Cielo Waste Solutions Corp. (“Cielo”) FAQ
Cielo is headquartered in Red Deer, Bridgeview Place II Suite #115, 5114 – 58 Street, T4N 2L8. Please note the Vancouver address is for the legal office. #610 – 475 West Georgia Street, Vancouver BC V6B 4M9
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. Don Allan is the President, CEO and Chairman of the Board.
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, who is building a total of 8 commercial scale Cielo Waste Solutions Facilities across North America in joint venture with Cielo. They will be responsible for 100% of the costs to build and commission those refineries, 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.
Seymour Capital Incorporated had signed an initial MOU, to be Cielo’s JV partner for the Calgary territory as well as a ROFR on the 1st site in Ontario. On March 6, 2021 RenewableU Energy inc, acquired the MOU’s associated with Seymour Capital and Cielo, and Seymour Capital joined the ownership group of RenewableU Energy Inc..
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 has a large advantage over biodiesel on production costs, as they use waste for feedstock that costs pennies per liter, where agriculture crops cost approximately $.80 per liter. To date, Cielo has bench model tested 63 feedstocks in their patented process, to convert 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.
Yes, Cielo is not a waste company. We work with industrial, waste management and recycling companies. These companies will 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.
Yes, we can take a large variety of waste products at the same time. Our process has been designed to allow multiple feedstock individually or mixed.
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 our plastic waste from North America. Cielo’s business model is migrating 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.