Canadian public company trading on the TSX Venture Exchange – symbol: CMC.
Cielo has an exclusive global license from a related party to a technology that can convert multiple different waste streams into fuels such as diesel (including renewabble diesel), naphtha and kerosene at a considerably lower cost than other biofuel companies.
Cielo plans to construct waste to fuel facilities using alternate waste feedstocks. Mandates from Federal, Provincial and World governments for greener energy supplies make this the right time for renewable diesel production.
Our near-term focus remains on getting our Aldersyde facility into continuous production and revenue. In parallel with the Aldersyde work Cielo is also in the design stages of a scaled-down version (60-litres per hour or “lph”) of a complete process system which is intended to mimic a full-scale state-of-the-art 4,000-lph facility which Cielo anticipates will be the basis for the design of future full scale commercial facilities. Based on our current timeline, we anticipate approaching the fabrication and construction phase of this Pilot towards the end of Q1-2022 which is planned at Cielo’s new, recently announced site at Fort Saskatchewan, Alberta.