Cielo Waste Solutions Corp. (“Cielo”) FAQ
Cielo’s head office is located at #610 – 475 West Georgia Street, Vancouver, BC V6B 4M9. Cielo’s operations are managed from their Calgary office. All correspondence should be directed to:
Cielo Waste Solutions Corp.
#1100, 605 5th Avenue S.W.,
Calgary, Alberta T2P 3H5
Cielo is a publicly traded company on the TSXV using the trading symbol CMC and also on the OTCQB using the trading symbol CWSFF. We also trade on the Frankfurt (36.F) exchange in Germany.
With Cielo being publicly traded on several exchanges including the TSXV, operational updates can only be given in formal news releases to ensure a fair and equitable distribution of material information to all our shareholders. This would apply to any other material information, such as construction timelines, expansion plans and any other milestones that could impact the share price. Any comments to individual shareholders can only be made with information that has already been press released. These Press Releases can also be found on our website under Newsroom.
Cielo owns 100% of the pilot commercial facility in Aldersyde.
Renewable U Energy Inc. is a private owned corporation in Canada. Cielo has entered into Memorandums of Understanding (“MOU”) concerning 9 territories with Renewable U Energy Inc. and is currently in negotiations with Cielo to build commercial scale Cielo Waste Solutions Facilities in each territory in a joint venture with Cielo. Pursuant to the (“MOU”) Renewable U Energy Inc. will be responsible for 100% of the costs to build and commission the facilities, and will receive 70% of the operating profits until that cost is recovered. Cielo will receive a project management fee of 7% of construction costs for each facility, and the other 30% of operating profits while the construction costs are recovered. After that point, Cielo will receive 50.1%, and RenewableU Energy 49.9% of profits for the ongoing operations of each Facility. Cielo will receive fees for operating each facility.
Renewable diesel uses renewable feedstocks to produce a very similar diesel to fossil derived diesel. This allows a higher mixed blend ratio to biodiesel (in fact, renewable diesel is so similar in chemical makeup to fossil diesel it can be burned unmixed into diesel engines, compared to the vastly different chemical makeup of bio diesel which can only be safely blended in small percentage). Renewable diesel has very little water compared to biodiesel which allows it to be used 12 months per year in colder climates. Biodiesel is made mostly from agriculture feedstocks, such as canola and soybeans. Cielo believes that it has a large advantage over biodiesel on production costs, as it uses waste for feedstock that costs pennies per liter, where agriculture crops cost approximately $.80 or more per liter. To date, Cielo has bench model tested 63 feedstocks in their patented process, to convert waste into renewable diesel, naphtha and kerosene.
Cielo can receive all fibrous materials including organics, wood waste (sawdust, bark, paper recycling products, cardboard, railroad ties, etc.), tires, municipal solid waste, blue box recycling, and all 7 type of plastic. Currently the Aldersyde facility is converting wood waste to fuel.
Yes, Cielo is not a waste company. We would work with industrial, waste management and recycling companies. These companies would deliver a waste feedstock that free of metal, rock, dirt and glass. They will also remove some of the water content as well as a pre-grind of the waste.
We are currently focused on renewable diesel, naphtha and kerosene (aviation/marine fuel).
The process of pyrolysis uses extremely high temperature and pressure, which burns the waste streams. This produces a toxic ash to dispose of, along with high emissions. The capex for a facility using pyrolysis is considerably higher than Cielo’s facility build costs, resulting in much lower ROI.
While our process can convert a wide variety of waste products, our process is currently focussing on the use of a single feedstock per facility.
Yes, while only 2 of 7 plastics are typically recyclable, Cielo can convert all 7 types of plastic. This is especially important as the plastic recycling business is in terrible shape. Asia is no longer taking plastic waste from North America. Cielo’s business model intends to migrate to not only convert the plastic we have here in Canada and the US but also to become an importer of plastic waste. In doing so, Cielo can clean up plastic waste from all affected countries and our world oceans.