Ecolomondo Corporation (TSXV: ECM) has received a court order extending its stay of proceedings under the CCAA until October 23, 2026. The extension gives monitor KPMG more time to finalize a purchase agreement with a potential buyer identified through the sale and investment solicitation process. The company and its subsidiaries remain under creditor protection while the restructuring moves forward. Ecolomondo operates a thermal decomposition process that converts scrap tires into recovered carbon black, tire-derived oil, syngas, fiber, and steel. The outcome of the CCAA proceedings will determine whether its facilities in Hawkesbury and Contrecoeur continue operating. That matters for the supply of recycled carbon black and for tire waste processing capacity in Quebec.
