Cielo Aldersyde And Edmonton Progress Update
July 8, 2021 (Source) — Cielo Is on Target to Complete Next Steps
Cielo WasteSolutions Corp. (TSXV:CMC)(OTCQB:CWSFF) (“Cielo” or the “Company”) is pleased to provide an update on its Aldersyde and Edmonton (Ft. Saskatchewan) facilities. Cielo is currently focused on three immediate initiatives at the properties:
- Desulphurization at Aldersyde facility
- Continuous designed production of 24,000 liters per day at Aldersyde facility
- Development and build out of the Company’s new 100% owned Edmonton (Ft. Saskatchewan) facility.
On May 23, 2021, the desulfurization equipment began to arrive at its facility in Aldersyde. The equipment is needed for Cielo to reduce the sulphur content to below 15 parts per million (ppm), a priority next step. In conjunction with this equipment being delivered, Cielo has retained several qualified engineers (processing, chemical, mechanical and operations) as well as the University of Calgary’s engineering department, to work with Cielo’s team to complete this initiative. Cielo has now begun commissioning this process and hope to have it in full operations in the near future. Once completed, Cielo hopes to have a high-quality diesel product with less than 15 ppm and capitalize on the increasing price per liter which now stands at above $2.00/liter.
As of June 26, 2021, Cielo is pleased to announce that the Aldersyde plant has been producing diesel from the distillate storage tank. During this commissioning it was important to make sure all the new equipment worked with the existing process. Cielo is pleased to announce we have now started to build up the designed capacity of 24,000 liters per day. Over a 10-day period Cielo produced approximately 53,000 liters of diesel, recently with one full day of 23,598 liters. On July 2, 2021, Cielo began making distillate from wood waste and is now operating on a full-time continuous basis. As with the commissioning of the diesel process, it is important to start slowly and make sure all the new equipment works with the full design process. In the past 3 days, Cielo has produced approximately 15,100 liters of distillate and is seeing increases in numbers regularly.
Don Allan, CEO of Cielo, stated, “We are having a great start to the summer and are seeing the fruits of our labor come together. We have been installing numerous engineering upgrades to operate continuously to make high-quality renewable diesel and we are excited to announce that this is now being accomplished. We have worked very hard to get to continuous flow and we have now achieved that. Our next objective is to commission the desulfurization process, which has begun.”
The Company is also pleased with the initial work begun at the new corporate facility in Edmonton (Ft. Saskatchewan). The initial steps are to complete the necessary permitting, site design and move forward with engineering.
Mr. Allan further commented, “With completion of these milestones, Cielo will be in a position to begin to see revenue at our Aldersyde facility as the company begins ongoing production and subsequently see consistent revenue growth from the Edmonton (Ft. Saskatchewan) facility once completed. The completion of these two corporate facilities lays the foundation to build out multiple facilities under the same modular model and as such potentially see exuberant growth over the next 12 to 36 months. We are also very excited to be participating in the sod turning ceremony of the Dunmore facility on Thursday, July 8th.”
Cielo remains committed to meeting its corporate objectives and expects to do so on or before the scheduled timelines. Further updates will be provided as they become available.
On behalf of the Board of Directors
Don Allan, President / CEO / Director
|For further information please contact:
Investor Cubed Inc. (Canada):
RB Milestone Group LLC (USA):
About Cielo Waste Solutions Corp.
Cielo is a publicly traded company with a proprietary technology that transforms landfill garbage into renewable high-grade diesel, kerosene (aviation jet and marine fuel) and naphtha. Cielo’s proven and patented technology is currently being deployed in the Company’s Aldersyde, AB facility, where wood waste is currently being converted into renewable fuels. Cielo’s experienced management team is well positioned with strategic partners in place to expand aggressively across Canada, into the US and then globally. The waste/feedstock that will be used in the Company’s green facilities is the world’s most available and inexpensive feedstock, garbage; including household, commercial/ construction/demolition garbage, used tires, railway ties, telephone poles, as well as all types of plastic, some of which currently cannot be recycled and/or deposited into landfills. Cielo’s goal is to manufacture renewal fuel while ridding the world of unwanted and problematic garbage.
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”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including 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. CIELO is making forward looking statements including but not limited to in relation to: the completion and commissioning of the desulfurization process; the increase in production rates; the planning, building, and engineering of the Edmonton facility, anticipated revenues and matters related to the foregoing . 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 of the date hereof and, except as required by law, neither the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. The TSXV, OTCQB and, WKN, have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this News Release.
InvestorIntel.com is a leading online source of investor information that provides public market coverage for both investors and industry alike. A qualified online influencer through ... <Read more about InvestorIntel>