Global Clean Energy, Inc. (OTC PINK: GCEI), a waste-to-energy development company focused on optimizing commercially available technologies to recover, reclaim and convert waste into commercially viable energy, is pleased to announce that, after months of diligent negotiations, the Operational Strat
HOUSTON, TX, Nov 12, 2013 (Marketwired via COMTEX) -- Global Clean Energy, Inc. (OTC PINK: GCEI), a waste-to-energy development company focused on optimizing commercially available technologies to recover, reclaim and convert waste into commercially viable energy, is pleased to announce that, after months of diligent negotiations, the Operational Strategy and 2014 Revenue Targets of the Company have been finalized.
Throughout the year, the Company has been securing long term feedstock and operational agreements while fortifying its business model of stepping into existing operations that require an infusion of capital, technology and expertise to complete their developments. After spending most of 2013 securing the estimated $55 million needed to construct the facilities, the combined projected revenues of the first 4 facilities are estimated to be $15 million in Q3/Q4 of 2014, expanding to $60 million in 2015.
Michael Coia CEO of Seneca Bio-Energy stated "As an owner operator of SBE Energy Park we have been approached by many energy groups (developers), out of all the companies that have approached us only GCE has brought the breadth of experience and capabilities to convert W2E enabling SBE to complete our project."
The Company will have a controlling interest in two (2) Plastic to Fuel (P2F) sites, a Platinum Group Metals ("PGM") recovery site, and an integrated energy park which will include a P2F system, a bio digester and a food grade tolling operation.
Brian Levine, COO of Global Clean Energy stated "The European model for waste to energy coming to North America in much the same way as renewables such as wind and solar, are tried, true and tested. The impending waste import embargo by China combined with the proliferation of new cost effective conversion technologies, and the increased demand in the PGM industry for catalytic converters, will fuel the Company's growth over the next decade."
Global Clean Energy's strategy is directly in line with today's market conditions and projected future trends making the timing for bringing their 4 facilities on line in 2014 is well timed for the company and its shareholders. Using proven technology in the North American markets while maintaining the level of profitability already being employed in Europe, Asia and the U.S. by similar companies will permit faster growth, less risk and accelerated operations and results for the Company.
About Global Clean Energy Inc.
Global Clean Energy, Inc. is a waste-to-energy conversion solutions company, 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.).
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 Global Clean Energy Inc. 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. Global Clean Energy Inc. 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.
SOURCE: Global Clean Energy, Inc.
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