Global Clean Energy, Inc. Update of Funding and Operations
June 03 2013 - 9:00AM
OTC Markets
HOUSTON, TX--(Marketwire ?June 3, 2013)
- Global Clean Energy, Inc. (OTC PINK: 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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