u/CryptoDev1

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Read this article:

“READ THE LAST PARAGRAPH”

I believe this is the first time we’ve seen confirmation on the majority owned partnership. Unless I missed a press release stating otherwise?

We're proud to recognize Cielo Waste Solutions as our Platinum Sponsor for our 1st Annual Tano T'enneh Charity Golf Event, taking place on August 20th at the Prince George Golf and Curling Club.

Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF)

is a Calgary based clean fuels project development company focused on turning waste wood fibre into sustainable aviation fuel. Rather than developing its own technology, Cielo sources proven, commercially proven systems and brings them together into projects that can be built and financed.

Cielo is proud to partner with Tano T'enneh Enterprises on Project Nahoonai, a majority Indigenous owned sustainable aviation fuel facility proposed for the Prince George region. The project is designed to use residual wood fibre, including reclaimed railway ties, and to include integrated carbon capture and storage, resulting in one of the lowest carbon intensity aviation fuels in the world.

Ryan Jackson’s decision to bring Rob Pockar on as Chief Operating Officer and Matt Scorah as Chief Development Officer appears to be about one thing above all else: Execution

Here’s My Take:

Matt’s role is focused on advancing projects—engineering, commercial development, partnerships, project economics and ultimately moving Project Nahoonai toward becoming financeable and buildable.

Rob’s responsibility is increasingly about turning those plans into operational reality through engineering coordination, regulatory execution, construction readiness and eventually operations. Together, their positions create a bridge between developing the project and delivering the project.

But perhaps the more interesting question for shareholders is:

Why are they here? Rob and Matt are experienced professionals who had established careers and other opportunities available to them. Joining a pre-revenue public company attempting to develop a major clean-energy infrastructure project is not without professional or financial risk.

Their decision to become deeply involved with Cielo does not guarantee Project Nahoonai will succeed, but it raises an important question:

What did they see in Cielo, the project and its potential that convinced them this opportunity was worth committing themselves to? I believe shareholders deserve an opportunity to hear that answer directly from them.

Ultimately, technology alone won’t build Project Nahoonai. Someone has to bring together feedstock, engineering, SAF production, carbon capture, Indigenous participation, government support, financing, commercial agreements, construction and operations into one economically viable project.

Ryan appears to be assembling a leadership structure specifically designed to accomplish that. Financing and project development remain major hurdles and the market still needs proof, but Cielo increasingly appears to be building the organizational capability required to execute.

Perhaps the most important question today isn’t simply “What is Cielo trying to build?” It’s “Why have accomplished people like Rob Pockar and Matt Scorah chosen to be the ones helping build it?”

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Weekly .07 To $7 Post:

Ticker: CMC.V TSXV
Ticker: CWSFF.QB OTC

In my opinion, this shows just how much things have changed over the last 12 months regarding insider ownership. This is extremely bullish when it comes to the insiders belief in Cielo.
Cielo Insider Ownership Breakdown:

The latest SEDI activity. Cielo’s latest public disclosures, the 2025 management circular, and the July 2026 executive filings, the best-supported estimate is that current insiders and insider-controlled entities account for roughly 43.9 million of Cielo’s 210.78 million outstanding shares, or approximately 20.84% of the company.

Common shares currently attributable to insiders
Insider or controlled entity
Common shares
Approx. ownership
Kaush Rakhit — direct
8,333,333
3.95%
CDL Biofuels — controlled indirectly by Kaush
17,333,333
8.22%
Ryan Jackson
8,154,578
3.87%
Rob Pockar
6,666,667
3.16%
Matt Scorah
1,666,667
0.79%
Sheila Leggett
745,467
0.35%
Larry Schafran
3,333
negligible
Peter MacKay
Nil
0%
Jasdeep Dhaliwal — estimated latest reported balance
approximately 1,030,000
approximately 0.49%

Estimated total
approximately 43,933,378
approximately 20.84%

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Ticker: CMC.V TSXV
Ticker: CWSFF.QB OTC

Ask Yourself This: Has the risk changed, or has the opportunity?

This is my opinion, not financial advice, but I believe Cielo is in a fundamentally different position today than it was a year ago.

*I want your feedback. Please comment, your opinion matters to our Sub Reddit channel.

I spent some time digging through split-adjusted historical pricing and the reverse split history. Here’s what I found.

THE REAL NUMBERS:

Highest Share Price (TSXV: CMC)
The highest split-adjusted closing price for Cielo Waste Solutions on the TSX Venture Exchange was approximately:

C$23.40 per share
Date: July 13, 2021
That figure is already adjusted for the company’s 15-for-1 reverse split completed on January 29, 2024, meaning it is directly comparable to today’s share price.

What Was the Price Before the Reverse Split?

Because the reverse split consolidated 15 old shares into 1 new share, the equivalent pre-split trading price at the peak was approximately:

C$23.40 ÷ 15 = C$1.56 per pre-split share
So:
Pre-split high: ~C$1.56
Current split-adjusted equivalent: ~C$23.40

Why This Matters
This is important because many investors unintentionally compare today’s post-split price with pre-split prices, which isn’t an apples-to-apples comparison.

Using the current capital structure, the highest verified historical value is roughly:

≈ C$23.40/share (split-adjusted)
That is the proper historical benchmark when discussing Cielo today.

Interesting Perspective

If Cielo were to eventually revisit its previous split-adjusted high of approximately C$23.40, the upside from around C$0.07–0.08 would be extraordinary:

From $0.07 → $23.40 ≈ 334×
From $0.08 → $23.40 ≈ 293×

Those are purely mathematical comparisons to a historical price level—they are not predictions of future performance.

I can also build a professional infographic titled:

“Cielo’s Historic High — What Does It Mean Today?”

It could show:
Historical timeline
July 13, 2021 peak (C$23.40 split-adjusted)

January 2024 reverse split (15:1)

Current share structure (~210 million shares)

Comparison of then vs. today
A chart showing what different future share prices would represent relative to the historical high.

This is a strong educational post for the Cielo Shareholders Community.

In my opinion. The company has strengthened its leadership team with experienced infrastructure and project-development executives, continues advancing Project Nahoonai, has established an Indigenous partnership with Tano T’enneh Enterprises, is pursuing carbon capture alongside sustainable aviation fuel, and still carries approximately $87.1 million in tax-loss carry-forwards.

That could become a meaningful financial asset if the company reaches sustained profitability. None of these developments guarantee success, but together they paint a much different picture than many investors were looking at just twelve months ago.

For long-term shareholders who have seen their average cost remain well above today’s share price, it’s worth asking an honest question: Has the risk changed, or has the opportunity? Averaging down isn’t the right decision for everyone, and every investor’s financial situation is different. However, if you still believe in the long-term thesis, have conviction in the management team’s ability to execute, and understand the risks involved, today’s valuation may deserve a closer look than it did in the past.

Again, this is simply my opinion, and everyone should do their own due diligence before making any investment decision. I’m interested in hearing where the community stands today.

If you were starting fresh with no existing position, would you consider buying Cielo at today’s price? If you’re already a shareholder, do you think now is the right time to average down—or are you waiting for another milestone before adding?

Let’s have a respectful discussion.

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Ticker: CMC.V TSXV
Ticker: CWSFF.QB OTC

I believe this was one of the most important press releases Cielo has issued this year—not because it announced a new project, but because it strengthened the company’s ability to execute.

With the formal appointments of Rob Pockar as COO and Matt Scorah as CDO, alongside Ryan Jackson and Kaush Rakhit, Cielo now has leadership spanning operations, project development, governance, strategy, and infrastructure execution. That looks much more like the management team of an infrastructure developer than a speculative technology company.

Execution is what matters from this point forward. Developing a commercial-scale SAF facility requires far more than good technology—it requires experienced leadership in engineering, permitting, financing, commercial agreements, regulatory approvals, construction, and operations.

Cielo also holds approximately $87.1 million in tax-loss carryforwards, a strategic financial asset that could help preserve future cash flow if the company reaches sustained profitability.

There is still significant work ahead, including financing, engineering, regulatory approvals, construction, and successful operations. None of that is guaranteed. However, compared with a year ago, Cielo appears to be in a much stronger position to execute on Project Nahoonai.

For me, this announcement wasn’t simply about new executives—it was another step in Cielo’s evolution from a technology story to a clean-energy infrastructure company.

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Ticker: CMC.V ~ TSXV
Ticker: CWSFF.QB ~ OTC

I’ve had a few direct messages regarding the subject, so I thought I would explain it from a regulatory standpoint. All links included below regarding carbon credits.

A carbon credit represents one verified metric tonne of greenhouse gas emissions that has either been reduced, avoided, or removed from the atmosphere. In Canada, these credits are part of the country’s broader strategy to reduce emissions and encourage investment in cleaner technologies. Carbon credits are created through approved projects that must meet strict federal or provincial standards and undergo independent verification before they can be issued.

Carbon credits become mandatory for companies that fall under Canada’s industrial carbon pricing systems or the federal Clean Fuel Regulations. Large industrial facilities and fuel suppliers that exceed their permitted emissions or carbon intensity targets must either reduce their emissions or purchase eligible compliance credits to meet their legal obligations. The objective is to encourage innovation while reducing Canada’s overall greenhouse gas emissions.

For companies like Cielo, carbon credits could represent a future opportunity if Project Nahoonai successfully produces qualifying low-carbon fuels or verified carbon reductions. However, credits are not automatic. Any future benefit would depend on regulatory approval, project certification, lifecycle emissions performance, and successful commercial operations. In other words, carbon credits should be viewed as a potential additional revenue stream—not guaranteed income. As with every aspect of Project Nahoonai, execution remains the key.

References

Government of Canada – Federal Greenhouse Gas Offset System
https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how-it-will-work/output-based-pricing-system/federal-greenhouse-gas-offset-system.html

Government of Canada – Output-Based Pricing System (OBPS)
https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how-it-will-work/output-based-pricing-system.html

Government of Canada – Clean Fuel Regulations
https://www.canada.ca/en/environment-climate-change/services/managing-pollution/energy-production/fuel-regulations/clean-fuel-regulations/about.html

Government of Canada – Greenhouse Gas Pollution Pricing Act (Overview)
https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how-it-will-work.html

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Credit to u/oilcan2012 for tracking this article down today.

https://www.airbus.com/en/newsroom/press-releases/2026-07-air-canada-and-airbus-launch-joint-initiative-to-scale-domestic-canadian-saf-and-help-reduce-the?utm_source=The+Logic+Master+List&utm_campaign=722589b25e-The_Logic_Briefing_2026-07-20-v1&utm_medium=email&utm_term=0_-7b7079147b-383565007

Air Canada and Airbus Invest in Canada’s SAF Future

The announcement from Air Canada and Airbus is significant because it moves the conversation beyond simply talking about Sustainable Aviation Fuel and toward actively supporting its commercialization.

Together, the two companies intend to establish a jointly funded Sustainability Co-Investment Platform with up to C$13.7 million to help advance commercial-scale SAF production in Canada. The initiative is also intended to encourage additional corporate participation and help Canadian SAF projects progress toward Final Investment Decision.

Cielo is not mentioned in the announcement, but the broader implications are noteworthy.

Cielo’s publicly stated strategy for Project Nahoonai is centered on producing Sustainable Aviation Fuel from woody biomass and forestry residue in Prince George, British Columbia. As Canada continues building a domestic SAF supply chain, initiatives such as the Air Canada–Airbus platform could strengthen the overall ecosystem by increasing industry collaboration, attracting capital, supporting favourable policy development, and creating additional demand for Canadian-produced SAF.

That could create a more supportive environment for projects capable of reaching commercial production.
Perhaps the most important takeaway is the direction of travel.

Air Canada and Airbus are signalling that they believe Canada’s SAF industry deserves long-term investment. A related economic study suggests that supplying 40% of Canada’s aviation fuel demand with SAF by 2040 could contribute approximately $32 billion to GDP and support roughly 140,000 jobs.

Whether Cielo ultimately benefits will depend on its ability to execute, secure financing, complete development milestones, and become a bankable producer.

However, announcements like this demonstrate that Canada’s aviation industry continues moving toward the development of a domestic SAF ecosystem—the very market Cielo has said it intends to serve.

The opportunity is becoming clearer. Execution remains the key.

Ticker: CMC.V ~TSXV
Ticker: CWSFF.QB ~ OTC

As shareholders, it’s important to remember that the value of Project Nahoonai extends far beyond building another industrial facility.

The vision is to transform low-value biomass—such as forestry residuals, waste wood, end-of-life wood products, and potentially railway ties—into higher-value sustainable products like Sustainable Aviation Fuel (SAF).

If executed successfully, this positions Cielo within one of the fastest-growing global energy transition markets, where governments, airlines, and industries are all seeking lower-carbon fuel solutions.

The significance of Project Nahoonai is that it aligns with several long-term trends occurring at the same time. Canada has abundant biomass resources, a growing policy focus on decarbonization, increasing demand for SAF, expanding carbon capture opportunities, and stronger Indigenous partnerships in major infrastructure projects.

Prince George, British Columbia, sits in the middle of one of Canada’s richest forestry regions, making it a strategically attractive location for sourcing woody biomass feedstocks.

The image also highlights an important mindset shift. Biomass should not simply be viewed as waste—it is a carbon resource. Materials that once had little economic value can become feedstocks for producing cleaner fuels while supporting forestry, reducing landfill waste, creating local employment, and strengthening rural economies. That circular-economy approach is increasingly becoming part of Canada’s long-term industrial strategy.

For shareholders, however, the opportunity still depends on execution. None of these advantages create value on their own. The facility must secure financing, complete engineering, obtain the necessary permits, construct the plant, commission operations, and ultimately produce commercial volumes of SAF and other renewable products. Every milestone completed reduces project risk and moves the company closer to becoming a revenue-generating infrastructure business.

If management executes successfully on Project Nahoonai, shareholders are no longer simply investing in a concept—they could be participating in the development of an asset designed to create long-term economic value while contributing to Canada’s transition toward a lower-carbon future.

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Ticker: CMC.V TSXV Exchange
Ticker: CWSFF.QB OTC Exchange

This post is for educational purposes only and is based on Cielo’s publicly filed audited financial statements. It is not investment advice.

Cielo’s $87.1 Million Tax-Loss Carryforwards: What Does It Mean?

One of the more interesting items in Cielo’s latest audited financial statements is the company’s

The key figures
As of April 30, 2026, Cielo reported:

$87.1 million in tax-loss carryforwards.
Here’s the breakdown:

$82.4 million in non-capital tax losses

$4.7 million in capital tax losses

Total: $87.1 million

These losses are not cash and they don’t fund Project Nahoonai. They also don’t eliminate the need for financing, strategic partnerships, grants, or successful execution.
What they can do is reduce future corporate income taxes if Cielo becomes profitable.

Using the 23% corporate tax rate referenced in Cielo’s financial statements:
$82.4 million × 23% = approximately $19 million in potential future tax savings.

For example, if Cielo eventually earned $10 million in taxable income, it could potentially apply eligible tax losses to reduce or eliminate taxes on that income, subject to Canadian tax rules and the availability of the losses.

The key takeaway is simple:

These tax losses don’t create value today—they have the potential to preserve value tomorrow.

Like many things with Cielo, execution is the key. If Project Nahoonai reaches successful commercial operations, these tax-loss carryforwards could become a meaningful financial advantage by allowing more cash to remain within the business during its early profitable years.

Hidden assets create opportunity. Execution unlocks their value.

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Ticker: CMC.V Exchange: TSXV
Ticker: CWSFF.QB Exchange OTC

One of the biggest misconceptions about major industrial projects is that they happen overnight.

In reality, projects like Project Nahoonai move through a series of important milestones: engineering, Indigenous partnerships, environmental work, feedstock agreements, financing, government support, strategic partnerships, construction, commissioning, and finally commercial operations.

As shareholders, it’s easy to focus on the daily share price. But long-term value is ultimately created through execution.

That’s the purpose of this community.

We’ll continue following Project Nahoonai objectively, tracking each milestone as it unfolds, recognizing meaningful progress when it’s earned, and holding management accountable to the commitments they make.

Infrastructure isn’t built on promises.

It’s built on execution.

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

We’ve updated the banner across both our X account and Reddit community to better reflect what this community is about and where we’re headed.

Our goal isn’t to create hype—it’s to create trust. With more than 15,000 shareholders following Cielo’s journey, we believe there’s value in having a professional, independent community focused on facts, education, and respectful discussion. Whether the news is positive, challenging, or somewhere in between, we’ll strive to present publicly available information in a balanced and easy-to-understand way.

As Cielo advances Project Nahoonai in Prince George, B.C., we’ll continue tracking project development, SAF, CCS, Indigenous partnerships, financing pathways, infrastructure milestones, and corporate execution. We don’t represent the company, and we don’t offer investment advice. We simply believe shareholders deserve a place where information comes before speculation, and understanding comes before opinion.

Thank you to everyone who has supported this community. We’re just getting started, and we hope to build the internet’s most trusted independent resource for Cielo shareholders—one fact, one discussion, and one milestone at a time.

My weekly .07 to $7 post:

Cielo Waste Solutions
Ticker: CMC.V Exchange: TSXV
Ticker: CWSFF.QB Exchange OTC

*Share Cielo’s Story. Add to your watchlist

It’s time for people to share these Cielo Reddit posts - not for the sole purpose of someone investing in Cielo, but to share the evolving story that’s unfolding right before our eyes.

I strongly encourage all Cielo shareholders to share this across all social media platforms moving forward.

X, Stocktwits, Stockhouse, Yahoo Finance, Discord, LinkedIn, Facebook, YouTube, WhatsApp, WeChat, etc…

Moving forward, you will see that I have included the original missing puzzle pieces. The six essential pieces will be featured in every “$0.07 to $7” weekly post going forward.

I’ve also made a conscious decision to shorten the explanations to the infographics moving forward.

That way I’m not taking up your whole day reading my jargon…:)

This infographic highlights a simple but important reality: financeability isn’t one event—it’s the result of many pieces coming together. Leadership, technology, feedstock, Indigenous partnerships, government support, and execution all work together to reduce risk and build confidence.

The puzzle illustrates this perfectly. Every completed piece strengthens the project, making it more attractive to lenders, investors, and strategic partners. No single milestone creates a financeable project on its own.

The biggest takeaway is this: progress isn’t measured by announcements—it’s measured one completed piece at a time. That’s how credibility is built, risk is reduced, and long-term value is created.

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

Here’s the article:

https://sustainablebiz.ca/cielo-to-move-biofuels-site-from-alberta-to-bc

The infographic captures what may be one of the largest industrial buildouts in modern history.

*Each red dot on the graphic represents current SAF facilities reside. Every dot in green is potential SAF facilities. (6970)

I had my intelligence assistant do some number crunching on what an average SAF facility costs for the CAP-X. Est- 3.5 To 7 Trillion USD

Here is the breakdown.After careful review, here with some real world results.

The cost depends on:

Production pathway (HEFA, Alcohol-to-Jet, Fischer-Tropsch, Power-to-Liquid)
Feedstock type
Capacity
Whether it includes carbon capture
Whether it is greenfield or retrofit
Storage and logistics requirements
Local infrastructure

For a project most similar to what Cielo is discussing (waste biomass → gasification → syngas → SAF + CCUS), the costs are typically much higher than simple HEFA facilities.

Real-World Examples

Example 1

A forest-residue SAF biorefinery study estimated:

Total Capital Investment: ~$422 million USD for a facility processing forestry residue into SAF.

Example 2

Ecopetrol’s announced SAF facility:

Estimated investment: $500–700 million USD.

Example 3

Large commercial SAF projects being announced globally often fall in the:

$300 million–$1+ billion USD range depending on scale and technology.

Conservative Estimate

Let’s use:

$500 million USD per facility

6970 facilities × $500 million

= $3.485 trillion USD
Moderate Estimate

Let’s use:

$750 million USD per facility

6970 × $750 million

= $5.23 trillion USD

Large Integrated Facility Estimate

Let’s use:

$1 billion USD per facility

6970 × $1 billion

= $6.97 trillion USD

Now Let’s Look At Cielo’s World

What Matt Scorah discussed at ICAO was not merely a fuel plant.

He discussed:

Waste biomass
Gasification
Syngas
SAF
Carbon capture
Permanent geological storage
Indigenous partnership
Rail logistics
Industrial infrastructure

That begins to resemble a clean-energy infrastructure platform, not simply a fuel refinery.

Projects with multiple integrated components can easily move toward the upper end of the capital spectrum.

What Is The Bigger Realization?

The infographic you created may actually point to the more important insight:

The opportunity is not necessarily:

“How much SAF can one facility produce?”

The opportunity may be:

“Who becomes one of the companies capable of developing these facilities?”

Because if the world genuinely requires thousands of SAF facilities, then:

Project developers
Carbon management companies
Engineering firms
Feedstock providers
Infrastructure developers
Indigenous partnerships
Rail and logistics networks

all become part of the value chain.

Putting The Number Into Perspective

If the world ultimately spends:

$3.5 trillion
$5.2 trillion
$7 trillion

building SAF infrastructure between now and 2050,

then we are potentially looking at one of the largest industrial buildouts since:

The interstate highway system
Global LNG infrastructure
Modern telecommunications networks
Renewable energy deployment

This is why Matt’s statement stood out:

“Demand is not the problem. Supply is.”

The math suggests that if the industry’s projections are even remotely close, the challenge is no longer proving the need for SAF.

The challenge is financing, permitting, developing, and constructing thousands of facilities around the world before 2050.

The core message is simple:

The challenge is no longer proving that Sustainable Aviation Fuel (SAF) is needed.

The challenge is building enough of it.

According to the figures highlighted by Matt Scorah:

Approximately 30 SAF production facilities are operating globally today.
The world may require approximately 7,000 SAF facilities by 2050 to support aviation decarbonization goals.
That leaves a gap of roughly 6,970 facilities.

This is why Matt’s statement is so important:

“Demand is not the problem. Supply is.”

Why This Matters

Unlike cars, aviation does not have an easy decarbonization pathway.

Cars

Electric vehicles
Hybrid vehicles
Hydrogen options

Marine

LNG
Methanol
Alternative fuels

Aviation

Existing aircraft fleets
Existing airports
Existing fueling infrastructure

For aviation, SAF is currently viewed by most industry roadmaps as the most practical near-term pathway to meaningful emissions reduction.

The Scale Is Almost Impossible To Comprehend

Current State:

✈️ ~30 facilities

Required:

✈️ ~7,000 facilities

That’s over:

230x more facilities
Trillions of dollars of infrastructure
Millions of jobs
Decades of project development
Massive feedstock supply chains
Carbon capture and storage systems
Rail, port, and logistics expansion

This is not a single industry opportunity.

It is an entire ecosystem opportunity.

Why Project Nahoonai Fits Into The Story

Project Nahoonai is not being positioned as simply a fuel facility.

It appears to be positioned as a multi-layer clean-energy infrastructure project.

Layer 1

Forestry Residuals

↓

Layer 2

SAF Production

↓

Layer 3

Carbon Capture

↓

Layer 4

Permanent Geological Storage

↓

Layer 5

Potential Carbon Economics

The combination creates multiple potential value streams rather than relying on fuel sales alone.

Why British Columbia Is Receiving Attention

Matt repeatedly highlighted advantages that already exist in Northern British Columbia.

Feedstock

Forestry residuals
Wood waste
End-of-life wood products

Infrastructure

CN Rail access
Existing industrial base
Manufacturing expertise

Electricity

Approximately 98% clean electricity
Predominantly hydroelectric power

Carbon Storage

Northeast BC geological storage potential
Existing research through Canadian Discovery Ltd.

Workforce

Industrial labour force
Forestry experience
Resource-sector expertise

The Real Bottleneck

One of Matt’s most important observations was:

“This is not a technology problem.”

Most investors instinctively focus on technology.

Matt focused on something different.

Success Requires:

✅ Feedstock

✅ Infrastructure

✅ Financing

✅ Policy Support

✅ Indigenous Partnerships

✅ Carbon Management

✅ Proven Technology

All of these must move together.

A project fails if any one of these pieces is missing.

The Indigenous Partnership Model

Another major takeaway from ICAO Climate Week was the emphasis on partnership.

Not consultation.

Partnership.

Matt emphasized:

Long-term participation
Shared economic benefit
Shared development
Stewardship
Collaboration from the beginning

This is a significant distinction and appears to be a foundational element of Project Nahoonai.

The Carbon-Negative Opportunity

Most SAF discussions focus only on fuel.

Matt introduced a larger concept.

Carbon-Negative SAF

Biomass

↓

Gasification

↓

Syngas

↓

SAF

Carbon Capture

↓

Permanent Geological Storage

If successful, the project could potentially produce fuel while permanently removing carbon from the atmosphere cycle.

That moves the conversation beyond lower-carbon fuel toward carbon-negative infrastructure.

What Investors May Be Missing

The infographic highlights a shift in thinking.

The old question was:

“Is there demand for SAF?”

The emerging question may be:

“Who can actually build it?”

Because if the world truly requires thousands of facilities, the winners may not simply be the companies with technology.

The winners may be the organizations capable of:

Developing projects
Securing feedstock
Building partnerships
Obtaining permits
Accessing infrastructure
Managing carbon
Financing construction
Executing at scale

The Largest Takeaway

The biggest realization from Matt Scorah’s presentation is that aviation decarbonization is no longer a theoretical discussion.

The world has largely decided where it wants to go.

The challenge now is whether enough facilities can be built quickly enough to get there.

If the estimate of roughly 7,000 SAF facilities proves directionally correct, then the opportunity is measured not in millions or billions, but potentially in trillions of dollars of global infrastructure investment over the coming decades.

Key Takeaways

1. Demand appears to be emerging faster than supply.

The industry’s challenge is production capacity.

2. SAF is becoming a cornerstone of aviation decarbonization.

Most credible aviation pathways rely heavily on SAF.

3. The world may need thousands of new facilities.

The scale of the buildout is enormous.

4. This is bigger than fuel.

Feedstock, carbon capture, storage, logistics, rail, and infrastructure all matter.

5. Carbon capture could become a major value driver.

The opportunity may extend beyond fuel sales.

6. British Columbia has several strategic advantages.

Feedstock, hydro power, rail access, workforce, and storage potential.

7. Indigenous partnerships are increasingly foundational.

Not an add-on, but part of the project model.

8. Execution is everything.

Technology alone will not solve the problem.

9. The opportunity is global.

Every major aviation market will require SAF supply.

10. The question may no longer be “Is there demand?”

The question may be:

Who can build the infrastructure required to meet it?

Important Disclaimer:

My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

You will need to create an account. Email and password. Matt Scorah Sky Talk presentation. Link below.

https://www.icao.tv

The 10 most important strategic messages Matt communicated at ICAO.

🎤 ICAO CLIMATE WEEK 2026
Matt Scorah’s Most Important Takeaways
CENTER IMAGE
Large realistic image of:
Sustainable Aviation Fuel facility
Forest biomass
Modern jet aircraft
Carbon capture infrastructure
Prince George, BC backdrop
Tano T’enneh partnership representation

🟢 1. CIELO IS A PROJECT DEVELOPER
Not a technology company.
✔ Technology Independent
✔ Project Integration
✔ Infrastructure Focus
✔ Execution Driven

🔵 2. PROVEN TECHNOLOGY ONLY
Matt specifically referenced:
TRL 7–8 Technologies
✔ Commercially demonstrated
✔ Reduced technology risk
✔ Focus on deployment

🌲 3. WASTE BECOMES A RESOURCE
“We do not see biomass as a waste problem.”
Instead:
Biomass = Carbon Resource
✔ Forestry Residuals
✔ Waste Wood
✔ End-of-Life Wood Products

✈️** 4. AVIATION HAS THE BIGGEST CHALLENG**E
Why SAF?
✔ Immediate solution
✔ Existing infrastructure
✔ Global demand growth
✔ Decarbonization pathway

📈 5. THE SUPPLY GAP IS MASSIVE
Current SAF Facilities
≈ 30
Projected Required Facilities
≈ 7,000
Demand is not the problem.
Supply is.

🚂 6. WHY PRINCE GEORGE?
✔ Forestry Capital of Northern BC
✔ CN Rail Access
✔ Industrial Workforce
✔ Existing Infrastructure
✔ Biomass Availability
✔ Low Carbon Electricity

⚡ 7. 98% CLEAN ELECTRICITY
British Columbia Advantage
✔ Hydro Power
✔ Renewable Electricity
✔ Lower Carbon Intensity
✔ Strong Project Economics

⚙️** 8. GASIFICATION → SYNGAS → SA**F
Confirmed Process Pathway
Forestry Biomass
⬇
Gasification
⬇
Syngas
⬇
SAF + Renewable Fuels

♻️** 9. CARBON CAPTURE IS BUILT I**N
The process naturally creates CO₂
Cielo’s objective:
✔ Capture CO₂
✔ Permanently Store CO₂
✔ Lower Carbon Intensity
✔ Achieve Carbon-Negative Fuel

🤝 10. INDIGENOUS PARTNERSHIP IS FOUNDATIONAL
Not Consultation
Partnership
✔ Shared Development
✔ Long-Term Participation
✔ Economic Benefit
✔ Stewardship

🏆 MATT’S BIGGEST MESSAGE
“This Is Not A Technology Problem”
Success Requires:
✅ Feedstock
✅ Infrastructure
✅ Financing
✅ Policy Support
✅ Indigenous Partnerships
✅ Carbon Management
✅ Proven Technology

KEY TAKEAWAY
PROJECT NAHOONAI
Carbon-Negative SAF
●
Permanent Carbon Storage
●
Indigenous Partnership
●
Proven Technology
●
Infrastructure Development
“Project Nahoonai is being positioned as an integrated carbon-negative infrastructure project built around proven technologies, abundant waste biomass, Indigenous partnership, and permanent carbon storage.”

Important Disclaimer:
My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Understanding The Potential Economic Value Layers

Layer 1

✈️ SAF Revenue

Produce fuel and sell SAF

Layer 2

🌿 BC LCFS Credits

Lower carbon intensity may generate additional credit value.

Layer 3

🇨🇦 Clean Fuel Regulation Credits

Federal compliance-fuel incentives.

Layer 4

🏗️ CCUS Investment Tax Credits

Potential federal incentives for qualifying carbon-capture infrastructure.

Layer 5

♻️ Carbon Credit Markets

Potential value from permanent carbon storage.

WHY THE CDL ATLAS DATA LIBRARY MATTERS

The Atlas is not revenue.

The Atlas is not a tax credit.

The Atlas may help answer one critical question:

Where does the carbon go?

PROJECT NAHOONAI

Waste

⬇️

SAF

CCUS

Carbon Storage

Carbon Credits

Tax Incentives

THE BIG QUESTION

What percentage of Project Nahoonai’s future value could come from:

✈️ SAF Production

versus

♻️ Carbon Capture, Storage & Carbon Economics?

KEY TAKEAWAY

The SAF project may attract attention.

The carbon strategy may be where a significant portion of the long-term economic opportunity exists.

Important Disclaimer:
My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

I took some time and decided to create this puzzle. You can see the pieces that are already in place. I also included the missing pieces.

Project Nahoonai is more than a Sustainable Aviation Fuel (SAF) project. It represents the potential convergence of renewable feedstocks, carbon capture and storage (CCUS), Indigenous partnership, infrastructure development, and long-term carbon-management economics.

This infographic illustrates the key pieces that have already come together, including Tano T’enneh Enterprises, Canadian Discovery Ltd., Project Nahoonai, Prince George’s strategic location, carbon-negative SAF, and the expertise being brought to the project through leadership and technical development.

At the same time, it highlights the critical pieces still required to complete the puzzle:

• Land Control
• Technology Provider
• Feedstock Agreements
• Carbon Storage Pathway
• Financing Package
• Final Investment Decision (FID)

Every completed piece reduces uncertainty and moves the project closer to execution.

The message is simple:

No single piece creates the picture. The value emerges when all the pieces fit together.

Project Nahoonai’s future will ultimately be determined not by promises, but by successfully checking the boxes that transform vision into reality.

Important Disclaimer:
My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.

Project Nahoonai represents a bold vision for the future of Canadian clean-energy infrastructure.

Strategically located in Prince George, British Columbia, the project seeks to transform low-value forestry residuals and other sustainable biomass feedstocks into Sustainable Aviation Fuel (SAF) while integrating carbon capture and permanent geological storage solutions.

What makes Project Nahoonai unique is its potential to combine multiple long-term objectives into a single platform:

• Aviation decarbonization through SAF production
• Carbon capture and permanent storage (CCUS)
• Indigenous-led ownership and stewardship
• Forestry waste utilization and resource optimization
• Regional economic development and job creation

By pairing renewable feedstocks with carbon management infrastructure, Project Nahoonai aims to move beyond traditional emissions reduction and toward the production of carbon-negative fuels that support global aviation climate goals.

The project also highlights the growing importance of collaboration between industry, Indigenous partners, technical experts, and government stakeholders in building the next generation of Canadian energy infrastructure.

If successfully developed, Project Nahoonai has the potential to become more than a fuel facility—it could serve as a model for how sustainable fuels, carbon management, Indigenous participation, and environmental stewardship can work together to create long-term economic and environmental value.

At its core, Project Nahoonai is about transforming waste into opportunity, carbon into value, and innovation into lasting impact.

Important Disclaimer:
My posts are not financial or investment advice. Please conduct your own due diligence before making any investment decisions. I am simply an individual on Reddit and X sharing my personal opinions, and they should be interpreted as such.

I do, however, want to emphasize that you are welcome to share this content across any form of media, including Reddit, X/Twitter, stock chat rooms, etc.