstock sources and end markets, with plans for expansion across North America and Europe.

According to the company, the TDP process offered environmental benefits by significantly reducing greenhouse gas emissions. The production of recovered carbon black through TDP was estimated to cut emissions by up to 90 per cent compared with virgin carbon black, with the Hawkesbury facility expected to reduce CO₂ emissions by approximately 22,400 tonnes per year.

To learn more, please read the official press release.