HOUSTON, TX--(Marketwire - Nov 12, 2012) - Global Clean Energy, Inc. (
The company through its Grant Division is completing applications to the Rural Development Guarantee Program, the Rural Energy for America Program and the Biomass Crop Assistance Program. Likewise, in each state it is the intention of GCEI to seek state assistance for the local governmental units involved.
"We at Global Clean Energy, Inc. believe that this is the first project that develops feedstocks for renewable energy which involves all three levels of government, helps with job creation, provides revenue for local governments and with our University alliances will truly provide groundbreaking research for future feedstock development," said Kenneth Adessky, CFO.
Further, the company hopes the acquisition of Houston Industrial Materials will finalize before year end. HIM supplies not only revenue but the transportation component of the company's feedstock plan.
Global Clean Energy, Inc. is a waste-to-energy conversion solutions company, focusing on 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.).
Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain section 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.