re: IscfaAnother thing you are missing in your numbers is the GHG tax credits.
ESG note: A 12000 LPH facility running at 20 hours a day for 7 days a week for 11 months would equal close to $135 million in annual revenues assuming a 1,67 CAD price per liter for the Edmonton facility alone not taking into account any revenues from potential emissions rights.
ESG: What is the actual Greenhouse gas emissions impact of Cielo’s renewable diesel compared to regular diesel and gasoline?
Don:
We have actually hired the number 1 company in North America to find out the actual GHG savings and we will likely be able to update the market on this in approximately 6-8 weeks.
If Canada goes forward with their 170 dollar tax per tonne of green house gas emissions we could make more money off these emission rights than selling the actual fuel. We are likely the only company who likes this tax. However we do not count in any subsidies in our business model because you never know what happens with politics. Our revenue numbers NEVER include GHG emission rights, so this COULD potentially be a big and solid revenue for us.