HOUSTON, TX — (Marketwired) — 06/03/13 — Global Clean Energy, Inc. (PINKSHEETS: GCEI) is an alternative fuels development company focusing on waste-to-energy conversion, a process the company refers to as Reforming Environmental Salvage into Clean Usable Energy (R.E.S.C.U.E).
Global Clean Energy, Inc. is closely involved with 4 NYSE companies in the conversion technology (pyrolysis), feedstock (waste stream) and engineering fields (EPC & O&M), to build waste to fuel systems across the US in multiple industries. GCEI is focused on the North American market in implementing commercially proven technologies to convert end-of-life plastic, ASR, pulp & paper plastics and ragger wire and tires from some of the largest suppliers in the US. The work that is currently being done in finalizing operational and funding agreements will position GCEI with abundant postindustrial plastic and tires in the Southeast, Midwest and Northwest, being the most practical regions to co-locate with our partnering companies. GCEI plans on commencing plastic sorting operations shortly at a $5,000,000 annual revenue run rate and will begin commissioning waste to fuel pyrolysis systems shortly thereafter which will have a $30,000,000 annual run rate. The technology for converting plastics to fuel is presently being employed in Europe and Asia and will now allow similar operations and investments to be made in the United States.
“These are significant transactions encompassing tens of millions of dollars of investments,” says Brian Levine COO of GCEI. “We turn waste into energy, we recycle, we replenish. We will ensure our shareholders are updated on tangible developments and agreements as we create a valuable footprint in North America.”
GCEI will announce a range of investor tools and educational programs on route to becoming the waste to fuels company that people understand and support. Ten years ago we landfilled all our waste, today companies like GCEI are fighting to convert it, that–s what we want people to think of when they think of Global Clean Energy, Inc.
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 GCEI 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. 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.
Investor Relations
713-852-7474