|By Marketwired .||
|May 8, 2014 05:30 PM EDT||
HOUSTON, TX -- (Marketwired) -- 05/08/14 -- 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.