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Cielo Awards Contractors For Bio-Diesel Refinery Construction

Tuesday, 22 November 2016 09:30 AM

Cielo Waste Solutions Corp.

VANCOUVER, BC / ACCESSWIRE / November 22, 2016 / Cielo Waste Solutions Corp. ("Cielo" or the "Company") (CSE:CMC) is pleased to announce that it has awarded the construction contracts for the retrofitting and completion of its planned purchase of a property (the "Property") housing a renewable diesel refinery (the "Refinery"), previously announced on November 16, 2016 located near High River, Alberta.

The Refinery was a multi-feedstock processing plant, which was built in 2009 for an approximate capex cost of $10.2 million and was capable of producing 16 million liters/year of bio-diesel. It is Cielo's intent to retrofit the Refinery with its own proprietary technology (the "Technology") to create a new refinery (the "Cielo Refinery"), resulting in the production of high quality renewable diesel from municipal solid waste and wood shavings. Construction is expected to begin early in 2017. The companies who have been awarded the construction contracts (the "Construction Companies") have agreed to assist Cielo in financing the construction of the Cielo Refinery by deferring profits until the Cielo Refinery is operational and earning revenues. This joint support was key to building a strong and prosperous relationship as Cielo moves towards commercialization in High River and in future locations, such as the secured site in Edmonton.

Cielo has awarded the fabrication work to Advanced Metal & Lyncorp Manufacturing Ltd, who are located approximately 5km north of the Refinery. This new manufacturing company has 73,000 sq. ft. of state of the art equipment and is capable of fabricating all of Cielo's equipment needs. Cielo has awarded the electrical and instrumentation work to Electech Contracting Ltd., which is a full service electrical and instrumentation technology integrator located in Calgary, Alberta. Cielo has awarded the millwright work to Kwik-Fab Energy Services from Sundre, Alberta. Kwik-Fab has been working closely with Cielo on maintenance work with its demonstration plant in Red Deer, Alberta and has gained Cielo's full confidence in their professionalism and capabilities.

Don Allan, President and CEO of Cielo, stated "After many years of research and development, Cielo is now ready to implement Canada's first waste to renewable diesel technology in a commercial environment. We have spent months short listing possible contractors and believe we have awarded the contracts to experienced and professional tradesmen. We have now begun working on permitting as well as bringing these contractors together with our engineering team to begin laying out time lines and the phases of work to be accomplished. Cielo will oversee all phases of the build and will continue to update the public on its progress."

Mark Haldane, VP of Operations with Kwik–Fab Energy Services, stated "It's been a great experience to work on the demo plant with Cielo and Don. In addition to the opportunity to bring diversity into a new industry – it's been particularly exciting to witness and be a part of this new technology. I believe it's an excellent opportunity for us and everyone involved."

Aric Ferguson, President and CEO of ElecTech Contracting Ltd., stated "We are extremely excited to be part of such a revolutionary technology. As a forward thinking and progressive professional electrical contractor, this project fit right into our expertise base. We look forward to continuing our business relationship with Cielo, and our contribution on this project."

Jason Parks, CEO of Advanced Metal & Lyncorp Manufacturing, stated "We are very proud to be awarded the fabrication contract for Cielo Waste Solutions Corp and we are excited to be a part of a great future success story!"

For more information, the Agreement will be available on www.SEDAR.com.

About Cielo Waste Solutions Corp.:

Cielo specializes in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill reduction through responsible diversion practices. By incorporating the latest material recovery technologies, Cielo is able to achieve significant diversion from landfills while creating a feedstock specifically for renewable diesel. Cielo provides solutions for responsible waste management while also providing value added opportunities.

For more information on the Company, please contact:

Don Allan, President, at (403) 348-2972 ext 222, or visit the Company's website at www.cielows.com
Further information regarding the Company can be found on SEDAR at www.SEDAR.com or by visiting our profile on www.CSE.ca.

On Behalf of the Board of Directors
"Don Allan"
Chief Executive Officer
Tel: 403.348-2972 Ext. 222
Email: [email protected]

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

SOURCE: Cielo Waste Solutions Corp.

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