Ecolomondo reached agreement in principle for $2.7 million financing
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.