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Cielo Announces Signing of Second Feedstock Supply Agreement for the First Commercial Waste to Energy Refinery

V.CMC

Cielo Announces Signing of Second Feedstock Supply Agreement for the First Commercial Waste to Energy Refinery



Vancouver, British Columbia (FSCwire) - CSE:CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company").  On March 17, 2016 Cielo signed a multi-year feedstock agreement with Dipper Oil Recycling, a division of Little Dipper Holdings Ltd. (“Dipper” or the “Supplier”). This contract allows Cielo to purchase enough used oil and plastics to supply the first unique commercial waste to renewable diesel refinery. 

 

Don Allan, President and CEO of Cielo, states: “This is yet another example of using the earth’s waste streams to make a high quality renewable diesel.  Dipper will be able to collect used motor oil and contaminated pails from the oil industry which will an excellent feedstock for our first commercial refinery. This and the announcement we made last week regarding the use of sawdust and wood shavings will show the world there are alternatives for waste to green diesel.  We will continue to diversify our feedstock as we continue to work towards the construction of the first refinery.” 

 

Guy Tomlinson, the President and CEO of Dipper, stated “We are very excited to begin working with Cielo. As our business is focused on recycling throughout Western Canada, I think it’s great to partner with another company in our market that is focused on making such an impact to our environment.”

 

 

About Cielo Waste Solutions Corp.:

Cielo specializes in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill reduction through responsible diversion practices. By incorporating the latest material recovery technologies, Cielo is able to achieve significant diversion from landfills while creating a feedstock specifically for renewable diesel. Cielo provides solutions for responsible waste management while also providing value added opportunities.

 

For more information on the Company, please contact

Don Allan, President, at (403) 348-2972 ext 222, or visit the Company’s website at www.cielows.com

Further information regarding the Company can be found on SEDAR at www.SEDAR.com or by visiting our profile on www.CSE.ca.

 

On Behalf of the Board of Directors

Don Allan

Chief Executive Officer

Tel: 403.348-2972 Ext. 222

Email: donallan@cielows.com

 

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

 



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/CieloMar212016.pdf

Source: Cielo Waste Solutions Corp. (CSE:CMC) http://www.cielows.com/

 

Maximum News Dissemination by FSCwire. http://www.fscwire.com

 

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