Cielo Announces Relocation of First Planned Facility to British Columbia and Provides Update on Proposed Asset Acquisition and Corporate Matters

About this update from Cielo Waste Solutions Corp.

[{"type":"text","content":"Cielo Announces Relocation of First Planned Facility to British Columbia and Provides Update on Proposed Asset Acquisition and Corporate Matters\n\n\n\n CALGARY, Alberta, April 01, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (\n \n “Cielo”\n \n or the\n \n “Company”\n \n ) provides an update on certain business and corporate matters.\n \n\n\n First Planned Waste to Fuels Facility – Scrap\n \n\n Railway Ties to Green Hydrogen\n \n\n\n In light of changes in market conditions, the Company announces its intention to relocate its first planned commercial waste to fuel facility for the processing of scrap railway ties from Carseland, Alberta to British Columbia, and a transition in fuel to be produced from Renewable Diesel to Green Hydrogen. This shift remains aligned with the Company’s commitment to commercialize renewable energy initiatives.\n \n\n This strategic pivot allows Cielo to explore funding opportunities through the British Columbia Low Carbon Fuel Standard (BCLCFS) credit program, which offers financial incentives for reducing carbon emissions.\n \n\n Cielo is engaged in advanced discussions with a technology provider on a project in British Columbia that will utilize scrap railway ties as feedstock to produce Green Hydrogen for use in the British Columbia market.\n \n\n \"As Cielo completes a shift in our strategy, we also continue to be flexible in our project execution. We are willing and prepared to pivot as the political and technological landscapes change. In addition, as the demand for renewable fuels changes, Cielo understands the need to revise our approach to meet market demand,” said Ryan C. Jackson, CEO of Cielo. \"This decision was not made in haste. We believe it is an important step forward in ensuring our resources are dedicated to projects that have the highest potential for success in the short term and sustainable growth in the long term.\"\n \n\n\n Rocky Mountain Clean Fuels Acquisition Update\n \n\n\n In light of the foregoing changes, the Company also announces that it will not proceed with the previously announced proposed acquisition (the “\n \n Proposed Acquisition\n \n ”) by Cielo of an Enhanced Gas to Liquids (“\n \n EGTL\n \n\n\n TM\n \n\n ”) facility located in Carseland, Alberta (...

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