Global Clean Energy, Inc. (OTC-PINK: GCEI) is a waste-to-energy alternative fuels company with offices in Texas and Montreal and is a public company trading on the OTC Markets.
Global Clean Energy's primary business is developing build-own-operate waste-to-energy conversion sites, 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)
GCEI has developed an alternative fuels aggregation model for mid-sized waste-to-energy conversion solutions and timeline for entering into the multi-billion dollar industry.
Market growth at only 3% of total fossil fuels represents a market size of over $100 billion with growth at 8.2% annually through 2014.
GCEI focuses on proprietary technology that thermally decomposes material in an oxygen-free, externally heated reaction vessel using a temperature and pressure controlled environment.
- Plant/equipment designed to operate 24/7/310 days to achieve maximum capacity.
- Modular and scalable to accommodate larger capacity needs
- Minimal emissions to the environment - considered a "low emitter"
Technology and Thermal Pyrolysis Process Overview
Pyrolysis heats up carbon-based materials in the absence of oxygen - sometimes using a catalyst of some kind in addition to heat - to decompose them into other products. Pyrolyzing plastics generally produces a liquid fuel, a gas product, ash, char and some other byproducts. The resulting liquid fuel can be refined into a variety of different fuels such as gasoline or diesel, while the syngas can be burned to drive a generator.
Systems are based on 20 ton module designed to convert approximately 6,600 tons of mixed waste plastic annually, specifically targeting polyethylene and polypropylene, to produce in excess of 3.1million gallons of liquid fuel including diesel. Plastic waste is continuously treated in a cylindrical chamber and the pyrolytic gases condensed in a specially-designed condenser system to yield predominantly straight chain aliphatic hydrocarbons with little formation of by-products. These hydrocarbons are then selectively condensed and cleaned further to produce the average carbon chain length required for distillate fuel. The plastic is pyrolized at 370 ºC-420 ºC and the pyrolysis gases are condensed in a 2-stage condenser to produce a low-sulfur distillate. (Pyrolysis is a process of thermal degradation in the absence of oxygen.) The system consists of stock in-feed system, pyrolysis chambers, contactors, distillation, centrifuge, oil recovery line, off-gas cleaning, and residual contamination removal. Waste plastics are loaded via a hot-melt in-feed system directly into the main pyrolysis chamber. Agitation evens the temperature and homogenizes the feedstock's. Pyrolysis then commences and the plastic becomes a vapor. Non-plastic materials fall to the bottom of the chamber. The vapor is converted into the various fractions in the distillation column. The distillates then pass into the recovery tanks. From the recovery tanks, the product is sent to a centrifuge to remove contaminants such as water or carbon. The cleaned distillates are then pumped to the storage tanks.
The Company is finalizing multiple agreements in prime markets with major waste plastics and waste tire suppliers to acquire the rights to install pyrolysis systems, systems which allow for the waste plastics and tires to be converted into alternative, low emission fuels such as diesel, and syngas, on their facilities.
Each of the feedstock operations has numerous sites available to the Company which will increase Global Clean Energy's development pipeline of multiple projects extending into the next decade. GCEI partners with Fortune 500 companies as capital partners, project development partners and EPCs providing performance guarantees to our renewable energy projects.
Projects include the design and build of process skids, automation architecture, software, power control and engineering and start-up services. Plants convert mixed waste plastics into synthetic fuels that are cleaner and low in sulfur. GCEI has the ability to deliver scalable, complex solutions on a global level.
Dr. Earl Azimov, Chief Executive Officer
Dr. Earl Azimov has been the Chief Executive Officer and President of Global Clean Energy, Inc. since April 30, 2009.
Dr. Azimov served and co-founded Miazzi Ventures Inc. where he has assumed leadership roles in early stage companies since 1996, including Mamma.com, which was sold in 1999 for an eight-figure valuation.
In addition, from 2002 to 2006, Dr. Azimov was the co-founder and Director of Business Development for GospelCity.Com, Inc. He has 20 years of private equity experience, focusing on seed capital investments in startup companies. From 1992 to 1995, Dr. Azimov was the President of Zellers Optical Centers, a company he co-founded that employed over 70 optometrists and 200 support personnel that was later sold to National Vision Associates of Atlanta, who operated the Wal-Mart Vision Centers.
He served as the Chairman of Global Clean Energy, Inc. from August 2006 to April 30, 2009 and he has been a Director of Global Clean Energy Inc. since August 29, 2006. Dr. Azimov has a Bachelor of Science from the University of South Carolina and a Doctorate of Optometry from the University of Montreal School of Optometry, in Montreal, Quebec, Canada. His most recent accreditation is being recognized as a commodities trading advisor (CTA).
Kenneth Adessky, Chief Financial Officer
Mr. Adessky has been our Chief Financial Officer, Secretary and a Director since August 2006.
Mr. Adessky is currently a Senior Partner of Adessky Lesage, a corporate commercial law firm located in Montreal, Canada that he co-founded in 1995. As a Senior Partner, Mr. Adessky focuses his legal practice on private and public financings, mergers and acquisitions and public offerings of small capital public companies. Over the past decade, Mr. Adessky has completed in excess of $100 million dollars of financing.
Mr. Adessky received his Bachelor of Civil Law from McGill University in Montreal, Quebec, Canada in 1990.
Brian Levine, Chief Operating Officer
A 30 year business background in senior officer roles on behalf of private equity interest in diversified industries: Green/Cleantech, waste to energy, manufacturing/distribution), plastics, US wholesale/retail distribution, international trading and IP/IT.
Well versed in the renewable energy, bio plastics and alternative fuels industries with extensive experience in capital markets, international marketing, business and corporate strategy, market positioning, development and execution.
A Cleantech pioneer in BTPS perimeter power wind turbine technology. Recognized for developing industry first; Forced Air Recovery (F.A.R.) platform, integrating wind turbines into air handling equipment including evaporative coolers and other mechanical forced air sources for energy recovery.
COO with Global Clean Energy, Inc. 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.). Responsible for implementing GCE's stringent aggregation infrastructure model for the alternative fuels industry.
Active advisory to a number of private equity and venture funds.
Steven R. Mann, Chief Development Officer
Steven R. Mann has a solid background in renewable energy projects dating back to the mid 1980s. At this time, he championed a 3rd-party funded solar technology which allowed condominium communities to leverage solar energy without any upfront investment. From this implementation, these communities enjoyed a shared savings program which saved up to 15% on the energy bills. Some of those solar systems are still currently in operation.
Mr. Mann founded MicroEnergies in 2007 to fill the niche of smaller on-site waste-to-energy projects. He currently is developing alternative energy projects that would convert waste tires and plastics into fuel and carbon char. Mr. Mann has proven his skill in business and leadership at executive levels, through managing over 200 employees, which built a family business into one of the nation's largest companies in its category. He successfully sold the company to private equity in early 2007.
MicroEnergies currently has numerous waste to fuel projects in development. Some of these include feedstock agreements for waste plastics and waste tires using proven conversion technologies that will convert the waste into high value marketable fuel. As well, there exist off-take agreements for gasoline, naphtha, diesel and jet fuel. MicroEnergies has merged with GCEI to accelerate the development of energy projects in their development division.
GCEI Stock Chart:
GCEI Share Structure
|Market Value1 ||$1,941,573 ||a/o Apr 08, 2013 |
|Shares Outstanding ||67,415,721 ||a/o Sep 30, 2012 |
|Float ||Not Available |
|Authorized Shares ||500,000,000 ||a/o Aug 15, 2012 |
|Par Value ||0.001 |