Canada's Cielo spots location for future waste-to-fuel facility
Canada’s Cielo Waste Solutions Corp (CNSX:CMC) informed on Tuesday that its joint-venture (JV) partner had found a suitable location for their facility that will be designed to convert waste into renewable fuels.
The JV partner, Renewable U Medicine Hat Inc, has secured an agreement in principle to purchase 80 acres (32.4 hectares) of land in Cypress County in Canada’s Alberta province. The land is situated within the 50-kilometre (31.1 miles) radius of the town of Medicine Hat, specifically around 3 kilometres of the town, just as the partners wanted.
Renewable U Medicine Hat has also informed Cielo that is has funding in place to close the purchase and sale agreement, subject to numerous conditions, before or on July 1, 2020, the waste-to-fuel company said.
The planned facility will be engineered to grind multiple waste feedstocks and convert them into renewable fuels that can be blended into conventional highway transportation, marine and aviation fuels.
Initial production output is seen at 32.7 million litres of renewable fuels per year on 65,000 tonnes/year of feedstock. The partners contemplate to keep the facility running for 341 days a year.
Cielo expects the construction phase to employ around 50 to 70 people. Once the production starts, the facility will provide some 25 full-time jobs, the company said.
Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.