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Global Clean Energy, Inc. (GCEI) is a developer of Green Technology projects that provide clean energy without negative carbon emissions. By entering into a Joint Venture with Provectus Engineered Materials Ltd., GCEI aims to reduce sulfur in crude oil and remove oil from oil sand tailings. GCEI is positioned to offer sulfur reduction services at blending stations for oil producers with high sulfur crude oil, potentially generating revenues exceeding $40 million per project.
The global market for Ultra-Low Sulfur Diesel ULSD is expected to reach $14.5 trillion by 2027, with a compound annual growth rate (CAGR) of 4.7%. The joint venture with Provectus enables GCEI to leverage commercialized technology and tap into two emerging sectors: low sulfur fuels and resolving oil sands tailing ponds in an environmentally friendly and cost-effective manner.
Global Clean Energy, Inc. (OTC PINK: GCEI) has secured a commitment from Black & Veatch, a leading Engineering, Procurement and Construction Company, to support its hydrogen production initiatives. The partnership is aimed at using Green Hydrogen to meet future plant electricity needs. GCEI’s collaboration with Black & Veatch builds on a previous successful project and aims to establish a portfolio of waste-to-fuel projects globally. CEO Steven R. Mann emphasized the growing investment interest in the clean energy sector, highlighting the favorable economic conditions for these projects.
Global Clean Energy, Inc. (OTC PINK: GCEI) has engaged Black & Veatch to analyze its greenhouse gas emissions and facilitate the engineering for its planned waste-to-fuel facilities in Virginia. The analysis confirms significantly lower GHG emissions compared to traditional assessments. The company aims to recycle 3,888,800 tires annually into 6,671,038 gallons of fuel and 13,608 tons of carbon black. GCEI is optimistic about achieving its goals in the circular economy, supported by upcoming financing announcements.
Global Clean Energy, Inc. (GCEI) has appointed construction controls expert Chris Boll and automation specialist Heiko Habig to enhance its pyrolysis division aimed at converting waste into synthetic fuels and carbon black. Boll, with experience from a $120M construction firm and involvement in plastic production facility development, joins Habig, who brings over 15 years of industrial automation expertise. This strategic hiring is expected to bolster GCEI's operational capabilities and support the execution of its business plans.