Global Clean Energy Commences Plant Ordering as Offtake Testing Nears Completion
May 08 2014 - 5:29PM
Marketwired
Global Clean Energy Commences Plant Ordering as Offtake Testing
Nears Completion
HOUSTON, TX--(Marketwired - May 8, 2014) - Global Clean Energy,
Inc. (OTC-PINK: GCEI) is in the final stages of site preparation
prior to ordering its pyrolysis system to convert end-of-life tires
and end-of-life plastics into diesel and other high value fuels.
The company is striving to be the first in the industry to run
plastics and tires in the same facility, considered groundbreaking
in the waste to fuels sector.
The company is finalizing off take agreements for the derived
fuels and carbon from its tire and plastic operations which will
meet the demand of its large oil and carbon customers.
GCE has engaged SGS for final validation of the fuel
specifications based on ASTM testing methodologies to meet North
American transportation fuel standards. "We are working directly
with our offtake customers and SGS to ensure precise adherence to
our customer's specifications," says Steven Mann GCE's Chief
Development officer in charge of offtake contracting and refining
technologies for the company.
The company is providing fuel and tire derived carbon black for
testing from the actual systems it will install in North
America.
GCE has secured the required capital to order both the plastic
and tire pyrolysis systems, in addition to its PGM, Platinum Group
Metal facility. Financing for both plants is expected to be
concluded prior to the end of Q2 2014.
About Global Clean
Energy, Inc. Global Clean Energy, Inc. is a waste-to-energy
conversion solutions company, focusing on using available and
developing technologies to convert waste into commercially viable
energy, a process the company refers to as Reforming Environmental
Salvage into Clean Usable Energy (R.E.S.C.U.E.). GCE is the
industry's most diversified aggregator and system integrator
bringing solutions to the plastics, rubber, anaerobic digestion and
platinum group metals recovery industries. GCE focuses on existing
technologies with a track record to provide its feedstock network
with reliable solutions.
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 Global Clean Energy Inc. 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. Global Clean
Energy Inc. 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. Investor Relations 713-852-7474
www.globalcleanenergy.net
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