Global Clean Energy Inc. Finalizing Feedstock Agreement and Land Lease
HOUSTON, Sept. 14, 2021 -- Global Clean Energy, Inc. (OTC PINK: GCEI) is currently in the final stages of negotiations of a feedstock agreement and a land lease, which shall enable the company to proceed with the building of a waste to fuel facility in the Southeastern United States. Upon successful execution of the agreements, the company will be able to finalize its capital deck, and start ordering equipment for the pyrolysis facility, which will convert waste tire to Oil and Recovered Carbon Black. The company looks forward to being able to order the equipment in the first quarter of 2022, with a commissioning date nine months later.
"Global Clean Energy is excited to conclude the negotiations with its feedstock supplier, which will allow it to proceed with its business plan and start the build out of its facility," stated Steven Mann, president of GCEI.
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SOURCE Global Clean Energy, Inc.