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

Alternate Symbol(s):  V.CMC.W | 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

TSXV:CMC - Post Discussion

Cielo Waste Solutions Corp. > up date on news
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Post by knoxt on Feb 13, 2024 10:57am

up date on news

Cielo Waste Solutions Corp. Provided Update on Carseland Bio-SynDiesel Project
MT Newswires - Feb 13, 2024 11:53 AM AST

10:53 AM EST, 02/13/2024 (MT Newswires) -- Cielo Waste Solutions Corp. (CMC.V), a waste-to-fuel environmental technology company, on Tuesday shared an update on its Carseland, Alberta Bio-SynDiesel Project.

Once completed, the Carseland Project represents Cielo's first commercial by-product-to-fuels facility designed to convert wood by-products into low carbon intensity renewable Bio-SynDiesel fuel. The Carseland Project will be situated adjacent to an existing synthetic fuel facility owned and operated by Rocky Mountain Clean Fuels Inc. (RMCFI) which deploys patented technology developed by Expander Energy Inc.

Cielo has secured a long-term contract with ECCO Recycling & Energy Corporation. This contract provides Cielo with an ongoing and cost-effective supply of the requisite biomass feedstock for the Carseland Project.

The Bio-SynDiesel fuel produced at the Carseland Project will meet standards for RD100 Renewable Diesel fuel that is compatible with existing diesel engines. Cielo uses Expander's patented Biomass to Liquids technology which uses wood and agricultural by-products or Municipal Solid Waste (MSW) and does not rely on food competitive feedstock. The transaction with Expander also allowed Cielo to secure a long-term syngas processing agreement with RMCFI -- Bio-Syngas produced at the Carseland Project will be converted into 8.2 million litres per year of renewable Bio-SynDiesel fuel at the existing, operational and adjacent synthetic fuel facility.

Price: 0.53, Change: +0.10, Percent Change: +24.71

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