Conversion technology company’s projects continue to make progress.
Houston-based Global Clean Energy Inc. (GCE) has recently added Hakim Zahar to serve as chief scientific officer and William Hongchang to oversee quality and management engineering in China.
Zahar has more than 35 years of experience in the clean energy and environment sectors, having implemented more than 400 successful programs/projects worldwide. Most recently, Zahar has worked with the International Finance Corporation (IFC) - World Bank Group as Program Manager (STC) to develop a resource efficiency programs in the Southern Hemisphere.
Hongshang will manage the operations and procurement between GCE and its Chinese suppliers.
"In their short time with the company Hakim and William have proved invaluable as the engineering demands on the firm have grown exponentially" says Earl Azimov, CEO of GCE.
GCE says it is contracting with technology providers in Asia and Europe where investment, R&D and advances are leading the world markets. GCE says it expects an agreement to be in place with a leading Chinese pyrolysis group in the third quarter with systems destined to its operating sites in North America. GCE plans to build the first dual-line end-of-life plastic and tire pyrolysis operation in the Southeast U.S.
"GCE has systematically modeled and evaluated 5 distinct business units over the last 12 months on route to $24 million of investment to be made this year," says Brian Levine, COO of GCE. "The company has followed stringent capital management criteria limiting its technology exposure by focusing on systems with a broad and proven install base, strict IRR (internal rate of return), absolute site control and off-take revenue agreements into stable commodity markets."
GCE says it will develop a plastic and tire pyrolysis site and a platinum-group metals (PGM) plasma arc recovery site in 2014, operational in 2015.The company expects revenues in 2015 to exceed $80 million. GCE is also evaluating an acquisition to accelerate time to market in the PGM industry.
GCE focuses 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.).