Global Clean Energy, Inc. Update of Funding and Operations
June 03 2013 - 9:00AM
Marketwired
Global Clean Energy, Inc. (PINKSHEETS: GCEI) is an alternative
fuels development company focusing on waste-to-energy conversion, a
process the company refers to as Reforming Environmental Salvage
into Clean Usable Energy (R.E.S.C.U.E).
Global Clean Energy, Inc. is closely involved with 4 NYSE
companies in the conversion technology (pyrolysis), feedstock
(waste stream) and engineering fields (EPC & O&M), to build
waste to fuel systems across the US in multiple industries. GCEI is
focused on the North American market in implementing commercially
proven technologies to convert end-of-life plastic, ASR, pulp &
paper plastics and ragger wire and tires from some of the largest
suppliers in the US. The work that is currently being done in
finalizing operational and funding agreements will position GCEI
with abundant postindustrial plastic and tires in the Southeast,
Midwest and Northwest, being the most practical regions to
co-locate with our partnering companies. GCEI plans on commencing
plastic sorting operations shortly at a $5,000,000 annual revenue
run rate and will begin commissioning waste to fuel pyrolysis
systems shortly thereafter which will have a $30,000,000 annual run
rate. The technology for converting plastics to fuel is presently
being employed in Europe and Asia and will now allow similar
operations and investments to be made in the United States.
"These are significant transactions encompassing tens of
millions of dollars of investments," says Brian Levine COO of GCEI.
"We turn waste into energy, we recycle, we replenish. We will
ensure our shareholders are updated on tangible developments and
agreements as we create a valuable footprint in North America."
GCEI will announce a range of investor tools and educational
programs on route to becoming the waste to fuels company that
people understand and support. Ten years ago we landfilled all our
waste, today companies like GCEI are fighting to convert it, that's
what we want people to think of when they think of Global Clean
Energy, Inc.
Statements in this release may be regarded, in certain
instances, as "forward-looking statements" pursuant to certain
sections of the Securities Act 1933 and the Securities Exchange Act
1934, respectively. "Forward-looking statements" are based on
expectations, estimates and projections at the time the statements
are made, and involve risks and uncertainties, which could cause
actual results or events to differ materially from those currently
anticipated, including, but not limited to delays, difficulties,
changed strategies, or unanticipated factors or circumstances
affecting GCEI and its business. There can be no assurance that
such forward-looking statements will ever prove to be accurate and
readers should not place undue reliance on any such forward-looking
statements contained herein. GCEI will not republish revised
forward-looking statements to reflect events or circumstances after
the date hereof to reflect the occurrence of unanticipated
events.
GLOBAL CLEAN ENERGY, INC. www.globalcleanenergy.net Investor
Relations 713-852-7474
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