Ecolomondo Corporation announced plans to build and operate a six-reactor turnkey TDP facility in Shamrock, Texas. This will be the Company's first US-based waste-to-resources TDP plant capable of processing and recycling end of-life tires ("ELT") into saleable recycled commercial resources for re-use. Production capabilities for the six-reactor facility suggest an estimated 50,000 metric tons of ELTs that could be processed each year, yielding approximately 15,900 metric tons of recovered carbon black (rCB), 128,100 barrels of oil, 5,400 metric tons of steel, 2,550 metric tons of fiber and 4,800 metric tons of syngas; roughly three times the size of the Company's Hawkesbury (Ontario) plant output that will soon commence commercial operations.

The Shamrock facility will serve as the Company's into the U.S. market. Coupled with the production capacity of the Hawkesbury (Ontario) facility, the Company will produce over 21,000 metric tons of rCB per year that will be available to serve the North American market. Facility construction is expected to begin by the first quarter of 2023 with completion expected by the mid 2024 and to have a projected cost to build of approximately USD 80 million.