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An update from Ecolomondo Corporation ( (TSE:ECM) ) is now available.
Ecolomondo Corporation announced the scheduled delivery of a new milling line to its Hawkesbury TDP facility by mid-January 2025, replacing the previous line that failed to meet production and quality standards. The new line will enable the company to produce recovered carbon black at a rate of 2,200 lbs per hour with the desired particle size, advancing Ecolomondo’s progress towards full commercialization of its operations at the facility, with commissioning expected in March and full operations by April 2025.
More about Ecolomondo Corporation
Ecolomondo Corporation, based in Québec, is a Canadian cleantech company specializing in sustainable tire recycling technology. Utilizing its proprietary Thermal Decomposition technology, Ecolomondo recovers valuable commodities from scrap tire waste, including recovered carbon black, oil, syngas, fiber, and steel. The company aims to be a leader in the cleantech industry and actively contribute to the global circular economy.
YTD Price Performance: -29.73%
Average Trading Volume: 20,632
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$28.27M
For a thorough assessment of ECM stock, go to TipRanks’ Stock Analysis page.
