Global Clean Energy, Inc, the Industry's Most Diversified Feedstock Aggregator and Developer, Along With Nova ReNew Confirm G...
September 12 2013 - 9:29AM
Marketwired
Global Clean Energy, Inc. (OTC PINK: GCEI) is pleased to announce
that its partner Nova ReNew of Halifax Nova Scotia has received
financial and technical advisory support from the National Research
Council of Canada-Industrial Research Assistance Program
(NRC-IRAP), for research into the integration of the Expanded
Polystyrene (EPS) volume reduction technology for the Global Clean
Energy and Nova ReNew-site.
GCE recently confirmed its intentions to co-develop a turn-key
plastic to fuel plant utilizing 6,000 tons of waste or end of life
plastics annually and convert it to a high value fuel, with Nova
ReNew Inc, in Nova Scotia, Canada.
Nova ReNew Inc. has intellectual property rights to EPS volume
reduction technology, and spokesman Wayne Adams says, "This
presents a potential global solution to what many jurisdictions
dread as the major Styrofoam waste-problem. There are several
municipalities that would love to save the cost of landfill space
by diverting EPS (Styrofoam) from their landfills; each ton of EPS
occupies 50 cubic meters of landfill space, which is very
expensive."
Dietmar Tholen, of Nova ReNew began the development of the
technology to reduce the volume of EPS in 2007. In the following
years Tholen developed a process and bench scale process machinery
that liquefies EPS and reduces the real volume by approximately 98%
releasing all integrated gas and allowing for the precipitation of
all impurities and contamination of processed EPS waste
materials.
GCE's COO, Brian Levine says, "Plastics to fuel, commonly
referred to as P2O-plastics to oil, has been engineered and
marketed in several European countries and in a few US cities in
recent years; and we have not identified other ventures that are
integrating EPS volume reduction technology with P2O."
GCE has quickly become the most diversified feedstock and
technology aggregator in North America, securing feedstock rights
in multiple industries and industrial sectors including end of life
plastics, tires, rubber hoses, Platinum Group Metals (PGM), wood
and MSW. As a global technology integrator, GCE has a broad
spectrum of commercially proven best available technology (BAT)
which allows GCE to match up technology with feedstock in order to
maximize the fuel conversion value. GCE is positioned as the most
diverse feedstock integrator, differentiating itself from single
source, singular platform traditional feedstock developers in the
flourishing North America alternative fuel development market.
Nova ReNew Inc. has completed six years of technical due
diligence on the practical, cost effective conversion of municipal
solid waste streams into value added products. Nova ReNew will
exploit low risk, leading edge proven technologies to convert
plastic waste streams into hydrocarbon based fuels. Nova ReNew Inc.
has developed intellectual property related to the volume reduction
of Expanded Polystyrene (Styrofoam) to incorporate into this
system. This one of a kind technology will address the ever growing
challenge for high volume plastic foam that currently consumes
mega-acres of landfill capacity worldwide, and utilizes this waste
stream in the plastics to diesel fuel process.
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 GCE 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. GCE 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
Global Clean Energy (PK) (USOTC:GCEI)
Historical Stock Chart
From Nov 2024 to Dec 2024
Global Clean Energy (PK) (USOTC:GCEI)
Historical Stock Chart
From Dec 2023 to Dec 2024