Cielo announces investor for waste-to-fuel refinery

Cielo Waste Solutions Corp. says it has entered into a joint venture agreement with a Toronto-based investor for funding for its first commercial-scale waste-to-fuel refinery.

Cielo Waste Solutions Corp. says it has entered into a joint venture agreement with a Toronto-based investor for funding for its first commercial-scale waste-to-fuel refinery.

A release issued by Cielo (CSE:CMC), which is based in Surrey, B.C. but has its operational headquarters in Red Deer, said the funding will be used to complete upgrades to an existing demonstration plant in Red Deer, as well as file patents, and engineer and build the commercial refinery.

“This money will not only ensure our first plant is built, but it will pave the way for more companies and municipalities who are interested in purchasing our technology at a commercial scale,” said Don Allan, president and CEO of Cielo.

Cielo’s technology converts municipal waste like paper, cardboard, cloth and plastic into diesel fuel. The company has said it wants to set up multiple refineries at the Horn Hill waste transfer station east of Penhold, and also sell refineries.

Under the joint venture agreement, Cielo will receive an initial $1 million, and once it satisfies certain conditions additional funding of up to $10 million for the construction of a commercial-scale refinery. This will be located in Red Deer. The investor will receive an interest in Cielo’s technology, and a percentage of Cielo’s revenues and other consideration. It will also have the right of first refusal to fund up to 100 refineries in Canada, to a maximum of $10 million per refinery.

Cielo previously announced that it has entered into an agreement with New Fuel International Inc. of Seattle, Wash., for New Fuel to market and produce renewable biofuel from industrial biomass waste streams in California, Oregon, Washington, Hawaii, Alaska, British Columbia and Ontario. It also announced an agreement with Emerald Green Energy Pty Ltd. of Perth, Australian, for Emerald to sell Cielo products in Australia.

Just Posted

Blackfalds firefighter battling cancer

A volunteer firefighter in Blackfalds for 15 years, Dave Sutherland now battling… Continue reading

Red Deer transit users are concerned about the future

But recreation centre users are glad facility hours were maintained

Community cardiac awareness dinner and show to be held

Continued focus to bring cardiac catheterization lab to Red Deer

Red Deer businesses react to 2.02 per cent tax increase for 2018

Chamber would prefer zero increase, while DBA thinks it’s reasonable

Bring on the rodeo says Red Deer County mayor

Canadian Finals Rodeo’s move to Red Deer good for whole region, says Red Deer County Mayor Jim Wood

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

RDC chosen to host 2019 men’s volleyball national championship

Sports enthusiasts in Red Deer will have more to look forward to… Continue reading

Police is still looking for Second World War army passport owner

No one has claimed a rare Second World War German army passport… Continue reading

DJ Sabatoge and TR3 Band kick off Sylvan Lake’s Winterfest 2018

Central Alberta’s youngest DJ will open for TR3 Band kicking off Town… Continue reading

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month