Cielo Waste Solutions (TSE:CMC) has released an update.
Cielo Waste Solutions Corp. has announced a strategic acquisition of the Carseland Enhanced Gas to Liquids (EGTL™) facility for $125 million, aiming to boost commercial production with projected annual revenues of $18 million and potential increase to $100 million by 2027. The deal includes forming a limited partnership to manage the facility, which will process wood waste, and the termination of all existing agreements with Renewable U Energy Inc. This consolidation is expected to enhance operational margins and reduce capital expenses.
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