Global Energy, Inc. (fka GEYI)

[SuperSquirrel]

GEYI.OB $.038 speculative buy...

Trying to do my DD on this company. With the convertible situation now under control and the deal with Covanta, it has become interesting.

Don't be confused when you do your DD. GEYI.OB chose a terribly generic name and if you Google, Global Energy Inc, you will find a dozen companies and none of them are GEYI (at least not in the first two pages). That leads to lots of wrong impressions as there are many companies using the same or similar name.

What I have found here is a simple Israel company that has an exclusive joint agreement with Alphakat to market their waste to diesel patented process in the USA and a pending deal with Covanta.

They are a reporting BB company with a very low market cap (especially if the deal with Covanta is positively completed).

6-12 months was estimated for testing at the Covanta Massachusetts plant which started June 2010 so news could come at any time. I am encouraged by the news in Dec 2010...

http://global-nrg.biz/blog/?p=224

because Covanta offered to pay for more of the costs while obtaining expanded "rights" to Alphakat which indicated to me that Covanta must be pleased with the KDV process that they had already been testing for months.

While GEYI as a company has a limited history, AlphaKat and Covanta have extensive history in this field and appear to be a good fit for each other, IMHO.

http://rohrerinternational.com/muell/Project_Information-Englisch.doc

http://gulfnews.com/business/general/solar-power-takes-its-place-in-the-sun-1.743031

AlphaKat History
• After long term research in the field of catalytic reaction in hot oil atmosphere the break trough of the synthetic production of diesel from waste in 3 minutes reaction time in a high speed turbulence system.
• Production of high quality diesel for nearly all organic residue in quality level higher than the available quality.
• Production costs of 0,23 €/l (catalyst cost of 0,03 €/l) in the small size reactor KDV 500 and lower in a bigger size.
• No environmental impact with the ion-exchange catalyst with separation of the poison substances in form of salt and crystallized adsorber.
• Environmental protection as a basis for fuel production and creation of employment.


Milestones in the Development of the Process by the Inventor
1971
Invention of special catalytic converters (cracking carburettors)
1972
New environmental-friendly fuels and conversion process (Mobil Oil process)
1981
Start of oil conversion development (Orinoco)
1998/ 1999
Test plant in Puchan / Korea
2000
Plant at Neuensalz
2004
KDV 500 Monterrey / Mexico
2005
KDV with turbine
2006
Spain / Italy
2007
Bulgaria
2008
Hoyerswerda KDV 500
2009
Tarragona KDV 1.000
2009
Start to produce KDV 5.000 (5 t/h)
________________________

One potential competitor has made claims in the past that they can produce a much cheaper system however the last plan they offered was for "joint revenue" projects where they would keep a large percentage of the fuel profits produced so it is not a simple comparison because it is a completely different business model (I guess it would be hard to sell a system if you did not own the critical patents that made your system unique).