Waste-to-fuel producer concluding acquisition of PGM auto catalyst recovery business.
Global Clean Energy Inc., Houston, announced it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).
GCE plans to build, own and operate fully vertically integrated smelting and refining operations in the platinum group metals (PGM) auto catalyst recovery business and end-to-end waste to fuel operations in the alternative fuel industry. GCE says the federal government's recent announcement to create a $4 billion dollar pool of loan guarantees for the renewable energy sector is a good indication of the growth expected in the alternative energy industry.
GCE is concluding an acquisition in the PGM industry. GCE's PGM recovery from used auto catalysts will be a high-volume and highly profitable business, according to the company. GCE's PGM recovery incorporates what the company describes as world leading smelting and refining technologies.
GCE's other operation in the waste-to-fuels market is focused on end-of-life tires and plastic. As is the case with all GCE investments, the company says the technology has to be commercialized worldwide with secure feedstock, off-take and site control firmly in place.
Brian Levine, COO stated, "We are in the proven, packaged technology business. The company utilizes best available technologies worldwide and has little appetite for technology risk. The form 10 filing is another strategic milestone and indicator of GCE's plans to aggressively grow the company."
|The Form 10 Filing is automatically effective 60 days after filing. A copy of the Form 10 Registration Statement is available for review at www.sec.gov under the name Global Clean Energy and at the company's website: www.globalcleanenergy.net.