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Cielo Waste Solutions CSE:CMC

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    #46
    Canadian municipalities struggling to find place for recyclables after China restricts foreign waste

    http://www.cbc.ca/news/technology/ga...nada-1.4586602

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      #47
      CIELO PROVIDES UPDATE ON PERMIT AND CONSTRUCTION PROGRESS

      Cielo Waste Solutions Corp. has provided an update on its progress in obtaining the permit under the Environmental Protection and Enhancement Act, as well as on construction of its first commercial refinery.

      Cielo is pleased that the permitting process continues to move forward favourably. Management has been in continuous communication with the government authority issuing the permit and most recently has been advised that Cielo should receive a draft of the permit imminently for review and, if acceptable, approval. Management has been advised that, once the draft permit is finalized, the final step in the process is ministerial approval.

      Cielo is also pleased to advise that fabrication is progressing on schedule, with the majority being complete. Once Cielo receives the final permit, assembly work should be completed shortly thereafter.

      Don Allan, president and chief executive officer, stated: "Despite the recent pullback in market price, we are unaware of any negative issues affecting our business. We expect the final approval of our EPEA permit shortly and are still expecting to achieve our late spring 2018 startup date. We want to thank all of our trades and team for their tremendous efforts so far. After the significant amount of time and capital that has been invested throughout the years to reach the point we are today, it is exciting to now be on the cusp of starting up our first continuous flow refinery. We enthusiastically look forward to commercializing our world changing technology by completing this next milestone! "

      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 that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include 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.

      Comment


        #48
        Cielo Receives Draft EPEA Permit

        Vancouver, British Columbia, Canada / April 23, 2018 / CSE:CMC: Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce that on Friday April, 20th, 2018, the Company received its draft Environmental Protection and Enhancement Act Permit (the “Permit”).

        The Permit will govern and set out the requirements to be followed by Cielo in the construction and operation of its commercial refineries at its Aldersyde location. Cielo is in the process of reviewing the draft Permit and will provide any feedback to the government over the coming days. Once Cielo accepts the draft Permit, the final step is Minister approval, following which the final Permit will be issued.

        Don Allan, President and CEO, stated “We are pleased to have received the draft EPEA permit because it means that we are close to completing the permitting process, which will allow us to focus on the final stages of construction of our first commercial refinery.”

        Comment


          #49
          Plastics mines? Europe struggles as plastic pollution piles up

          https://www.reuters.com/article/us-e...-idUSKBN1IC0FY

          Comment


            #50
            CIELO ANNOUNCES EARLY WARRANT EXERCISE INCENTIVE PROGRAM AND OPERATIONS UPDATE

            Cielo Waste Solutions Corp. is implementing a warrant exercise incentive program designed to encourage the early exercise of 16,366,180 unlisted warrants with an exercise price of 20 cents per warrant with expiration dates between July and November, 2018. The Program will be open to Canadian holders of the Warrants until June 29, 2018 (the "Early Exercise Period").

            The Company has opted to prevent further dilution through the issuance of additional shares or warrants and, as it is nearing the start-up of its first commercial refinery, wishes instead to offer the right to receive a fixed dollar amount royalty on future production as its incentive.

            Each holder of Warrants who participates in the Program will be entitled to receive $0.0875 per Warrant exercised, payable as a non-transferable fixed rate royalty (the "Royalty" or the "Royalties"), which will be paid out pro rata over an estimated period of two (2) years or less, in the discretion of management, considering the aggregate value of the Royalties issued and the Company's cash flow requirements. Once Cielo begins production, Cielo will allocate 10% of gross sales to the payment of the Royalties.

            The terms and conditions of the Program will be set forth in a letter to be delivered to the registered address of each holder of Warrants. Holders of Warrants who wish to participate in the Program will agree to exercise their Warrants pursuant to the terms of such Warrants and to deliver any necessary documents required by the Company for the issuance of the Royalties. If Warrants are not exercised prior to the end of the Early Exercise Period or if a holder of Warrants does not qualify to receive the Royalty, the Warrants will remain outstanding and continue to be exercisable on the same terms applicable to such Warrants as they existed prior to the Program. Cielo intends to use the proceeds of the exercised Warrants for additional materials for the start-up as well as for operation of its first commercial refinery (the "Refinery"). Further, as Cielo is weeks away from the start-up of the Refinery, the proceeds will provide additional financial flexibility for the Company.

            Operations Update

            On May 23, 2018, Cielo received a letter from the Alberta Climate Change Office stating that Cielo has been approved to submit a grant application for the Bioenergy Producers Program, which is a grant that could subsidize $0.13 per liter on every liter of renewable diesel produced by Cielo. While this does not guarantee future grant approval, management believes it is a good indication of support from the Alberta Government.

            Cielo continues to wait on the receipt of its final Environmental Protection and Enhancement Act permit (the "Permit") from the Ministry of Environment and Parks (Alberta) (the "Ministry"). The Company continues to correspond regularly with the Ministry and has advised the Ministry of its late spring target start-up date (the "Target Date"). Notwithstanding the longer than anticipated approval process to date, management has been assured by the Ministry that the Permit will be granted in short order. The Company continues to work toward the Target Date and will provide additional updates as more specific information becomes available. Don Allan, President and CEO, stated, "We are excited to confirm that over 85% of the fabrication and over 70% of the assembly of the facility is complete. The team is extremely enthusiastic as we approach the start-up of our first commercial refinery, which converts cellulosic material into renewable diesel. Being so close to commercializing our technology, we are thrilled to have our shareholders join us through this transformative period."

            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 that can convert garbage-derived feedstocks to renewable diesel, at a significantly lower cost than biofuel companies. The garbage-derived feedstocks include 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.

            Comment


              #51
              Cielo Receives Required Permit From the Alberta Government To Construct and Operate its High
              Grade Renewable Diesel Refinery in Aldersyde, Alberta

              Vancouver, British Columbia, Canada / June 11, 2018 / 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.

              Comment


                #52
                On the 6th of June the company announced they needed money. they are trying to get it by a warrent exercise incentive program.

                "Cielo intends to use the proceeds of the exercised Warrants for additional materials for the start-up as well as for operation of its first commercial refinery (the "Refinery"). Further, as Cielo is weeks away from the start-up of the Refinery, the proceeds will provide additional financial flexibility for the Company."

                CMC comes out with very good news today, they got the permit to start production. BUT after hitting it's high of .20 it backed off and closed at .185.

                We'll see over the next couple of days if it can crack .20 which is where the first set of warrants is.

                rick

                Comment


                  #53
                  Looks like Don has exercised some 2.7 million in warrants on July 15th. Be curious to see how many more come in. Apparently they will be up and running sometime next week. I hope they don't announce anything until AFTER the warrant program. Too much selling pressure at the moment

                  Comment


                    #54
                    Both Don and Michael have been calling me re warrant exercise. Don did say plant up and running next week.

                    rick

                    Comment


                      #55
                      What is your downside for exercising early?? I don't have any so I haven"t really thought it through

                      Comment


                        #56
                        Cielo Kicks Off Start-Up and Commissioning of its First Commercial Renewable Diesel Refinery at Aldersyde



                        Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) is extremely pleased to announce that, as anticipated in previous news releases, the Company has initiated the start-up and commissioning of its first commercial refinery in Aldersyde, AB (the “Refinery”), which signifies the transitioning of the Refinery from the construction stage to the commercial operation stage.




                        Don Allan, President and CEO of Cielo, stated “These are very exciting times for Cielo and its shareholders. We have kicked off the commissioning of our first continuous flow refinery that converts cellulosic waste into high grade renewable diesel. This is a monumental occasion as we have spent years and millions of dollars to move our technology forward, which 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. The renewable diesel that is going to be produced at the Refinery is forecast to receive approximately a 25% premium over biodiesel. It is expected to be higher grade and lower in sulfur and water, allowing year-round supply and longer shelf life.”



                        Mr. Allan further added, “We are ecstatic that, over the course of the third quarter of this year, we expect to be able to demonstrate that our produced diesel commands a premium price and to validate our technology on a continuous flow basis. This is the turning point for Cielo, moving from construction to commissioning, with a view to proving to the world that this is a game changing technology in both the waste and renewable fuel industries. Cielo has been very fortunate to have an exceptional team working extremely hard to get this over the goal line. This major milestone is due to their expertise and devotion to Cielo.”



                        Commissioning Overview



                        During Cielo’s commissioning process, the Refinery begins to operate and is prepared for optimal performance and production. Each step of the commissioning process is performed separately to reduce start-up risks and expenses. The first major step focuses on the thermal oil, including preparation for and heating of the oil to a specific temperature range. Once the oil is sufficiently heated, the carrier fluid is mixed with feedstock and catalyst. Raw distillate is produced during the next major step, during which the Company will determine the best methods of removing sulfur and including fuel additives to achieve the best product and industry specifications as well as to confirm the volume per hour for the Refinery. Finally, once enough raw distillate is produced, the final major step is to prepare the final fuel products, including the separation of the naphtha, kerosene and diesel from the renewable fuel stream and the inclusion of any final additives. It is anticipated that the total time to complete the commissioning of phase 1 will be 45-90 days, depending on unforeseen events.



                        The completion of the commissioning phase 1 will also mark the completion of the next major milestone of the operation of the Refinery and Cielo’s technology generally. Following this and once the Refinery have been operating for a few months, Cielo plans to upgrade from the phase 1Refinery to its phase 2 refinery. It is anticipated that the beginning of phase 2 construction will occur in the fourth quarter of this year. The productive capacity of the phase 2 refinery is still anticipated to be approximately 2,000 litres/hour of renewable fuels, and with ongoing engineering and improvements, management is confident that it will meet or exceed these expectations upon the completion of phase 2.





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

                        Comment


                          #57
                          Would be awesome if an Alberta company ends up being a world changer. Watching closely.

                          Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) is pleased to announce that it has received from Maxxam Analytics (“Maxxam”), an independent renowned arms-length testing laboratory, favourable lab results confirming the Company’s ability to convert garbage into a high quality distillate. The Maxxam results indicated better than expected quality characteristics, including lower than expected water content, higher cetane ratings and excellent API gravity numbers that prove Cielo has produced a light distillate. Additional analysis work is being conducted, on an expedited basis, that will allow Cielo’s engineers to finalize their selection of the most cost-effective solution to strip the sulphur out of the distillate. The remaining steps of the Phase I commissioning stage include processing the distillate to produce naptha, removing sulphur from the remaining distillate, and further processing that distillate to separate into kerosene and high-grade renewable diesel.

                          Don Allan, CEO of Cielo, states “Receiving the independent lab results that confirmed that our Aldersyde refinery is able to convert waste into a better quality distillate than we anticipated is excellent news and generally confirms our ability to convert garbage into distillate on a continuous flow basis. As the remaining steps in the process to convert the distillate into our final products of high-grade renewable diesel, kerosene and naphtha are proven processes that are common in refining, we are confident that we have crossed the biggest hurdles in the commissioning process. We look forward to announcing our continuous flow production numbers in the near future and letting the world know that we have successfully commissioned our first commercial refinery.

                          Comment


                            #58
                            Another MOU being put together, Second one now as they build their business model.

                            VANCOUVER, BC / ACCESSWIRE / November 22, 2018 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) Cielo is pleased to announce that it has entered into a binding Memorandum of Understanding ("MOU") with Seymour Capital Incorporated ("Seymour Capital") that provides the framework for a joint venture agreement ("JV Agreement") pursuant to which Seymour Capital will provide 100% of the funding to build, commission and operate a Joint Venture Refinery ("JV Refinery") in Calgary, Alberta. The JV Refinery is projected to cost approximately $20 million and the parties to the MOU hope to have negotiated and finalized the terms of the JV Agreement for the JV Refinery ("Project") by February 28th, 2019, but in any event no later than April 30, 2019. The parties intend to form a joint venture company, to be owned 50.1% by Cielo and 49.9% by Seymour Capital.

                            In consideration for the opportunity to enter into the JV Agreement with Cielo and undertake the Project, Seymour Capital has paid to Cielo a $250,000.00 upfront fee ("Fee") to secure the territory of Calgary, Alberta. Pursuant to the terms of the MOU, Seymour Capital has been granted an option that can be exercised, on or before February 28th, 2019 to enter into a follow-on contractual arrangement with Cielo, on similar terms to the MOU, to build, commission and operate another joint venture refinery to be located in an Ontario municipality, of Seymour Capital's choice, other than one that is within the Greater Toronto Area ("Option"). In the event that Seymour Capital exercises its Option, Seymour Capital will pay to Cielo an additional one-time fee of $250,000.

                            The general terms to be incorporated into the definitive agreement include the following:
                            1. Seymour Capital will be solely responsible for financing 100% of the costs, associated with acquiring the land, building and commissioning of the JV Refinery ("Project Costs"), as well as for the initial refinery contemplated to be built in Ontario, if Seymour Capital exercises its Option.
                            2. Seymour Capital has a right of first refusal to enter into further agreements with Cielo to participate with Cielo on a 50.1%/49.9% basis, in favour of Cielo, to build, commission and place on production follow-on refineries in Calgary ("Follow-on JV Refineries"). Cielo will manage the Project overall, overseeing the planning, construction, commissioning and operation of the JV Refinery and Follow-on JV Refineries and will receive a management fee for the construction of the JV Refinery, equal to 7% of the Project Costs subject to certain exclusions, and will receive management fees, based on industry standards, once operations begin.
                            3. Profits will be split 30% in favour of Cielo and 70% in favour of Seymour Capital, until Seymour Capital has received profits equaling 100% of the Project Costs. Thereafter profits will be split on the basis of 50.1% for Cielo and 49.9% for Seymour Capital, reflecting the respective interests/ownership of the parties.
                            4. In the event that Cielo does not execute the definitive agreement for Calgary, Alberta, subject to an exclusion, by February 28, 2019, which date may be extended by either party to April 30th, 2019 ("the Execution Date") Cielo has agreed, subject to applicable laws and policies, to issue Seymour Capital common shares of Cielo in lieu of returning the Fee, valued at the greater of $0.25 per share and the average closing price of Cielo's shares during the 5 trading days prior to the Execution Date.



                            Don Allan, President and CEO of Cielo, commented "We are very pleased to continue to advance our business model with a financially strong partner, Seymour Capital. We believe that this is another opportunity for Cielo to enter into a win/win arrangement, removing the financing and scale-up risk Cielo would otherwise face in building its next refineries."

                            Jeff Seymour, CEO of Seymour Capital, commented "We have followed Cielo's progress for over a year and now with the confirmation that their process is able to convert waste into high grade renewable fuels, we have elected to move forward with assisting Cielo financially to build a state-of-the-art green refinery in Calgary. Once our JV refinery is up and running Cielo will be able to showcase it to the rest of the country as well as to the world. We are looking forward to creating new jobs in Calgary while at the same time providing a solution that reduces the amount of waste that goes into Calgary's landfill."

                            UPDATE:

                            Cielo has successfully converted the raw distillate that it has produced to date, from wood waste, using its proprietary process at its Aldersyde Alberta Refinery ("Aldersyde Refinery"), into renewable fuels consisting of naphtha, kerosene and diesel. The Company had announced the initiation of this process on November 1, 2018.

                            The next step of the commissioning process will require the desulphurization of the renewable fuels. After reviewing multiple desulphurization solutions that are currently in commercial use, the Company has narrowed its decision to two companies. Over the upcoming weeks, Cielo is hoping to implement this equipment so that it can begin sales revenue.

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