Global Clean Energy, Inc. Forms Joint Venture With Full Circle Renewables, LLC, to Complete Waste to Fuels Projects Under Dev...
July 29 2013 - 7:30AM
Marketwired
Global Clean Energy, Inc. (OTC PINK: GCEI) (the "Company"), an
alternative fuels development company Global Clean Energy, Inc.
(GCEI) announces a joint venture with Full Circle Renewables, LLC
(FCR), Fresno, California to jointly develop a number of waste to
fuels projects including the utilization of FCR's anaerobic
digestion technology, funding support and methane off-take
agreements for multiple sites controlled by GCEI.
Additional projects will consist of plastics to fuels projects
on sites controlled by FCR. "The symmetry to which this JV works,
benefits both companies as each provides the missing pieces to
successfully complete GCEI's waste to fuels projects under
development in North America," says Steven Mann, Chief Development
Officer for Global Clean Energy, Inc.
Full Circle Renewables LLC, is a turn-key energy project
development company that focuses on medium to large utility scale
projects with developmental experience in both solar PV and biogas
and other waste to energy projects. "FCR is pleased to be working
with GCEI's development team to expand and supplement FCR's current
developments in North America," says Jim Quan, CEO of Full Circle
Renewables, LLC.
Further, GCEI will contract and assign project engineering
management to its technology partners and global EPC firms. GCE
will no longer have to absorb project engineering overhead for its
rubber, plastics, wood and automobile recycling recovery
technologies. Therefore, the previously announced appointment of
Louis-Philippe Senécal, as chief project engineer is no longer
necessary and will be contracted to GCE's system integrators and
independent EPC firms.
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.
Contact: GLOBAL CLEAN ENERGY, INC. www.globalcleanenergy.net
Investor Relations 713-852-7474
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