Cielo Waste Solutions Corp. announced that it has ordered a Biomass Gasifier (the ?Gasifier?), a key piece of equipment required to continue driving its Carseland, Alberta project (the ?Carseland Project?) towards commercialization, and has submitted an environmental permit application to Alberta Environment and Protected Areas (AEPA) for the project?s construction. The Carseland Project is Cielo?s first commercial by-product-to-fuels facility designed to convert wood by-products into low carbon intensity renewable Bio-SynDiesel fuel (?Bio-SynDiesel?) and Sustainable Aviation Fuel Bio-SynJet (?Bio-SynJet?), which is targeting first commercial production in 2026.

Once complete, the Carseland Project is projected to produce eight million liters per year of Bio-SynDiesel and Bio-SynJet, exemplifying Cielo?s commitment to changing the fuel, not the vehicle, and creating sustainable fuel that does not rely on food competitive inputs. Cielo has submitted a full and comprehensive environmental permit application to Alberta Environment and Protected Areas (AEPA) for approval to construct the Carseland Project under the Environmental Protection and Enhancement Act (EPEA). Cielo is well positioned to leverage its early mover advantage in tandem with the Company?s prime location, existing infrastructure and the team?s proven operational capabilities.

Engineering and procurement activities will continue in parallel with the environmental review process so that Cielo is ready to break ground upon receiving regulatory approval, while working towards a final investment decision in third quarter of 2024.