Post by
odzie1 on Jun 12, 2024 3:46pm
CMC future
Based on current forecasts following the construction of the gasifiers, the expected annual productive capacity of the Carseland Facility is over 30 million litres per year comprised of Bio-SynDiesel® Renewable Diesel, Bio-SynJet® Sustainable Aviation Fuel (SAF), Renewable Bio-Naphtha (gasoline blend) and Bio-Wax. Using the Company’s internal financial and operational estimates, assumptions and forecasts, the Cielo LP would be expected to generate annual revenue of approximately CAD$100 million, driving forecast annual EBITDA of approximately CAD$60 million. Cielo will be entitled to revenue and EBITDA generated within the Cielo LP, based in part on its proportionate ownership of the Cielo LP, resulting in a streamlined and efficient structure that is expected to benefit Cielo and its shareholders upon the Transaction closing with revenue and commercial production in 2024.