Business
Fortune 500 Industrial Group to build sites with Global Clean Energy, Inc. Aggregation Model.
Fortune 500 Industrial Group to build sites with Global Clean Energy, Inc. Aggregation Model..
About this update from Global Clean Energy, Inc.
[{"type":"text","content":"HOUSTON, TX--(Marketwire –March 4, 2013) - Global Clean Energy, Inc. (OTC PINK:GCEI) (the “Company”), an alternative fuels company focusing on waste-to-energy conversion, is excited with its 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 replaced by biofuels from traditional sources, it represents a market size of over $100 billion with growth at 8.2% annually through 2014.\nWith a compelling pipeline of market opportunities presently existing in the United States, the Company is finalizing multiple agreements in prime US markets with major waste plastics and waste tire suppliers to acquire the rights to install pyrolysis systems on their facilities. Each of the feedstock operations has numerous sites available to the Company which will increase GCEI’s development pipeline of multiple projects extending into the next decade. The Company’s proven pyrolysis systems allow for the waste plastics and tires to be converted into alternative, low emission fuels such as diesel, and syngas.\nThe Company has been in discussions with multiple Fortune 500 manufacturing corporations for the engineering procurement and construction of the facilities. The EPC will be providing performance guarantees for their work on the development projects, allowing Global Clean Energy Inc. to bring in-line, term financing commitments to secure the construction. GCEI will announce system role outs on route to becoming the preeminent modular pyrolysis system integrator in the US. \nSteven Mann, the Chief Development Officer of Global Clean Energy, Inc., recently returned from a tour of the existing commercial facilities, stating, “We are excited to be able to work with proven technologies which have been running commercially in Europe for a number of years. With our Fortune 500 partners and EPC, we believe Global Clean Energy will be one of the leaders in the waste to energy space within the next 36 months.”\nThe Company plans to bring its first of multiple plants on line by Q2 2014.\nAbout Global Clean Energy, Inc.\nGlobal Clean Energy, Inc. is a waste-to-energy conversion solutions company, focusing on using available and ...