Cielo Waste Solutions (CSE:CMC) is delivering on its promise to build its first commercial-grade renewable diesel refinery. Construction is well underway at its High River facility – proving that its proprietary technology will be able to convert multiple different waste feed-stocks, including landfill waste, into high-grade, renewable diesel has moved the company from demonstration to commercial stage.
Vancouver-based Cielo has extended its private placement offering of units, to accommodate additional subscribers. The private placement has so far raised $2,283,236 for moving its development forward. A private lender has also signed a Term Sheet with Cielo extending the Company a $3.5 million line of credit. Currently, Cielo and the company are working thru the paperwork to get the credit facility finalized. The 356-litre-an hour continuous flow refinery that Cielo is currently building is a retrofit of a 50-litre-an-hour batch process demonstration plant, which the company and its license provider have been using as a test facility.
