Cielo's Strategic Shift to Green Hydrogen Production and Legal Challenges Update
Key Ideas
  • Cielo Waste Solutions Corp announces plans to relocate its waste-to-fuel facility to British Columbia, focusing on green hydrogen production to leverage the Low Carbon Fuel Standard credit program.
  • The company is in advanced discussions with a technology provider for a BC project using scrap railway ties as feedstock and has identified two potential projects in the US.
  • Cielo will address legal challenges from Expander Energy Inc. with the assistance of Norton Rose Fulbright Canada LLP following termination notices for agreements on License and Management Services.
  • CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal will discuss strategic initiatives and future outlook in a webinar scheduled for April 17, 2025.
Cielo Waste Solutions Corp (CWSFF) has provided several corporate updates, including plans to relocate its first commercial waste-to-fuel facility from Carseland, Alberta, to British Columbia. This move signifies a shift in focus from renewable diesel to green hydrogen production, aiming to take advantage of the British Columbia Low Carbon Fuel Standard credit program. The company is also engaged in advanced discussions with a technology provider for a British Columbia project that will use scrap railway ties as feedstock. Furthermore, Cielo has identified two additional potential projects in the United States. However, Cielo is currently facing legal challenges with Expander Energy Inc., as termination notices for the License Agreement and Management Services Agreement were issued on April 11, 2025, accompanied by statements of claim. To address these legal matters, Cielo has retained Norton Rose Fulbright Canada LLP as legal counsel. A webinar scheduled for April 17, 2025, will feature CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal discussing strategic initiatives and future outlook.
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