Global Clean Energy Secures Jatropha Supply Commitment
Date Posted: November 14, 2012
Houston, TX—Global Clean Energy, Inc. (PINKSHEETS: GCEI) has secured a source of jatropha seedlings and plants to implement its jatropha landfill projects.
The company has prioritized 32 locations in southern United States for jatropha development.
The company's first stage was to assure a quality supply of jatropha for plantings in the first quarter of 2013.
GCEI is targeting 3 universities to provide research for the project with strategic alliances to be signed before year end.
The company through its Grant Division is completing applications to the Rural Development Guarantee Program, the Rural Energy for America Program and the Biomass Crop Assistance Program.
Likewise, in each state it is the intention of GCEI to seek state assistance for the local governmental units involved.
"We at Global Clean Energy, Inc. believe that this is the first project that develops feedstocks for renewable energy which involves all three levels of government, helps with job creation, provides revenue for local governments and with our University alliances will truly provide groundbreaking research for future feedstock development," said Kenneth Adessky, CFO.
Further, the company hopes the acquisition of Houston Industrial Materials will finalize before year end.
HIM supplies not only revenue but the transportation component of the company's feedstock plan.
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.).
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