Cielo Waste Solutions Corp. V.CMC

Globe says Alberta's Cielo aims to make fuel from waste .$$$

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Globe says Alberta's Cielo aims to make fuel from waste

 

2021-07-12 05:44 PT - In the News

 

The Globe and Mail reports in its Monday, July 12, edition that Cielo Waste Solutions could make a big dent in the growing mountains of waste headed to landfills, that is if its technology works. The Globe's Jeffrey Jones writes that Cielo is starting to scale up a proprietary refining process that transforms thrown-away plastic, wood, paper and organic material into diesel, kerosene and naphtha at plants designed to be nearly carbon neutral. Now, the company is planning to build two new facilities, one in Medicine Hat and another near Edmonton, to follow its first plant located in Aldersyde, Alta., 45 kilometres south of Calgary. It has grand plans for dozens more scattered across the continent. Its Aldersyde facility, which cost about $80-million, can produce 1,000 litres of fuel an hour. The company is expanding the facility to double the output this year. It is a prototype for future modular plants designed to pump out 4,000 litres an hour. Cielo plans to build 10 more of these facilities right away, with plans for 40 more over the next five to seven years throughout North America. The Globe says it is a tall order, as the patented technology has yet to be proven on a large commercial scale.

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[13X2413]

Hahahaha. Good one;)

[Frescoz]

are they generating revenue or do we waite for a few years

[alderaan]

OMG Do some basic DD and that will answer your question. i.e read the news releases for starters.

[vitalina2233]

agreed ald  geesh you can even look at some post on the board