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Cielo Waste Solutions (CSE: CMC) signed 2 multi-year feedstock agreements to obtain various waste products to produce a high quality renewable diesel

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Over the past week, Cielo Waste Solutions (CSE:CMC) signed 2 multi-year feedstock agreements to obtain various waste products to produce a high quality renewable diesel. These agreements follow the March 4th signing of a long-term lease for 2.09 acres, and a Right of First Refusal on an additional 8 acres, located in Edmonton, Alberta, which provides the company with an ideal location to build its first diesel refinery.

Additional Information:

Company: Cielo Waste Solutions
Website: https://www.cielws.com
Stock Symbol: CSE: CMC
Date Published: Mar 20, 2016
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for Investmentpitch Media

Over the past week, Cielo Waste Solutions (CSE:CMC) signed 2 multi-year feedstock agreements to obtain various waste products to produce a high quality renewable diesel.

These agreements follow the March 4th signing of a long-term lease for 2.09 acres, and a Right of First Refusal on an additional 8 acres, located in Edmonton, Alberta, which provides the company with an ideal location to build its first diesel refinery.

By incorporating the latest material recovery technologies, this refinery will be using waste, such as wood shavings, contaminated plastics, recycle materials and further municipal waste streams to produce renewable diesel for blending with petroleum diesel.

Don Allan, President & CEO, stated: “After years of hard work, we are now ready to move forward with completing the engineering and construction of a 1,000 liter per hour refinery. Our decision is a result of many factors, including the 3rd party validation of the technology and proforma as well as an intensive selection process for this site location.”

Under the terms of the first feedstock agreement, Parkland Chips Products will supply enough sawdust and wood shavings to supply 50 to 100% of Cielo’s feedstock requirements for its first commercial diesel refinery.

The second feedstock agreement, with Dipper Oil Recycling, will provide used oil and plastics.

The shares are trading at $0.065, and with 49.6 million shares outstanding, the company is capitalized at $3.2 million.

For more information please visit the company’s website www.cielows.com, contact Don Allan, President & CEO at 403-348-2972 ext 222, or email donallan@cielows.com.

I’m Amanda Rose Schellenberg for Investmentpitch Media