Cielo Waste Solutions (OTCPK:CWSF.F) Update / Briefing Transcript

Summary of Cielo Waste Solutions Update / Briefing (November 20, 2025) Company Overview - Cielo Waste Solutions is a waste solutions development company focused on converting difficult waste streams into low-carbon, commercially viable fuel [2][3] - The company is technology neutral, selecting proven third-party technologies based on project-specific feedstock economics and regulatory environments [3] Project Nexus Update - Cielo is advancing Project Nexus, which aims to develop a facility in Prince George, British Columbia, leveraging the area's industrial hub advantages, including skilled labor and existing biofuel facilities [4][5] - The company is working with local groups to secure a site for the project, emphasizing the importance of access to rail and utilities for waste processing [5] Feedstock and Production - The feedstock opportunities in the Prince George area are abundant, particularly in wood waste, which aligns with Cielo's focus on sustainable aviation fuel (SAF) production [5][9] - Cielo has a foundational feedstock Memorandum of Understanding (MOU) for Project Nexus, with plans for a long-term supply agreement [12][13][32] - The company aims to produce SAF as its primary output, capitalizing on the economic advantages provided by the British Columbia Low Carbon Fuel Standard (LCFS) [14][11] Regulatory and Financial Support - Both the BC provincial government and the federal government are providing strong support for renewable fuel projects, including the Clean Fuels Fund and the Strategic Innovation Fund's Net Zero Accelerator Program [8][9] - Cielo plans to apply for a Clean Fuels Fund grant, expecting to hear back by the end of the year [15][36] - The LCFS framework allows Cielo to potentially fund up to half of the project through carbon credit minting, significantly de-risking the investment [25][39] Market Demand and Competition - There is a significant supply shortage for SAF in British Columbia, with existing contracts in place but not meeting the mandated demand [10][40] - Cielo is not aware of any other SAF production facilities in British Columbia, positioning itself uniquely in the market [40] Future Plans and Milestones - The company is currently in the pre-FEED (Front-End Engineering Design) phase, with expectations to complete this process in the coming months [30][41] - Cielo aims to secure feedstock supply agreements and finalize project financing as it progresses through the pre-FEED stage [41][25] Additional Insights - Cielo is focused on building a business rather than developing technology, which allows for a more straightforward project execution [14] - The company is exploring various outputs, including renewable diesel and biomethanol, but will primarily focus on SAF for the time being [20][22] - The project is expected to have a significant impact on decarbonizing the aviation fuel industry in Canada [9][14] This summary captures the key points from the Cielo Waste Solutions update, highlighting the company's strategic direction, project developments, regulatory support, and market positioning.