Global Clean Energy, Inc. Commences Testing on Auto Shred Residue
(firmenpresse) - HOUSTON, TX -- (Marketwired) -- 06/13/13 -- Global Clean Energy, Inc. (PINKSHEETS: GCEI) (the "Company") is an alternative fuels development company focusing on waste-to-energy conversion, 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).
Facilities in the US are now allowed to recycle plastics separated from automobile shredder residue, according to the EPA's new interpretation of existing regulations. The EPA banned the manufacturing, sale and distribution of PCB products in US in 1979.
"EPA has concluded that the costs associated with the strict prohibition on PCB activities are large and outweigh the risks posed by these activities," reads the notice. "The technologies for separating and recycling the plastics are already being employed in Europe and Asia, and the agency's action will now allow similar investments to be made here in the U.S., instead of overseas."
GCEI is in the process of sending ASR fluff to Argonne National Laboratory for quantification and analysis to determine the appropriate sorting technology required. Presently the company is finalizing due diligence on three systems. The results will allow GCEI to start ordering state of the art sorting equipment. The ASR emanates from one of the nation's largest auto shredding firms.
"This is the first step in the recycling process. We are eagerly awaiting the results so that GCE can commence with sorting operations followed by several conversion processes involving fuel and high end polymers," says Steven Mann Chief Development Officer of GCEI.
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 GCEI 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. 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 ENERGY, INC.
Investor Relations
713-852-7474
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Datum: 13.06.2013 - 06:30 Uhr
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