GCEI Announces New Off Take Agreements and Revamped Web Site as North American Plastics to Fuel Markets Heat Up
08 Abril 2013 - 5:10PM
Marketwired
Global Clean Energy, Inc. (PINKSHEETS: GCEI) is an alternative
fuels development company focusing on waste-to-energy conversion.
The company's primary business is developing waste-to-energy
conversion facilities 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)
GCEI has developed an alternative fuels aggregation model for
mid-sized waste-to-energy conversion solutions and timeline for
entering into the multi-billion dollar industry. MarketResearch.com
estimates that by 2014, less than 3% of total fossil fuels will be
alternative fuels, which represent a market of over $100
billion.
GCEI has executed a universal off-take agreement with Gray Oil
Company of Colorado for all the diesel, gasoline and naphtha
produced by GCEI's multiple plastics to fuels projects in
development in the United States. "I have seen many technologies
promising fuel from plastics but GCEI's technology is the only one
I've seen that is actually commercialized, proven and operating.
Gray Oil is very excited to be involved with GCEI as they develop
their waste to fuel projects," says Tom Gray, CFO of Gray Oil. Gray
Oil, founded in 1937 currently distributes bio-diesel as well as
lubricants. Gray Oil has all Exxon and Mobil Lubricants in its line
as well as branded Conoco gasoline.
In the US new technologies are being developed that allow more
materials to be recovered and new value created from those
materials. Waste streams are considered to be valuable material and
new technologies such as automation for materials separation are
allowing the industry to tap into these resources and create value
out of what was previously considered non-valuable material.
Plastic to fuel (PTF) technologies offer the potential to manage
landfill-bound plastics as a resource to create a valuable
alternative fuel source.
Outside of North America, three key drivers have supported
commercialization of PTF technology: rapidly diminishing landfill
capacity, a strong push to increase diversion and materials
recovery and the drive to find value in non-recycled materials.
These fundamentals are quickly taking root in North American
markets. "The US market is being driven by ample supply of
non-recycled scrap plastics, economics of avoided landfill tipping
fees, and the growing demand for less expensive, alternative fuel
products," stated Brian Levine, COO of Global Clean Energy.
In response to the US market adoption of PTF technologies,
Global Clean Energy is aggregating best of breed technologies to
implement modular, scalable and repeatable platforms in North
America as outlined on the company's revamped web site at
www.globalcleanenergy.net
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.
www.globalcleanenergy.net
Investor Relations Global Clean Energy, Inc. 713-852-7474
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