Reminder: Live Investor Webinar on today, October 22nd, at 11 AM ET (9 AM MST)
Vancouver, British Columbia, Canada - TheNewswire - October 22, 2020 - (CSE:CMC), (CNSX:CMC.CN), (OTC:CWSFF) Cielo Waste Solutions Corp. ("Cielo" or the "Company") is pleased to provide an update on its production levels at its waste to high grade renewable fuels facility in Aldersyde, Alberta ("Facility"). As previously released on October 14, 2020, Cielo's initial goal was to start the Facility slowly after implementing the latest improvements, with expectations of initially producing between 200 to 500 liters per hour of distillate. With the design changes in place, on October 14, the Facility unexpectantly produced approximately 800 liters per hour of distillate. The much higher favorable conversion rate of waste into distillate required Cielo to make some minor improvements which have now mostly been completed. The Facility is back into production and we are pleased to report the Facility is producing 800 liters per hour of distillate for 18 hours and then goes through a cooling process for 8 hours, which continues to exceed management's expectations. Cielo expects the remaining improvements to be installed over the next few weeks. Cielo will continue making distillate until the level in the distillate tank is high enough to begin pumping into the naphtha and diesel vessels.
Don Allan, Cielo's President and CEO stated "We are pleased with the impact on the production rates being achieved from the recent minor upgrades made in addition to the previous major engineering upgrades. The combination of all these advancements have been most beneficial to the Facility and will be incorporated in the follow-on new facilities. The combination of these advances not only allowed Cielo to ramp up production but also to further analyze the Facility and continue to make improvements.
Cielo would also like to introduce Kevin Humeniuk as the new plant manager for the Facility. Mr. Humeniuk is a 4th Class Power Engineer with over 20 years of facility management. He has multiple designations, certifications and tickets and brings an abundance of skill, leadership and a history of quality service from his past work experience. Management is pleased to have Mr. Humeniuk join the Cielo team and believes this addition will allow Cielo to continue to run the Facility in a safe, productive and efficient manner.
Reminder: Cielo to Host Live Investor Webinar Today, October 22nd, at 11 AM ET (9 AM MST)
Cielo's President & CEO, Don Allan, will be hosting a live investor webinar today, Thursday, October 22nd, to provide a brief overview of the Company, its current operations, its anticipated joint ventures and upcoming milestones. You can register for the webinar below:
Date: Thursday, October 22nd, 2020
Time: 11 AM EST (9 AM MST)
HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may also submit your question(s) beforehand via email at email@example.com.
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)
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 continued operations of the Facility and the completion of the improvements that continue to be made to the Facility. 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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