Cielo achieves milestone with first sale of renewable diesel

In Canada, Cielo Waste Solutions Corp. announced that, prior to adding the desulphurization unit, on which Cielo is currently working, the Company has achieved an important milestone by selling the first 5,000 liters of high grade renewable diesel to its first customer at $1.00 per litre. This sale confirms that, even before desulphurization occurs, there is a potential market for Cielo’s renewable fuels, which are being produced by converting wood waste into a saleable renewable diesel product using Cielo’s proprietary process.

Once the desulphurization equipment is installed, Cielo anticipates being able to sell the Company’s high-grade renewable fuel for much higher prices per liter into the mandated renewable fuel market in Canada. Cielo’s first client is a servicing company that will be utilizing the renewable diesel as “off highway diesel” (i.e. for use in generators, gravel crushers, etc.) Cielo has been advised by the customer that the initial purchase is for a small batch to test on the customer’s equipment, after which it intends to purchase significantly higher volumes in the future if the diesel performs as expected.