HOUSTON, TX — (Marketwire) — 09/24/12 — Global Clean Energy, Inc. (PINKSHEETS: GCEI) is in the final stages of negotiations to acquire Houston Industrial Materials (HIM). HIM is an integral part of GCEI–s plan to expand feedstock preparation and sourcing for gasification throughout the southern United States utilizing Jatropha and carbon rich materials found in abandoned landfills. One of the key elements of the plan is transportation of the feedstock which is the expertise of HIM.
Houston Industrial Materials has been in the industrial materials sales and transportation business for over twenty years, and has had 19 years of consecutive profitability, with annual sales in excess of $2,500,000.00. It is anticipated that HIM, with current management staying on, will fulfill the transportation needs of Global Clean in addition to expanding its material sales business.
HIM has been involved in developing cost models and strategic plans for the movement of Jatropha and other feedstocks to various gasification plants, while Global Clean develops its own gasification locations.
Global Clean Energy, Inc. is a waste-to-energy conversion solutions company, focusing on using available and developing technologies to recover and/or extract from unconventional industrially abandoned, or formerly uneconomic sources to commercially viable Energy Resource Materials (ERM). This process results in two distinct benefits: 1) converting formerly unusable waste into a viable ERM, and 2) restoring formerly environmentally blighted land to a usable form, a process the company refers to as Reforming Environmental Salvage into Clean Usable Energy (R.E.S.C.U.E.).
The company–s strategy is to utilize newly developed proven conversion and reprocessing technologies to produce clean burning viable energy sources from the ERM. The company has developed proprietary technologies to focus on two specific niches of the Green Alternative Energy Sector (GAES). First the conversion of slurry pond residues to dry slurry through its proprietary “Cyclonic Dredging” technology, and secondly the construction of specialized gasification plants using the company–s proprietary hybrid gasification technology to convert carbon based feedstock into clean usable energy.
Statements in this release may be regarded, in certain instances, as “forward-looking statements” pursuant to Section 27A of the Securities Act 1933 and Section 21B of 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 the GCEI and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and reader 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.
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