Vancouver, British Columbia, Canada – TheNewswire – November 5, 2020 – (CSE:CMC), (CNSX:CMC.CN), (OTC:CWSFF) Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to announce that as a result of the current performance of the Company’s waste to high grade renewable fuel facility in Aldersyde, AB (the "Aldersyde Facility") and an increase in anticipated quantity of available feedstock, Cielo and its intended joint venture partner, Renewable U Medicine Hat Inc. ("Renewable U Medicine Hat"), have elected to scale-up the previously announced joint venture ("JV") facility in Medicine Hat (Dunmore), Alberta (the "Dunmore Facility") from 4,000 liters per hour ("lph") output to 10,000 lph output of renewable fuels. Cielo will not incur any costs for this project per the Memorandums of Understanding of the JV Renewable Diesel Facilities.
As announced on November 28, 2019, Cielo currently has a supply agreement for enough used railway ties to supply an adequate amount of feedstock for a 4,000 liter per hour facility. Since that time, Cielo has been presented with many additional feedstock opportunities, including un-saleable recyclable materials on their way to landfills, such as plastics, glossy paper, cardboard and agricultural waste. Since Cielo’s unique technology converts multiple different waste feedstocks and the supply is likely to be higher than anticipated, management, with Renewable U Medicine Hat, have determined that a larger facility than originally planned is a logical and appropriate business decision. Renewable U Medicine Hat has conditionally secured an 80-acre site in Dunmore that is ideally located next to a major transcontinental rail transfer yard and the Trans-Canada highway. This leaves lots of options open for importing even more feedstocks, such as the abundant problematic plastic waste and will allow for the convenient logistics of transporting renewable fuels throughout all of North America or further through seaboard ports.
Cielo and Renewable U Medicine Hat plan to hold a formal engineering kick-off meeting on November 17, 2020 with all engineers required to build out the MH Facility, including civil engineering, permitting, rail design, construction, fabrication and project design engineering. Management believes this meeting signifies the serious commitment by all parties and a milestone to advancing the construction of the Dunmore Facility.
The Dunmore Facility is expected to create approximately 300 jobs in construction and fabrication as well as 35 to 40 fulltime jobs and expected to use approximately 163,000 tonnes of waste each year while producing approximately 83 Million liters of high grade renewable fuels, such as highway grade renewable diesel. Management expects there will be many spinoff opportunities created, such as trucking and professional services. Cielo and Renewable U Medicine Hat expects the construction and operation of the Dunmore Facility will generate approximately $7.5M in provincial taxes and $30M in federal taxes.
Cielo’s President and CEO, Don Allan stated, "We are extremely confident our process is able to be replicated and scaled-up from our original design. With waste feedstocks being plentiful and multiple buyers interested in purchasing our renewable fuels, along with the continuous push for environmental stewardship at every level of government and major corporations, the timing couldn’t be better for us to scale-up our planned joint venture facilities." Mr. Allan adds, "Our Dunmore Facility will be built as a world class, first of its kind, facility. We look forward to hosting international tours along with students, educators, all members of government and interested investment groups. The inquiries coming from North America and internationally have increased due to our progress and also, more recently, the reading of Private Members’ Business Bill, C-204* by MP, Scot Davidson in the House of Commons last week, during which Cielo was specifically mentioned.
We are also very pleased that Renewable U Medicine Hat shares our vision. Together we believe this new facility using our patented technology will make a serious difference in helping Canada achieve its goal of reducing GHG emissions, landfill waste and the ever-growing crisis of problematic plastics."
MP Scot Davidson stated "Cielo is an exciting, innovative Canadian company that is doing fantastic work to deal with our country’s waste problem. This announcement shows just how much demand there is for sustainable, domestic solutions to manage Canada’s plastic and other waste, and the effectiveness of Cielo’s proven technology."
Ryan Jackson, COO of Renewable U Medicine Hat, stated, "We are very excited for this announcement to increase the size of our Dunmore Facility and begin the engineering work! The support we have received locally and from outside the region is more than encouraging. We are looking forward to the exciting next steps!"
Private Member’s Bill C-204, An Act to amend the Canadian Environmental Protection Act, 1999 (final disposal of plastic waste), which enactment would amend the Canadian Environmental Protection Act, 1999 to prohibit the export of certain types of plastic waste to foreign countries for final disposal.
On behalf of the Board of Directors of the Company,
Cielo Waste Solutions Corp.
Don Allan, President/CEO/Director
Investor Relations (Canada) Investor Relations (USA)
Lionel Robins (780) 832-6810 RBMG (RB Milestone Group, LLC)
email@example.com Trevor Brucato, Managing Director
New York, NY & Stamford, CT
Raphael Bohlmann (780) 876-7786
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", as well as OTC Markets Group, on the OTCQB, under the symbol "CWSFF". Cielo is a waste to renewable fuel company with a game changing technology engineered to help solve the world’s garbage crisis. Cielo’s technology transforms landfill garbage into renewable high-grade diesel, naphtha and kerosene (aviation jet and marine fuels). Cielo’s proven and patented technology is currently being deployed in the Company’s Aldersyde Facility, Alberta, where wood waste is currently being converted into renewable fuels.
Cielo is headquartered in Alberta, Canada with plans to build and operate green Facilities across North America as well as globally.
Cielo has already begun expanding its footprint by signing multiple Memorandums of Understanding pursuant to which third parties are in negotiation with Cielo to build, at no cost to Cielo, Joint Venture Renewable Diesel Facilities in Grande Prairie, Calgary, Medicine Hat and Lethbridge, Alberta as well as in Nova Scotia (each a "JV Facility", collectively the "JV Facilities"). Each JV Facility is projected to cost approximately $50 million to build, commission and place on production. Cielo will be the general contractor and operator of all the proposed JV Facilities. The 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 and telephone poles as well as all types of plastic that currently cannot be recycled.
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 related to the ability to scale up the MH Facility to 10,000 litres per hour, the construction of the MH Facility, entry into a joint venture agreement with Renewable U Medicine Hat and related matters (such as the formal planning meeting on November 17, 2020), the ability to acquire the property in/near Medicine Hat for the MH Facility, the ability to obtain more feedstock than anticipated and generally the anticipated results and effects of building and operating the MH Facility, including but not limited to revenues, job creation, and generation of taxes. 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 and the OTCQB have not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
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