Cielo Waste Solutions Corp. is pleased to announce that it has entered into a non-binding Strategic Partnership Framework Agreement dated March 14th, 2026 (the “SPFA”) with Tano T’enneh Enterprises (“TTE”), a wholly owned enterprise of the Lheidli T’enneh Nation, to collaboratively advance Project Nexus, Cielo’s previously announced sustainable aviation fuel facility proposed for development on land to be acquired by TTE within Lheidli T’enneh Nation territory in British Columbia (the “Project”).
The SPFA establishes a non-binding framework for Cielo and TTE to work together to evaluate and advance Project Nexus toward negotiating and executing definitive agreements (the “Definitive Agreement(s)”), while preserving Cielo’s rights to the Project concept and its ability to pursue the Project elsewhere if it does not proceed with TTE or in Lheidli T’enneh Nation territory.
Read More: SalesTechStar Interview with Sahil Rekhi, Chief Revenue Officer at Graia
Proposed Project Structure
Under the terms contemplated by the SPFA, Project Nexus would be owned and financed through a limited partnership structure (the “Project LP”) in which TTE would hold up to 51% of the units of the Project LP (the “LP Units”) representing majority Indigenous ownership. Cielo (together with any third party limited partners introduced by Cielo) would hold the balance of the LP Units. A general partner is intended to be established with representation from both Cielo and TTE to operate the Project LP. Governance terms will be set out in the Definitive Agreement(s).
It’s anticipated that TTE would acquire land within Lheidli T’enneh Nation territory to serve as the Project site, with tenure anticipated to support Indigenous financing programs and federal loan guarantees, where available and applicable.
Financing Framework
Cielo and TTE intend to explore a financing structure that may include British Columbia Low Carbon Fuel Standard (“BC LCFS”) incentives, Indigenous loan guarantee programs, Canada Infrastructure Bank financing, Clean Fuels Fund funding, and investment tax credits. Cielo’s equity contribution may be structured to be partially recoverable through future LCFS credit allocations under a BC LCFS Initiative Agreement, if entered into, reducing upfront capital requirements while maintaining alignment with Project performance. Final financing terms will be subject to the Definitive Agreement(s), lender requirements, and program eligibility.
“We are pleased to be working with TTE toward a sustainable aviation fuel facility in British Columbia. Majority Indigenous ownership is a foundational principle of this partnership, and we look forward to advancing the Project through the next stages of development,” said Ryan C. Jackson, CEO of Cielo.
Read More: Beyond CRM: How SalesTech is Shaping the Future of Deal Management?
