Climate-friendly diesel producer Cielo Waste Solutions has signed a memorandum of understanding with Renewable U Lethbridge to build a renewable diesel refinery in Alberta, Canada. The joint venture, which saw Lethbridge pay its fellow company a fee of $227,898, will be the fifth location to utilise Cielo's technology, which is capable of converting three tonnes of rubbish into high-grade renewable fuel in an hour. The deal will see the purchase of 100 km of land to construct the site, while Renewable U Lethbridge will also separately finance Cielo's refineries in Grand Prairie, Medicine Hat and Brooks.
Climate-friendly diesel producer Cielo Waste Solutions has signed a memorandum of understanding with Renewable U Lethbridge to build a renewable diesel refinery in Alberta, Canada. The joint venture, which saw Lethbridge pay its fellow company a fee of $250,000, will be the fifth location to utilise Cielo's technology, which is capable of converting three tonnes of rubbish into high-grade renewable fuel in an hour. The deal will see the purchase of 100 km of land to construct the site, while Renewable U Lethbridge will also separately finance Cielo's refineries in Grand Prairie, Medicine Hat and Brooks.