Global Clean Energy, Inc, the industry's most diversified feedstock aggregator, reaches an agreement to develop Nova ReNew's ...
23 August 2013 - 12:50AM
OTC Markets
HOUSTON,
TX--(Marketwire
-August 22, 2013) - Global Clean Energy, Inc. (OTC PINK: GCEI)
confirms that it
has reached an agreement with Nova ReNew Inc. of Halifax, Nova
Scotia, for the
development and financing of a plastics to fuel plant, utilizing
pyrolysis
technology.
Today's
agreement makes
GCE the co-developer of a turn-key plastic to fuel plant that will
consume
6,000 tons of End of Life plastics annually, and convert it into a
high value
fuel.
The Plastics to Oil plant will be the largest of its kind in
Atlantic Canada,
and will serve as a showcase for the North American
market.
Global
Clean Energy,
Inc. will partner with Nova ReNew Inc. and provide financing for
the proven
technology, the plant, and operations. Nova ReNew Inc. will provide
complete
oversight, operations and maintenance of the operation.
"We have
been in
discussions with Nova ReNew Inc. throughout the past year and today
marks a
significant milestone in our talks," said Brian Levine, GCE's
COO."The Nova ReNew group has been working closely with
government
officials, feedstock suppliers, engineering, and procurement groups
for the
past two-years; creating perfect conditions for one of our plants.
We value
Nova ReNew's project development capability, knowledge of local
environment
issues, and process knowledge. Further, we believe we will jointly
deliver an
efficient and effective world class, End of Life plastics solution
driven
industry."
Nova
ReNew Inc. has
assembled a dynamic, respected and capable management team that has
experience
in direct construction, design, and supervision of $100,000,000
projects
including paper mills, electricity generation facilities, and solid
waste
management facilities. The group also has extensive knowledge in
establishing
recycling programs in Nova Scotia and in the Caribbean. VP of
Government
Relations for Nova ReNew Inc., the Hon. Wayne Adams, said, "Our
operational experience allows for seamless transition from
construction to
operational support." Adams added, "GCE is the only firm we've
found
in North America whose business model is to partner with developers
to
accelerate site development, engineering and finance, ensuring
management is
both directly accountable, while maintaining a strong equity stake
based on the
business units performance; and we plan to make this new industry
one that Nova
Scotians will be proud of."
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 not locked into
a given
technology or single platform which would limit its development
scope. As
technology options throughout the world continue to develop at a
rapid pace,
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. was
recently established by 4 industry veterans; namely Dietmar
A.M. Tholen,
Dipl.Ing. (FRG/RFA) President, DAM Tholen ECO Resource Management
Inc. (former
EUROCAN Waste Management Ltd), and a pioneering-leader in Solid
Waste
Management systems for Nova Scotia, Dr. Wayne Adams, C.M.,
ONS, C.C., a
veteran entrepreneur, former Municipal politician, and a former
Nova Scotia
minister of the environment, Chief Executive Officer Adams
Management
Group, Scott Travers, P. Eng. Past President and Chief
Operating Officer
Minas Basin Pulp and Power Co. and Newton Falls Fine Paper, and
owner of
DSquare Consulting Inc. of Halifax, William Porter,
M.Sc., President,
Business Development Adams Management Group, and a former NASA
employee,to
combine the groups (6) years of site and feedstock rights for
practical, cost
effective conversion of municipal solid waste streams into value
added
products. Nova ReNew was established to manage the group's
properties,
grants and Expanded Polystyrene (Styrofoam) volume reduction
intellectual
property.Nova ReNew Inc. was recently established by 4 industry
veterans;
namely Dietmar A.M. Tholen, Dipl.Ing. (FRG/RFA) President,
DAM Tholen ECO
Resource Management Inc. (former EUROCAN Waste Management Ltd), and
a
pioneering-leader in Solid Waste Management systems for Nova
Scotia, Dr.
Wayne Adams, C.M., ONS, C.C., a veteran entrepreneur, former
Municipal
politician, and a former Nova Scotia minister of the environment,
Chief
Executive Officer Adams Management Group, Scott
Travers, P.
Eng. Past President and Chief Operating Officer Minas Basin Pulp
and Power Co.
and Newton Falls Fine Paper, and owner of DSquare Consulting Inc.
of Halifax,
William Porter, M.Sc., President, Business Development Adams
Management
Group, and a former NASA employee, to combine the groups
(6) years of
site and feedstock rights for practical, cost effective conversion
of municipal
solid waste streams into value added products. Nova ReNew was
established
to manage the group's properties, grants and Expanded Polystyrene
(Styrofoam)
volume reduction intellectual property.
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
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