{"id":2069,"date":"2021-03-08T21:53:07","date_gmt":"2021-03-08T20:53:07","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/cielo-waste-solutions-expands-into-the-united-states-and-additional-canadian-site-2\/"},"modified":"2022-01-25T09:58:40","modified_gmt":"2022-01-25T08:58:40","slug":"major-breakthrough-for-cielo-waste-solutions","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/reports-news-interviews\/major-breakthrough-for-cielo-waste-solutions\/","title":{"rendered":"Major breakthrough for Cielo waste solutions"},"content":{"rendered":"

Cielo Waste Solutions<\/strong>
\nTicker: CMC.CN \/ CWSFF
\nListings: Canadian Securitites Exchange \/ US OTC
\nWebsite:https:\/\/www.cielows.com\/<\/a>
\nMarket Cap: 307 MCAD at time of posting
\nShare price: 0.87 CAD at time of posting
\nIndustry: Converting waste to renewable fuel<\/p>\n

 <\/p>\n

Cielo<\/strong>\u00a0Waste Solutions provided an update this morning (3\/8 2021) regarding their Desulfurization Process which has to been seen as one of the\u00a0biggest breakthroughs\u00a0<\/strong>for the company<\/p>\n

The company reports:<\/strong>
\n\u201cCielo has been in collaboration with the University of Calgary to pioneer a scalable, cost-effective solution to decrease the sulfur content in its renewable diesel.\u00a0Cielo\u00a0has completed the fabrication of a bench-scale system that has 1,000 times more throughput than the University of Calgary\u2019s demonstration laboratory unit, which provided\u00a0Cielo\u00a0with proof-of-concept data. Extremely successful tests have been completed on\u00a0Cielo\u2019s renewable diesel using the new process. \u00a0Cielo\u2019s goal was to meet the highway diesel specification of 15ppm or less of sulfur. Late Friday, Cielo received laboratory results that indicated the successful reduction of the sulfur content to approximately 5ppm, well below the required specifications. Cielo will now proceed with scaling up desulphurization\u00a0efforts in light of this breakthrough.\u201d<\/p>\n

The meaning of this for Cielo Waste Solutions cannot be highlighted enough<\/strong>! As you may have read in my interview with SmallCap Investor Robert McWhirter published 7\/3 2021 he thought the biggest risk for Cielo Waste Solutions was to cross the hurdle of scaling up the Desulfurization Process in order to be able to get a premium price for their renewable fuel.
\nAll that appears to remains now is to fabricate and assemble the equipment at Aldersyde needed to start producing low sulfur premium renewable fuel.<\/strong>\u00a0Getting the Sulfur content down to below 15 ppm was as I\u2019ve pointed out crucial to be able to sell renewable diesel with a premium price.<\/p>\n

President and<\/strong>\u00a0CEO of Cielo Waste Solutions\u00a0Don Allan\u00a0<\/strong>commented on the breakthrough in the press release:
\n\u201cWe are very pleased to announce the successful completion of testing of the desulfurization process and that we\u2019ve resolved the desulfurization issue. \u00a0 Now, with funds in-hand, we are fabricating the equipment for installation at our facility in Aldersyde, Alberta.\u201d<\/p>\n

A sidenote in the pressrelease was also the exercising of warrants by the companys largest secured lender, BJK Holdings Ltd which have has exercised 10,000,000 of its warrants for approximately $1M in proceeds. Cielo has applied this towards the current loan of $3.85 MCAD and intends to payoff the loan in full by end of March 2021.<\/p>\n

Cielo Waste Solutions<\/strong>\u00a0remains as my largest position in the portfolio and I\u2019m confident that the company is on a positive path towards commercial success even more so after this breakthrough.<\/p>\n

Link to press release:\u00a0https:\/\/ceo.ca\/@thenewswire\/cielo-provides-update-on-the-desulfurization-process<\/a><\/p>\n

This is not to be considered financial advise, always do your own research!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Cielo Waste Solutions Ticker: CMC.CN \/ CWSFF Listings: Canadian Securitites Exchange \/ US OTC Website:https:\/\/www.cielows.com\/ Market Cap: 307 MCAD at time of posting Share price: 0.87 CAD at time of posting Industry: Converting waste to renewable fuel   Cielo\u00a0Waste Solutions provided an update this morning (3\/8 2021) regarding their Desulfurization Process which has to been […]<\/p>\n","protected":false},"author":1,"featured_media":1975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148,128],"tags":[],"class_list":["post-2069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-reports-news-interviews"],"yoast_head":"\nMajor breakthrough for Cielo waste solutions - ESG Fire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/esgfire.com\/en\/reports-news-interviews\/major-breakthrough-for-cielo-waste-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major breakthrough for Cielo waste solutions - 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