CMC receives their Permit !Great News !
Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) is pleased to announce that, late in the day on Friday June 8th, 2018, the Company received its permit from the Ministry of Environment and Parks (Alberta) (the “Ministry”) pursuant to the Environmental Protection and Enhancement Act (“EPEA Permit”) that will allow for the operation of its first commercial refinery in Aldersyde, Alberta.
Don Allan, President and CEO of Cielo, stated “Receipt of the EPEA Permit is a momentous milestone which allows us to now proceed with commissioning and placing our transformational high-grade renewable diesel refinery on production. It is anticipated that the regulatory permitting approval process will be significantly shortened with each new site that is applied for, especially within the Province of Alberta.. We are now more confident than ever that we will have our refinery up and running, on a continuous-flow-basis before the end of this month.” Allan further commented “We are looking forward to being able to showcase to the world in the coming weeks and months our technology that utilizes our proprietary processes to convert, on an extremely cost-effective basis, multiple different garbage-derived feedstocks, including all plastics, sorted municipal solid waste (garbage), wood and agriculture waste, tires and virtually any other cellulous waste product into high grade renewable diesel. Our refineries are being engineered to be the greenest refineries on the planet which will benefit generations to come by being able to convert landfills into renewable fuels.”
Cielo’s strategic plan calls for building multiple modular refineries around the world, offsetting landfills and other feedstock supplies. Cielo intends to focus initially on building additional refineries in Alberta to fill the Canadian mandated demand for renewable diesel, almost all of which is currently having to be imported into Canada. In the coming months and years, Cielo’s goal is to replace as much as possible of the imported mandated demand, which management believes to be about 650 million liters a year, with its high grade renewable diesel fuel.
The renewable diesel that is going to be produced at the Company’s Aldersyde refinery is forecast to receive approximately a 25% premium over biodiesel pricing. In addition, as a result of Cielo’s feedstock being waste streams, with in some cases negative acquisition costs, versus biodiesel that uses food feedstocks, Cielo’s management believes that Cielo will not have to rely on government subsidies to be extremely profitable.
It will be higher grade and lower in sulfur and water, allowing year-round supply and longer shelf life. The refinery will initially be using wood waste as its feedstock that is being acquired pursuant to a multi-year feedstock agreement with Mountainview Eco Products. Mark Haldane, President of Mountainview, commented: “We are pleased to have been selected as the initial supplier of feedstock for Cielo’s environmentally friendly Aldersyde refinery. Being able to sell a waste product that is challenging for all North American sawmills and pulp mills to dispose of, makes sense to us both from a business and an environmental standpoint. We continue to be extremely pleased to be a part of Cielo’s strategic plan.”
Input and output numbers will be disclosed once Cielo’s Aldersyde Refinery is up and running on a continuous-flow basis. As a result of multiple engineering enhancements that were implemented during construction of the Company’s continuous-flow refinery at Aldersyde, Cielo’s management is anticipating at this point in time that the output of high grade renewable diesel from the Company’s Phase I refinery will meet and or exceed the originally contemplated output of 350 l/hr of high grade renewable diesel