Ecolomondo announced restructuring of loan agreement with Export Development Canada
Ecolomondo Corporation (Ecolomondo), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (TDP) proprietary recycling technology and the global deployment of TDP turnkey facilities, has reached an agreement in principle to restructure its original loan agreement (Loan) with Export Development Canada (EDC). The original Loan was for an amount of $32.1 million in project financing with EDC, executed on April 3, 2019, to finance the construction of the Company’s first of its kind new turnkey thermal decomposition facility in the Town of Hawkesbury, Ontario, that will process end-of-life tires to produce re-usable resources.