Global Clean Energy, Inc. Commences Testing on Auto Shred Residue
June 13 2013 - 7:30AM
Marketwired
Global Clean Energy, Inc. (PINKSHEETS: GCEI) (the "Company") is an
alternative fuels development company focusing on waste-to-energy
conversion, 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).
Facilities in the US are now allowed to recycle plastics
separated from automobile shredder residue, according to the EPA's
new interpretation of existing regulations. The EPA banned the
manufacturing, sale and distribution of PCB products in US in
1979.
"EPA has concluded that the costs associated with the strict
prohibition on PCB activities are large and outweigh the risks
posed by these activities," reads the notice. "The technologies for
separating and recycling the plastics are already being employed in
Europe and Asia, and the agency's action will now allow similar
investments to be made here in the U.S., instead of overseas."
GCEI is in the process of sending ASR fluff to Argonne National
Laboratory for quantification and analysis to determine the
appropriate sorting technology required. Presently the company is
finalizing due diligence on three systems. The results will allow
GCEI to start ordering state of the art sorting equipment. The ASR
emanates from one of the nation's largest auto shredding firms.
"This is the first step in the recycling process. We are eagerly
awaiting the results so that GCE can commence with sorting
operations followed by several conversion processes involving fuel
and high end polymers," says Steven Mann Chief Development Officer
of GCEI.
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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