Cielo Waste Solutions Corp V.CMC

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

Utilities Utilities - Independent Power Producers

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.

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Cielo Waste Solutions Corp > bay street pro

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Comment by oilcan2012on Dec 18, 2024 10:10am

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Post# 36367909

RE:bay street pro

Two facts:

The AB Govt. provided a grant to RMF for ~$21m. That goes with the transaction.
The PR indicates that all transaction parties remain committed to the closing the transaction.

An asset purchase for a considerable amount of money (125 million) remains on the table as Jackson and Dhaliwal and other participants work to get this closed. This is a turn around and if they are successful, the rebuilding of CMC can continue onwards.

Hard stop!

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