Cielo Receives Required Permit from the Alberta Government to Construct and Operate its High Grade Renewable Diesel Refinery in
Aldersyde, Alberta
Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp.
("Cielo" or the "Company") (CSE:CMC) is pleased to announce that, late in the day on Friday June 8th, 2018, the
Company received its permit from the Ministry of Environment and Parks (Alberta) (the “Ministry”) pursuant to the Environmental
Protection and Enhancement Act (“EPEA Permit”) that will allow for the operation of its first commercial refinery in Aldersyde,
Alberta.
Don Allan, President and CEO of Cielo, stated “Receipt of the EPEA Permit is a momentous milestone which allows us to now
proceed with commissioning and placing our transformational high-grade renewable diesel refinery on production. It is anticipated
that the regulatory permitting approval process will be significantly shortened with each new site that is applied for,
especially within the Province of Alberta.. We are now more confident than ever that we will have our refinery up and
running, on a continuous-flow-basis before the end of this month.” Allan further commented “We are looking forward to being able
to showcase to the world in the coming weeks and months our technology that utilizes our proprietary processes to convert, on an
extremely cost-effective basis, multiple different garbage-derived feedstocks, including all plastics, sorted municipal solid
waste (garbage), wood and agriculture waste, tires and virtually any other cellulous waste product into high grade renewable
diesel. Our refineries are being engineered to be the greenest refineries on the planet which will benefit generations to come by
being able to convert landfills into renewable fuels.”
Cielo’s strategic plan calls for building multiple modular refineries around the world, offsetting landfills and other
feedstock supplies. Cielo intends to focus initially on building additional refineries in Alberta to fill the Canadian mandated
demand for renewable diesel, almost all of which is currently having to be imported into Canada. In the coming months and years,
Cielo’s goal is to replace as much as possible of the imported mandated demand, which management believes to be about 650 million
liters a year, with its high grade renewable diesel fuel.
The renewable diesel that is going to be produced at the Company’s Aldersyde refinery is forecast to receive approximately a
25% premium over biodiesel pricing. In addition, as a result of Cielo’s feedstock being waste streams, with in some cases
negative acquisition costs, versus biodiesel that uses food feedstocks, Cielo’s management believes that Cielo will not have to
rely on government subsidies to be extremely profitable.
It will be higher grade and lower in sulfur and water, allowing year-round supply and longer shelf life. The refinery will
initially be using wood waste as its feedstock that is being acquired pursuant to a multi-year feedstock agreement with
Mountainview Eco Products. Mark Haldane, President of Mountainview, commented: “We are pleased to have been selected as the
initial supplier of feedstock for Cielo’s environmentally friendly Aldersyde refinery. Being able to sell a waste product that is
challenging for all North American sawmills and pulp mills to dispose of, makes sense to us both from a business and an
environmental standpoint. We continue to be extremely pleased to be a part of Cielo’s strategic plan.”
Input and output numbers will be disclosed once Cielo’s Aldersyde Refinery is up and running on a continuous-flow basis. As a
result of multiple engineering enhancements that were implemented during construction of the Company’s continuous-flow
refinery at Aldersyde, Cielo’s management is anticipating at this point in time that the output of high grade renewable diesel
from the Company’s Phase I refinery will meet and or exceed the originally contemplated output of 350 l/hr of high grade
renewable diesel.
For more information please contact:
Cielo Waste Solutions Corp.
Don Allan, President & CEO
(403) 348-2972 Ext. 101
donallan@cielows.com
www.cielows.com
Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
michaelyeung@cielows.com
www.cielows.com
About Cielo Waste Solutions Corp.
Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the
Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo holds the exclusive license for the global rights to a
transformational, patent-pending, technology engineered to convert garbage-derived feedstocks to renewable diesel, at a
significantly lower cost than biofuel companies. With landfills being one of the world’s leading contributors to Green House Gas
emissions and being projected to double in size over the next 7 years, Cielo can potentially resolve this crisis, on a
cost-effective basis, by converting multiple different garbage-derived feedstocks, including sorted municipal solid waste
(garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into
high grade renewable diesel.
Cautionary Note Regarding Forward-looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively
referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements
other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective",
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negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are
beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward looking statements, including but not limited
to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic,
competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. Although the Company
has attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or
intended.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and
uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks
and uncertainties, which may cause the Company’s actual performance and results to differ materially from any projections of
future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as
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news release.
To view the original release, please click here
Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)
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