Ecolomondo Corporation announced that it has secured an offtake agreement for up to 80% of its Recovered Carbon Black (rCB) production from the Company's Hawkesbury TDP facility. The initial purchase order is for 8 truckloads of rCB totalling 181 metric tons for delivery in April and May 2022, followed by 10 truckloads per month and growing to 20 monthly over the next year. The Hawkesbury TDP plant has an estimated annual rCB production capacity of 5,300 tons having a potential value of over USD 7 million at the current market price.

Recovered carbon black is produced by processing end-of-life tires using Ecolomondo's proprietary pyrolysis process. The market for rCB is rapidly growing, as rCB is considered as a favorable substitute for virgin carbon black due to its exceptional chemical composition and its low environmental footprint. Comprised of four different processing departments (Tire Shredding, Thermal Processing, Recovered Carbon Black and Oil Fractionation), the Hawkesbury TDP facility is expected to process a minimum of 14,000 tons of tire waste per year when fully operational, producing 5,300 tons of recovered carbon black, 42,700 barrels of oil, 1,800 tons of steel, 1,600 tons of process gas and 850 tons of fiber when operating at full capacity.