Webinar
1450 dialed in.
Refresh of Cielo goals
Refresh on fuel types
3 plants at each of renewable u sites
Update at Aldersyde.
3 companies looking at improvements (reator, waste and infeed)
Were able to reuse old Aldersyde reactor with improvements.
Added heat, blender and vaccuum pipe to reactor.
Added 17 monitoring devices to reactor to continue improvements.
Desulferization. UFC for 3.5 years. Reuses reactor process, new in the market.
Catalyst uses ion charge which was missing. Texas will add charge in next week. China was concerned about shipping with the charge on it. Should be done this month.
Higher sulfer content fuel still sellable to O&G and mining industries with good prices.
Will still get revenue using this method.
Capacity has hit 1000 l/h. Higher rates impact fuel quality.
Test rates are usually 200 l/h.
Restated Medacine Hat ground breaking attendance.
Engineering done, working on site drawings.
Edmonton location. Ideal location. Next door to Shell. Local suppliers are right there.
Advancing joint venture with Renewable U. This will be the template for future joint ventures.
Current planned sites will be 1B l per year using over 350M tons / year of garbage.
Plan is to commission new plant every 3 months after first one.
Halifax facility can actually import plastics to turn into fuel.
Waiting for Canadian government to change rules related to plastics.
Renewable U still figuring out sites. Very pleased with partnership.
Discussions with more JV partners. Updates coming soon. Still lots of growth.
Alberta permits for RR Ties good support. AP working on 4 types of feedstock. RR Ties, common garbage, sewage waste.
Adding new management. New board now in place, new COO, new CFO, senior VP. Were not able to bring in staff at current location. Calgary move happening this month will allow more accounting staff. End of Don's discussion.
Question period.
Big company competition recent announcement (imperial oil, shell, marathon) is new competition? Still using food stock soy and canola. These companies all need subsidies to make it work and type of biofuel causes problems when blended. Renewable diesel from Cielo is chemically identical to regular fuel with 100% blend. Don says Ethanol is not the way to go.
Does RUEI have the ability to raise the capital? Yes they really do. Solid partnership.
Is plastic a renewable feed stock? Not at this time. Cielo can use all 7 variations of plastic.
Sourcing of government funding? Suma trying. Currently on hold due to election. Alberta government good support. Currently no support from liberal government, denied grants.
Desulfization sulfer content expected. Will get below 15 ppm.
Used tire profit potential? Tree products least benefial. Waste including tires most beneficial. Delta of about 8% between them. Will impact how much is paid for feed stock. Plastics is better than wood.
Timeline for 1000 l/h? Hope its right away. Team is focused. Difficult to give a day and time. Press release immedaitely after.
When USA? talking number of sites. MOU being worked on. 3000 acres landfill park. Cielo first key tennant. Want to collect methane. Cielo will buy it. Sorting will be done by owner. Hope for signs on busses stating garbage to fuel benefits.
Is china only place to make catalyst? 2 different catalyst. One has multiple. Other they are looking for alternate suppliers.
Is Medicine hat the next one? yes, focused on that.
Dilution? Looking for opportunities. Currently lots of money in the bank. Talking with large banks, getting term sheets. Still need legal binding agreement for feed stock. Still waiting for Alberta government approval for feedstock.
When 1000 l/h done, will 4000 l/h be focus? Yes, going 1000 to 2000 to 4000. Won't start design until 2022.
If most sulfer comes from oil in slurry, have you looked at other slurries? Yes, looked at others, tests good results, still looking at it.
Europe expansion? Yes but currently focused on NA. Focused on the 10 currently announced.
Thank you Don for updates.
Don says keep firing in questions which will be answered.
Recording will be posted on youtube in next few days.
Broke records for number of people who joined.
Bye for now.