2009-03-26 15:50:05 -
DENVER, CO -- (Marketwire) -- 03/26/09 -- Global Clean Energy Inc. (OTCBB: GCEI) is expanding its renewable energy horizons and business model. Renewable energy, a key to reducing dependency on imported oil and minimizing green house gas emissions, encompasses many diverse technologies including wind power, solar energy and biofuel production. GCE's focus has been on biofuel production using clean coal/waste
technology. Recently, GCE has strategically placed itself to expand into all profitable aspects of biofuel production.
In conjunction with this expanded corporate direction, GCE will be relocating its corporate headquarters to Houston, Texas. The US home of energy development, Houston has committed to assist and promote corporations in the field of renewable energy. The city is in the early stages of developing a renewable energy park where companies can showcase their technologies and GCE intends to participate in that effort.
GCE is in the final stages of development plans for the growing and utilizing of algae and jatropha as a renewable feedstock which can be converted efficiently into biofuel by our proprietary gasifier. Large scale undeveloped sites, suitable for the production of our home-grown fuel, are being negotiated in Texas.
GCE entered into a Memorandum of Agreement on March 18, 2009 to conduct joint research projects with the Faculty of Engineering of Concordia University, Montreal, Qc. Research includes enhancement of our proprietary Airpump(TM) cyclonic dredging pump, with Dr. George Vatistas, one of the world leading scientists in Vortex theory.
GCE has received attention from both local and international communities interested in gasification as a waste management solution and as an alternative source of energy supply. GCE anticipates entering into contracts to develop and operate gasification plants by the end of the 2nd quarter 2010.
With on-going research and development of proprietary technologies for waste recovery and clean-coal gasification, entering into large scale biofuel production is a major step forward into fulfilling GCE's mission of being a fully integrated renewable Energy company, creating new jobs and new sources of sustained economic development within the State of Texas and the continental United States.
Global Clean Energy is a green, clean, renewable energy company, focused on acquiring, recovering, and processing environmental waste into usable sources of energy, processing and growing algae and jatropha into biomass fuel. What began seven years ago as a venture to investigate the potential of cleanly processing organic waste into synthetic fuel has led to the development of proprietary technologies and partnerships with world leaders such as UK Coal, Cascades Engineering and Projects, and Concordia University.
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act 1933 and Section 21B of 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 the GCEI and its business.
A number of these risks and uncertainties are described in GCEI's periodic reports filed with the Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and reader should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. The GCEI 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 ENERY INC.
Investor Relations
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