Business
GCEI announces new off take agreements and revamped web site as North American Plastics to Fuel Markets heat up
GCEI announces new off take agreements and revamped web site as North American Plastics to Fuel Markets heat up.
About this update from Global Clean Energy, Inc.
[{"type":"text","content":"HOUSTON, TX--(Marketwire – Apr 08, 2013) - Global Clean Energy, Inc. (OTCPINKS: 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) \nGCEI 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. \nGCEI 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.\nIn 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. \nOutside 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 Am...