Cielo Waste Solutions signs LOI to expand into Alberta

In Canada, Cielo Waste Solutions Corp. has entered into a binding letter of intent to effect a transaction that will position Cielo for commercial production and revenue generation upon closing, expected on or before September 6, 2024, subject to the approval of the TSX Venture Exchange as required. Cielo intends to form the Cielo LP, which will determine and control the structure, ownership and management of a concurrently formed general partner in order to effect the building of a gasifier and expanded operations adjacent to the acquired EGTL facility in Carseland, Alberta by the Cielo LP, described more fully below.

The EGTL Facility to be acquired through the Transaction is an existing synthetic fuel facility at Carseland, Alberta, owned and operated by Rocky Mountain Clean Fuels Inc., which deploys patented Enhanced Gas-To-Liquids technology  designed to make synthetic diesel and jet fuel from natural gas and natural gas liquids, which was developed by Expander Energy Inc. (“Expander”). Cielo holds an exclusive license in Canada from Expander for a patented Enhanced Biomass to Liquids technology and related intellectual property.

With the view to enhancing the process deployed at the EGTL Facility, and diversifying the inputs used to process synthetic diesel and jet fuel, Cielo intends to build a gasifier on the land adjacent to the EGTL Facility that will support deployment of the EBTL Technology. This will result in a fully operational facility capable of producing Bio-Syngas from biomass inputs. Bio-Syngas represents an enhancement to natural gas and natural gas liquids used in the process, resulting in a facility that can process Bio-Syngas into Bio-SynJet® and Bio-SynDiesel® with Bio-Synfuels having a near net-zero carbon intensity.