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Cielo Waste Solutions Corp V.CMC

Alternate Symbol(s):  V.CMC.WT | CWSFF

Cielo Waste Solutions Corp. is a waste-to-fuel environmental technology company. The Company is focused on converting waste feedstocks, including organic material and wood derivative waste to fuel. It owns an exclusive license in Canada for patented Enhanced Biomass to Liquids (EBTL) and Biomass Gas to Liquids (BGTL) technologies and related intellectual property, and an exclusive license in the United States for creosote and treated wood by-products, including abundant discarded railway tie feedstock. EBTL is a patented process to integrate gasification, hydrogen generation and Fischer-Tropsch conversion of biomass to produce fossil-free renewable and net-zero carbon intensity fuel. BGTL process utilizes a gasifier to convert cellulosic biomass into bio-syngas (hydrogen and carbon monoxide), which is then converted into synthetic paraffinic diesel (SPD) through Fischer-Tropsch Synthesis. It is also focused on the development of its Thermal Catalytic Depolymerization (TCD) process.


TSXV:CMC - Post by User

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Post by TSXPLAYER1on Jul 17, 2017 4:09pm
73 Views
Post# 26478242

Cielo closes first tranche of private placement

Cielo closes first tranche of private placementNews out today that Ciel closed first tranche of the private placement raising $850,000. 

CEO Don Allan stated:
Don Allan, stated: "These are very exciting times for Cielo. With this latest round of funding now in place, we are confident that we will, tentatively before the end of this year, be in a position to showcase to the world our technology that is engineered to convert multiple different waste streams into renewable diesel on a continuous-flow basis. Our demonstration plant that was capable of producing 50 litres of renewable diesel an hour is now being moved to our property in High River, Alta., where it will be retrofitted into a 350-litre-an-hour continuous-flow refinery. Once our technology is validated that it is scalable, on a continuous-flow basis. Cielo's strategic plan is to build multiple modular refineries that will produce millions of litres of high-grade renewable diesel a year from thousands of tonnes of garbage."


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