Joint Venture Partner Aresol Issues A Press Release Announcing JV Agreement With Ecolomondo

Executive Summary

• Ecolomondo announced a definitive joint‑venture agreement with Spanish renewable‑energy group ARESOL to establish “Ecolomondo EU” and build four turnkey tire‑pyrolysis plants in the European Union.
• The first plant will be constructed in Valencia, Spain; each plant will use Ecolomondo’s Thermal Decomposition Process (TDP) technology and initially target a capacity of 20,000 metric tons of end‑of‑life tires per year.
• The partnership leverages ARESOL’s EPC expertise and EU market presence to accelerate deployment of TDP technology across Europe, positioning the companies for significant growth in recovered carbon black (rCB) and tire‑derived oil markets.

Key Details

• Agreement Scope: Definitive agreement signed July 2025; expands on a prior non‑binding LOI dated 2 Dec 2024.
• Plants Planned: Four (4) turnkey pyrolysis facilities using TDP technology; first facility located in Valencia, Spain; locations of the remaining three to be selected after further due‑diligence (raw material availability, off‑take agreements, government support).
• Capacity per Plant: Each plant designed with four reactors capable of processing ~20,000 metric tons of scrap tires annually.
• Technology Validation: Technical due‑diligence performed at Ecolomondo’s commercial‑scale Hawkesbury (Ontario) plant confirmed full compliance of TPO (tire pyrolysis oil) and rCB (recovered carbon black) with market standards.
• Strategic Rationale: Joint venture will enable rapid EU deployment of the “most efficient, viable, and advanced” end‑of‑life tire management solution; supports EU environmental regulations and circular‑economy goals.
• Leadership Comments: Executive Chairman Eliot Sorella highlighted ARESOL’s EPC capabilities and regulatory expertise; Partner Raúl Sáenz emphasized validated technology performance and market potential for rCB and TPO in Europe.
• Future Outlook: While the short‑term goal is four plants, the partners envision a more ambitious medium‑term expansion of TDP technology throughout the EU, potentially increasing pyrolysis’s role as a primary tire‑recovery method.
• Related Communications:
• Interactive webinar scheduled for 22 Oct 2025 (4 PM EST) to discuss Hawkesbury plant ramp‑up and sales growth.
• New podcast featuring Executive Chairman Eliot Sorella discussing global growth plan and shareholder value creation.

Notable Quotes

• “We couldn’t imagine a better partner for our entry into Europe… Aresol brings privileged presence in the EU, strong regulatory and cultural expertise, solid EPC capabilities…” – Eliot Sorella, Executive Chairman, Ecolomondo.
• “Their technology works — and exceeds expectations … we are convinced that Ecolomondo’s TDP technology offers a reliable and scalable solution to achieve this quickly.” – Raúl Sáenz, Partner, ARESOL.