HOUSTON, TX — (Marketwired) — 09/12/13 — Global Clean Energy, Inc. (OTC PINK: GCEI) is pleased to announce that its partner Nova ReNew of Halifax Nova Scotia has received financial and technical advisory support from the National Research Council of Canada-Industrial Research Assistance Program (NRC-IRAP), for research into the integration of the Expanded Polystyrene (EPS) volume reduction technology for the Global Clean Energy and Nova ReNew-site.
GCE recently confirmed its intentions to co-develop a turn-key plastic to fuel plant utilizing 6,000 tons of waste or end of life plastics annually and convert it to a high value fuel, with Nova ReNew Inc, in Nova Scotia, Canada.
Nova ReNew Inc. has intellectual property rights to EPS volume reduction technology, and spokesman Wayne Adams says, “This presents a potential global solution to what many jurisdictions dread as the major Styrofoam waste-problem. There are several municipalities that would love to save the cost of landfill space by diverting EPS (Styrofoam) from their landfills; each ton of EPS occupies 50 cubic meters of landfill space, which is very expensive.”
Dietmar Tholen, of Nova ReNew began the development of the technology to reduce the volume of EPS in 2007. In the following years Tholen developed a process and bench scale process machinery that liquefies EPS and reduces the real volume by approximately 98% releasing all integrated gas and allowing for the precipitation of all impurities and contamination of processed EPS waste materials.
GCE–s COO, Brian Levine says, “Plastics to fuel, commonly referred to as P2O-plastics to oil, has been engineered and marketed in several European countries and in a few US cities in recent years; and we have not identified other ventures that are integrating EPS volume reduction technology with P2O.”
GCE has quickly become the most diversified feedstock and technology aggregator in North America, securing feedstock rights in multiple industries and industrial sectors including end of life plastics, tires, rubber hoses, Platinum Group Metals (PGM), wood and MSW. As a global technology integrator, GCE has a broad spectrum of commercially proven best available technology (BAT) which allows GCE to match up technology with feedstock in order to maximize the fuel conversion value. GCE is positioned as the most diverse feedstock integrator, differentiating itself from single source, singular platform traditional feedstock developers in the flourishing North America alternative fuel development market.
Nova ReNew Inc. has completed six years of technical due diligence on the practical, cost effective conversion of municipal solid waste streams into value added products. Nova ReNew will exploit low risk, leading edge proven technologies to convert plastic waste streams into hydrocarbon based fuels. Nova ReNew Inc. has developed intellectual property related to the volume reduction of Expanded Polystyrene (Styrofoam) to incorporate into this system. This one of a kind technology will address the ever growing challenge for high volume plastic foam that currently consumes mega-acres of landfill capacity worldwide, and utilizes this waste stream in the plastics to diesel fuel process.
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 GCE 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. GCE 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