Thermal Decomposition

A tire recycling company operating in Hawkesbury, Ontario has entered creditor protection, raising questions about the future of its thermal decomposition plant.

Creditor Protection Filing

Ecolomondo is insolvent and restructuring under the federal Companies’ Creditors Arrangement Act, having been granted protection in Québec Superior Court on May 21. The initial order provides a stay of proceedings and establishes temporary financing to carry out the restructuring.

Thermal Decomposition Technology

The company focuses on proprietary Thermal Decomposition Process technology, which recovers high-value commodities from scrap tire waste, including recovered carbon black, tire-derived oil, syngas, fibre and steel. Construction of the Hawkesbury plant began in 2019.

Workforce and Monitor

Ecolomondo employs 30 people, 27 of them at the Hawkesbury plant. Court-appointed monitor KPMG will oversee the restructuring and report its progress to the court, while the filing is supported by principal creditor Export Development Canada.

Leadership and Path Forward

The company owes EDC $54,555,097 as its sole secured creditor, alongside 69 unsecured creditors. Seven directors resigned on May 21, leaving Lynn Côté as sole director, with Jean-François Labbé serving as interim chief executive.

Learn More:

• Tire Pyrolysis Projects
• Recovered Carbon Black
• Pyrolysis Oil
• Feasibility Studies

Recover Value From End-of-Life Tires

Thermal decomposition turns scrap tires into recovered carbon black, oil, syngas, fibre and steel, turning a waste stream into saleable commodities.

Klean Industries engineers and builds tire pyrolysis and thermal decomposition plants that maximise recovery and product quality.

Want to explore a tire-to-resource project of your own?

Contact Klean Industries about tire pyrolysis » GO.