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)


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.


 


GLOBAL CLEAN ENERGY, INC.


 


www.globalcleanenergy.net


Investor Relations
713-852-7474


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