June 29, 2018 - 7:15 AM EDT
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Cielo Kicks Off Start-Up and Commissioning of its First Commercial Renewable Diesel Refinery at Aldersyde




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
[email protected]
www.cielows.com

 

Michael Yeung, CFA, VP, Business Development & Capital Markets
(403) 348-2972 Ext. 103
[email protected]
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.







Source: Cielo Waste Solutions Corp. (CSE:CMC, FWB:C36)

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