Cielo Waste Solutions Shifts Focus to Green Hydrogen and Updates Corporate Operations
Key Ideas
  • Cielo Waste Solutions is relocating its waste-to-fuel facility from Alberta to British Columbia to produce Green Hydrogen from scrap railway ties, aligning with the Low Carbon Fuel Standard credit program.
  • The cancellation of acquiring Rocky Mountain Clean Fuels' EGTL facility in Alberta reflects the company's adaptation to market uncertainties and regulatory challenges.
  • Cielo's pursuit of resolving disputes with Expander Energy shows a commitment to protecting its licensing agreements for EBTL™ and BGTL™ technologies.
  • Corporate updates include the resignation of James H. Ross from the Board of Directors and the postponement of the Annual General Meeting to June 2025, with a corporate webinar scheduled for April 10th, 2025.
Cielo Waste Solutions has announced significant strategic changes in its operations, with plans to relocate its first commercial waste-to-fuel facility from Alberta to British Columbia. This shift involves moving the production focus from Renewable Diesel to Green Hydrogen, utilizing scrap railway ties as feedstock. The company aims to leverage the British Columbia Low Carbon Fuel Standard credit program through this transition. Additionally, Cielo has decided to cancel its acquisition of Rocky Mountain Clean Fuels' EGTL facility in Alberta due to market uncertainties and regulatory challenges. Moreover, Cielo is entering a dispute resolution process with Expander Energy concerning their licensing agreement for EBTL™ and BGTL™ technologies following notices of breach. Other corporate updates include the resignation of James H. Ross from the Board of Directors and the postponement of the Annual General Meeting to June 2025. A corporate update webinar is set for April 10th, 2025, indicating transparency and communication with stakeholders about the company's revised strategies and challenges.
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