CINCINNATI, Aug. 21 /PRNewswire/ -- Mr. Steven V. Cleaves, has been
appointed Chief Financial Officer for the Lima Energy Company which is
building an ultra clean high tech BTU Conversion facility in Lima, OH. Mr.
Cleaves has had a 25 year career with Saudi Aramco including a series of
senior finance positions reporting to the CEO, CFO, and Executive Committee.
Saudi Aramco is Saudi Arabia's National Oil Company with annual revenues over
$350 Billion and 262 Billion Barrels of Oil Equivalent (BOE) in Reserves.
For Saudi Aramco, Mr. Cleaves managed the Capital Budget and Programs
Department responsible for overseeing Construction, Project Management, and
Capital Budgets in excess of $5 Billion per year. Mr. Cleaves was the lead
Financial Management Executive on the International Joint Venture Team for
Saudi Aramco including successful JV's with Motor Oil Hellas in Greece, Petron
Corporation in the Philippines, and the Aramco-ExxonMobil-Sinopec JV in China.
Prior employment includes: Trans Asia Engineering Associates, Thailand as
Accounting Supervisor; RMK BRJ, South Vietnam as Internal Auditor; U.S.
General Accounting Office as Management Auditor with security clearance; and
the U.S. Army Finance Corps as Finance and Accounting Officer where he was
awarded Army Commendation Medal. Mr. Cleaves has recently served the public
sector in his hometown of Lima, Ohio; as Finance Director; and holds an MBA
from Miami University of Ohio and a Bachelor of Science in Finance from The
Ohio State University. Mr. Cleaves will be focused on the delivery and
efficient utilization of the construction capital for the completion of the
Lima Energy Project which will be a leader in the State of Ohio Advanced
Energy project portfolio.
About Lima Energy Company
Lima Energy is an innovative Clean Energy project that will produce ultra
clean high tech low cost energy products. The project will utilize
commercially proven BTU Conversion Technology and Operating Expertise to
convert solid hydrocarbons to low cost energy products including: pipeline
gas, hydrogen, and power. When all phases are completed, the project will
produce up to 49 Billion cubic feet (BCF) per year of synthetic natural gas
(SNG) and 540 MW of efficient combined cycle power. The Ohio Air Quality
Development Authority has designated the project as an Air Quality and
Advanced Energy Facility, and as a result, the project is eligible for Bond
Finance from that State Agency. Lima Energy represents a landmark private and
public sector cooperation and a major step forward in leading environmental
standards and corporate social responsibility.
About Global Energy, Inc.
Global Energy, Inc. is an Environmental Energy Technology Company with
Gasification Technology expertise. Gasification Technology provides an Ultra
Clean High Tech and low cost method for producing Power, Gas, Transportation
Fuel and Hydrogen by the closed system BTU Conversion of solid hydrocarbons
including coal, petcoke, and renewables. The Company has optimized operating
techniques and is able to produce synthetic gas at costs well below market
prices for pipeline gas. The Company is focused on 3 Projects representing 323
BCF/YR or 55.7 million BOE/YR. The Company plans to build, own, and operate a
portfolio of BTU Conversion facilities and currently owns 1.2 Billion BOE in
solid hydrocarbon fuel reserves.
.gif)
