Business
Cielo Appoints Lionel Robins to Board of Directors and Announces New OTCQB Trading Symbol: CWSFF
VANCOUVER, BC / ACCESSWIRE / December 17, 2019 / Cielo Waste Solutions Corp. (CSE:CMC - OTCQ...
About this update from Cielo Waste Solutions Corp.
[{"type":"text","content":"Cielo Appoints Lionel Robins to Board of Directors and Announces New OTCQB Trading Symbol: CWSFFVANCOUVER, BC / ACCESSWIRE / December 17, 2019 / Cielo Waste Solutions Corp. (CSE:CMC - OTCQB:CWSFF) (\"Cielo\" or the \"Company\") is pleased to announce the appointment of Lionel Robins to the Board of Directors of Cielo.Mr. Robins is a serial entrepreneur residing in Grande Prairie, Alberta. Mr. Robins is actively involved in the local community and is the principal of a number of local businesses, including a trucking company, five car-dealerships and a real-estate company that collectively employs approximately 200 individuals. Mr. Robins currently sits on the Board of Directors of STARS Air Ambulance and is the Chairman of their Foundation Committee, tasked with heading up an aggressive $110 million CAD capital fundraising project to replace their entire helicopter fleet across Alberta, Saskatchewan and Manitoba. Mr. Robins also served as Chair of the 2018 Alberta Summer Games after leading a successful bid to host the 2018 Games in Grande Prairie, Alberta.Mr. Robins is also a co-founder and the CEO of Renewable U Energy Inc., which has entered into four memorandums of understanding with Cielo, directly or through its subsidiaries, (\"Renewable U Companies\") to build green joint venture renewable diesel fuel refineries (\"JV Refineries\") in Grande Prairie, Brooks, Medicine Hat and Lethbridge, Alberta (\"Joint Ventures\"). The Renewable U Companies have advanced $1 million CAD to date to Cielo and have agreed to pay 100% of the costs, as well as a 7% management fee to Cielo to build the first JV Refinery in each territory at an estimated cost of approximately $50 million CAD per refinery (increased from the previously anticipated cost of $20 million CAD per JV Refinery as a result of the revised plans to increase the scale and output to 4,000 liters per hour). Each JV Refinery is expected to employ approximately 50 people during the construction and commissioning stages and will be engineered to produce about 32 million litres a year of renewable fuels.Mr. Robins commented, \"I am honored to be invited to join Cielo's Board of Directors and look forward to assisting Cielo in deploying its proprietary technology first in Alberta and then worldwide.\"Don Allan, Cielo's President and CEO, stated, \"Cielo's management and board wel...