CIELO WASTE SOLUTIONS – ON TRACK WITH THE DEZULPHURISATION PHASE

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 342 MCAD at time of publication
Share price: 0,88 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions updated their shareholders today (29/4) with a very good news update regarding their dezulphurisation equipment.
Management confirms that they are still following their time table despite COVID related lockdowns, this thanks to having built in buffers into their original estimates. Management stated that original plans to start producing low sulphur diesel by mid june remains firm. The engineers working on the facility estimate having the equipment on ground mid-May, which would still have Cielo on the mid-June forecast. This equipment is required to produce low sulphur diesel in order to obtain the best pricing for fuel produced.

ESG Comment: We are very pleased to receive the news that the plan to produce low sulphur diesel remains on time plan, we have confidence in that management has the experience and knowledge to get this done on time. For anyone interested in reading the original statement and view pictures you can do so here. There has been some misconception of the actual time plan by the company since individual investors have done their own timeplans. We want to clarify that the only official timeplan ever provided however is made by the company itself.

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