Bullboard - Stock Discussion Forum Cielo Waste Solutions Corp. V.CMC.WT

Primary Symbol: V.CMC Alternate Symbol(s): CWSFF

Cielo Waste Solutions Corp. is a Canada-based waste-to-fuel environmental technology company. The Company's business model is to source waste feedstock from industrial producers and other suppliers and convert the feedstock into valuable fuels. The Company's Thermal Catalytic Depolymerization (TCD) process converts waste feedstocks, including plastics, rubber, organic material, and wood... see more

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Cielo Waste Solutions Corp. > PARKLAND CANCELS RENEWABLE DIESEL PLAN AT B.C. REFINERY

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Post by lscfa on Mar 08, 2023 2:53pm

PARKLAND CANCELS RENEWABLE DIESEL PLAN AT B.C. REFINERY

National Post
4 Mar 2023

Parkland Corp. said it will not go ahead with its plan to build a stand-alone renewable diesel complex at its refinery in Burnaby, B.C. The company said it made the decision as it faced rising project costs, a lack of market certainty around emerging renewable fuels and legislation in the U.S. that advantages U.S. producers. Parkland had announced a plan in May 2022 to build a stand-alone renewable diesel complex, capable of producing 6,500 barrels per day. The company said it is still going ahead with its plan to expand co-processing of renewable fuel alongside traditional petroleum-based materials at the refinery to 5,500 barrels per day. Parkland reported a fourth-quarter profit of $69 million or 39 cents per diluted share on $8.72 billion in sales and revenue.

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