Cielo announces issuance of U.S. Patent to Licensor for waste to renewable diesel tech

August 2, 2020 |

In Canada, Cielo Waste Solutions Corp. said that the United States Patent and Trademark Office has issued a U. S. Patent to 1888711 Alberta Inc. (“1888”), a private Alberta corporation from whom Cielo holds a worldwide exclusive license to its waste to renewable diesel facility technology.

Some background – On June 15, 2016, Cielo announced that it had signed a World Exclusive License Agreement with 1888 for the further development of the Technology, which was restated and amended on November 1, 2017.  Cielo obtained an exclusive and perpetual licence to commercialize the Technology, intended to be done through the building of facilities for the production of renewable diesel as well as sublicensing the Technology to third parties to build Facilities.

The terms of the Licence Agreement provide for the payment of royalties and commissions to 1888 from the commercialization of the Technology as well as the right of first refusal of Cielo to purchase the Technology, including all intellectual property and patents relating to the Technology.

Certain directors and officers of Cielo are also directors or officers of 1888.

Don Allan, President and CEO of Cielo, stated “Things are very exciting for Cielo right now.  With the commissioning of the plant set to begin shortly, following the completion of the recent upgrades, and now the awarding of the US patent to our exclusive licensor, we believe we are another step closer to showing the world our game changing technology for the waste industry.”

Category: Fuels

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