from Cdn Biomass website Aug 4th ... Cielo Waste Solutions Corp. has finished the installation of its newly engineered proprietary cooling equipment at its waste-to-renewable fuel facility in Aldersyde, Alta.
The waste process coming from the reactor tower is at approximately 365 degrees Celsius and is then reduced to less than 20 degrees Celsius in less than 11 minutes. It eliminates the need for Cielo’s operators to shut down the production of distillate for six hours after every 18 hours, and will allow Cielo to reach its goal for continuous flow of production.
The Aldersyde facility is now working with a third-party engineering team to fine tune the temperatures and mass balance in order to achieve the Cielo’s 24,000-litres-per-day (1,000lph) output goal. The process is expected to benefit the Aldersyde facility and all future facilities, including the previously announced joint venture facilities to be built, with the intention of maximizing quality, output and profit.
Cielo is currently completing another facility upgrade, which is the installation of a submersible heater that will be used to preheat used motor oil to help keep the reactor at the optimal operating temperature. This upgrade is expected to be completed as early as next week.
“The latest major modifications have proved to work better then we expected and we’re happy we chose to carefully plan the proper cooling system and other modifications,” Don Allan, president and CEO of Cielo, said. “We believe that we are now ready to show the world we have a complete process that will prove 16 plus years of hard work is ready to pay off. Together with the entire team, we are very excited to see our hard work coming to fruition and we are looking forward to reporting in the near future that we have reached the 1,000 lph or 24,000 litre per day output.”
I believe Cielo has been sold to investors as " near completion " when i fact it is still in the R+D stage. A month ago it was " now ready to show a complete process " and now they say they can't do more than 200 L/hr and get quality reuslts. On the Feb 26, 2021 BNN call Bob "rainman" McWhirter was using 10,000 L/hr ( "each plant is geared towards 10,000 l/hr " ) as the basis for his outlandish calulations and $ 8 per share target. Where did he get 10,000 l/hr from when company uses 1000 l/hr as a target ?
Also -- this magical process of garbage to diesel seems less so when you see it must be heated to 365 C then cooled to 20 C in 11 mins. yikes. Better be using renewable power or what is the point from an ESG perspective. And how do you heat plastic and rubber to 365 C with no emissions ?
I think McW has sold at least half if not all and he sees that he massively overhyped the stock in Feb 2021 BNN call and that is why he did not want to talk about the stock. Remember his $ 8 target was based on a 10,000 l/hr run rate per plant.
Overhyped and unproven tech = stay away. This could be the Theranos of bio-diesel. If they can't get it to work commercially profitable rates then it is just another failed R+D project.
Also -- insider selling is a HUGE red flag on an unproven company.