By contrast, over the past 10 years Global Clean Energy has kept its focus on waste recovery and has developed two complementary technologies to salvage and reform waste from a variety of sources to produce a variety of clean energy byproducts. Consequently, with a growing world-wide commercial andindustrial need for these technologies, GCE is largely insulated from the inherent volatility of a reactive market. Moreover, GCE is well-positioned to exploit fully the opportunities presented by the government policies and programs that are setting the agenda for the alternative energy industry even with the pricing pressure. Finally, for the last two years the company has devoted resources, research and time to the establishment and funding of an Algae REIT which will be the first of its' type in the country. GCE will be the managing General Partner and own 20% of the REIT.
GCEI> 2019 PLANS AND UPDATES:
The entire year of 2018 was also devoted to finalizing the Algae REIT model and prepare for funding and operation. The process has been time consuming but extremely successful.
"IT HAS BEEN DONE WITHOUT ANY FURTHER DEBT RAISE AND WITHOUT ANY STOCK BEING USED TO DILUTE OUR SHAREHOLDERS."
Management deeply appreciates the patience and confidence shown in 2018.
The highlights of progress are:
l. a site has been selected in Houston, Texas for the Algae operation,
2. The projections show a 32% net on revenue. Today's net revenue on an average REIT is 8%.
3. The site has been engineered to have as low a carbon footprint as near zero. Electricity will mostly (92%) come from solar energy, as well water on the site shall be recycled.
4. The REIT offering will be priced in the second quarter of 2019 and we are hoping for funding within the quarter.
Waste to Fuels & Recovered Carbon Black project (W2F). GCE has developed a W2F project to produce
high value fuel and recovered carbon black from used tires using pyrolysis technology.
Pyrolysis is the super heating of material in the absence of oxygen which breaks down the hydrocarbons to create syngas and solids.
The syngas is converted to ULSD (Ultra Low Sulphur Diesel & naphtha). The solids recovered
from the pyrolysis process are recovered carbon black (rCB). The rCB is sold into the carbon black markets.
Both the fuel and the rCB have Letters Of Intent to purchase the resultant fuel and carbon black.
The project which has been in development for many years, was put on hold due to the dramatic price drop of fuel in 2016/2017.
Due to the stabilization of fuel prices presently, the project has renewed interest from three
funding groups. The project team is moving forward with due diligence with each group and is cautiously optimistic the project will be funded.
GLOBAL CLEAN ENERGY, INC.