Replies to post #1740 on Global Clean Energy Holdings Inc (GCEH)

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Global Clean Energy to Present at Stifel and Cowen Investor Conferences in June
June 6, 2022 (BusinessWire)

Global Clean Energy Holdings, Inc. today announced that Founder and Chief Executive Officer Richard Palmer and President Noah Verleun will present a corporate overview at the Stifel 2022 Cross Sector Insight Conference on June 9, 2022 and participate in a fireside chat at the Cowen Next-Gen Fuel Summit on June 16, 2022. Both events will be available for virtual public viewing.

Stifel Cross Sector Insight Conference Time: Global Clean Energy's presentation will take place from 10:55 to 11:25 a.m. EDT on June 9. Webcast: Click this link to view the livestream.

Cowen Next-Gen Fuel Summit: Renewable Diesel and SAF Time: Global Clean Energy's fireside chat will take place from 12:00 to 12:45 p.m. EDT on June 16. Webcast: Click this link to view the livestream.

About Global Clean Energy

Global Clean Energy Holdings, Inc. (OTCQB: GCEH) is a vertically integrated renewable fuels business that is focused on reducing carbon emissions sustainably through our proprietary nonfood camelina varieties - delivering among the lowest carbon intensity renewable fuel in the marketplace. GCEH's strategy since its inception has been to control the full integration of the renewable fuels supply chain from science to seed and farm to fuel. We aim to operate the development, production, processing, and transportation of feedstocks to the refining and production of renewable fuels. We process our proprietary nonfood camelina feedstock in our Bakersfield, California renewable fuels refinery, yielding a renewable diesel that is chemically identical to petroleum diesel, but with 80+ percent lower carbon emissions. Our proprietary camelina varieties are the only nonfood renewable feedstock on the market certified for both the U.S. EPA's Renewable Fuel Standard and California's Low Carbon Fuel Standard. More information can be found at www.gceholdings.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005782/en/

SOURCE: Global Clean Energy Holdings, Inc.



Amanda Parsons DeRosier
562-233-5146
[e-mail]

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GCEH 8K today: Entry Into a Material Agreement.

On January 10, 2023, Bakersfield Renewable Fuels, LLC (“BKRF”), an indirect wholly-owned subsidiary of Global Clean Energy Holdings, Inc. (“we,” “us,” “our” and the “Company”) entered into Amendment No. 2 (the “Amendment”) to that certain Turnkey Agreement with a Guaranteed Maximum Price for the Engineering, Procurement and Construction, dated May 18, 2021 (as amended, the “EPC Agreement”), by and between BKRF and CTCI Americas, Inc. (“CTCI”).

Pursuant to the Amendment, BKRF and CTCI agreed to, among other things: (i) a new Guaranteed Maximum Price of $275 million (subject to adjustment pending final settlement of certain change orders pursuant to the procedures set forth in the Amendment) (the “New GMP”); (ii) a change to the payment dates for costs and fees that are payable to CTCI under the Agreement, which will now be payable after substantial completion of our Bakersfield Renewable Fuels refinery (the “Project”) in 18 monthly installments plus interest, except for amounts pertaining to owner approved change orders in am ounts above $275 million which would be due within 7 days of any such change orders unless agreed by BKRF and CTCI to be included in the deferred payment ; and (iii) provide for liquidated damages commencing on a new substantial completion date of March 31, 2023, which may only be adjusted in accordance with the Agreement. In connection with the Amendment, the Company agreed to provide a payment guarantee in favor of CTCI for amounts that may be owed by BKRF under the EPC Agreement, pursuant to an Owner Parent Guarantee, dated as of January 10, 2023, by and between the Company and CTCI (the “Guarantee”).

The foregoing descriptions of the Amendment and the Guarantee and are qualified in their entirety by reference to those agreements, copies of which are filed hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.

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