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GLOBAL CLEAN ENERGY HOLDINGS (GCEH) is a California-based company specializing in biofuel feedstock development and operations. The company focuses on eco-friendly biofuel feedstock research, sustainable agriculture cultivation, production, and distribution. GCEH owns and manages the largest jatropha plantation in the Americas, located in the Yucatan Peninsula of Mexico. Through its subsidiary, Sustainable Oils, LLC, GCEH offers a comprehensive range of camelina-related products and services.
Global Clean Energy Holdings (OTCQB:GCEH) announced its Bakersfield Renewable Fuels Facility is now commercially operational, producing approximately 250,000 gallons of renewable diesel daily. The facility has a design capacity of up to 210 million gallons annually and utilizes patented nonfood camelina varieties to produce renewable fuel that delivers up to 90% lower carbon and greenhouse gas emissions compared to petroleum-based diesel.
The facility also generates sustainable co-products including renewable propane and butane. The company is selling renewable fuels at its Bakersfield truck loading facility through a supply and offtake agreement with Vitol, Inc. GCEH's vertically integrated, farm-to-fuel business model enables operational efficiencies and production flexibility across multiple feedstocks.
Louis Dreyfus Company (LDC), Global Clean Energy Holdings, Inc., and Bayer have announced a strategic collaboration to promote camelina cultivation in Argentina as part of Bayer's PRO Carbono Program. This collaboration aims to drive decarbonization in the supply chain and promote sustainable agricultural production. Camelina is used as an ultra-low carbon feedstock for advanced biofuels production and is already being promoted in Argentina by LDC and Global Clean Energy. The partnership aligns with LDC's global sustainability strategy to contribute to climate goals by driving decarbonization and adopting regenerative agriculture practices. Global Clean Energy, a leading camelina producer, is dedicated to offering adaptable and high-yielding camelina varieties. The collaboration with Bayer's PRO Carbono program focuses on implementing sustainable agronomic practices to increase productivity, reduce emissions, and capture more carbon from the soil.
The USDA has awarded Global Clean Energy Holdings, Inc. (OTCQB:GCEH) up to $30 million as part of its Climate-Smart Commodities grant program. This funding is designated for a pilot project focusing on camelina, a nonfood crop, to produce ultra-low carbon renewable fuels. The initiative aims to enhance carbon capture and promote sustainable farming practices. Global Clean Energy holds the largest camelina patent portfolio and engages farmers across key U.S. states to grow this crop, which will be processed at its California refinery.
Global Clean Energy Holdings (OTC-PINK:GCEH) announced that CEO Richard Palmer and President Noah Verleun will present at the Stifel 2022 Cross Sector Insight Conference on June 9, 2022, from 10:55 to 11:25 a.m. EDT. They will also participate in a fireside chat at the Cowen Next-Gen Fuel Summit on June 16, 2022, from 12:00 to 12:45 p.m. EDT. Both sessions will be available for public viewing via webcasts.
GCEH focuses on reducing carbon emissions through its renewable fuel strategies utilizing proprietary nonfood camelina varieties.