A federal financing agency is loaning a new industry in Hawkesbury $32.1 million to build its plant.
On June 21, Omar Alghabra, the Parliamentary Secretary to the Minister of International Trade Diversification announced the loan from Export Development Canada (EDC) to Ecolomondo, a Montréal-based tire recycler that is building a new plant on an extension of Tessier Street in Hawkesbury.
The announcement was made in the parking lot of Maylan, the Hawkesbury construction company that is building the plant.
Alghabra said he was pleased to see a project that is using a local contractor and that companies like Ecolomondo are dealing with the challenges posed by plastics and other hydrocarbon waste.
Guillermo Freire of EDC said Ecolomondo has shown creative thinking.
Ecolomondo President Eliot Sorella envisioned this project 10 years ago and said it will create limited emissions and use small amounts of water.
“And, it’s almost self-sustained in energy,” Sorella said.
Mayor Paula Assaly said the job creation and new construction is welcomed.
According to Sorella, Ecolomondo is expected to create 65 direct and indirect jobs during its initial operations.
Maylan President Daniel Landry said the large project is good exposure for his company and that construction on the new plant is expected to begin in August.
Using its own technology to extract carbon products from waste material, the Ecolomondo plant in Hawkesbury expected to recycle 1.4 million tires during its first year of operation and will produce 28 million pounds per year of materials for re-use by industry.
You could win TWO weekend passes, value of $90, to Beau’s Oktoberfest 2019!
To enter, follow these simple instructions:
- Take a photo at our selfie station outside of our offices at 76 Main Street E, then post it on Facebook or Instagram.
- Use hashtag #VKHReviewContest in your post.
- Tag us in your photo! @vkhreview
Be sure to follow @vkhreview on Instagram and Facebook! Contest ends September 16, 2019 at 12 p.m. A random winner will be chosen and announced on our social media pages. This contest is in no way sponsored, endorsed or administered by, or associated with, Instagram or Facebook.
Thank you for supporting local, independent community journalism!
READ LOCAL. LOVE LOCAL. PLAY LOCAL.
Latest posts by James Morgan (see all)
- Residents object to resort proposal in Wentworth, call for mayor’s resignation - September 11, 2019
- Ministry of Health officials visit UCPR to discuss ambulance calls outside territory - September 5, 2019
- Flag crosses Canada by Jeep for food banks - September 4, 2019