Profile: Global Clean Energy Holdings Inc (GCEH.PK)
2 Dec 2013
Global Clean Energy Holdings, Inc. (GCEH), incorporated on July 13, 2010, is an energy agri-business focused on the development of non-food based bio-fuel feedstock. GCEH has development and operations capabilities, which it provides to its own Jatropha farms and to third parties. As of December 31, 2011, the Company’s principal business activities included planting, cultivation, harvesting and processing of Jatropha, to generate seed oils and biomass for use in the bio-fuels industry, including the production of bio-diesel and green diesel. During the year ended December 31, 2011, the Company acquired an additional 5,557 acres in Mexico, thereby increasing its farm acreage by over 54%. In October 19, 2011, GCE Mexico, a subsidiary of the Company acquired another 5,557 acres for the development of a third Jatropha farm. In March 2013, the Company announced that it has acquired Sustainable Oils, LLC.
The Company owns and operates Jatropha farms for its own account. It owns, operates and manages three Jatropha farms located in Mexico under joint ownership arrangements: The first farm comprises 5,149 acres; the second farm is approximately 5,100 acres, and the third farm is 5,557 acres. The first two farms have been fully planted, and the first farm is expected to produce quantities of Jatropha in 2012. Provide Jatropha farm development and management services to third party owners of Jatropha farms. In 2011 it provided advisory services for proposed Jatropha farms located in Mexico, the Caribbean, Central America, South America and Africa, and we will seek to expand this initiative in the current fiscal year.
The Company has two farms, one in Belize and one in Mexico. The Belizean farm is located in Teakettle, Cayo, Belize. The farm has an operating nursery capable of producing seedling and rooted cuttings and provided technical advisory services for the propagation of the Jatropha plant. The second farm is located in Tebec, Mexico, which is approximately 10 kilometers south of Merida, Mexico. It is located on leased land. The Tebec farm is the Company’s research and development center, where it has propagated a number of varieties of Jatropha, collected from worldwide, including Mexico, Central America, Africa, India, Southeast Asia, Indonesia, South America and the Caribbean. As of December 31, 2009, GCEH owned two farms, through joint venture arrangements with third party financing sources. Its farm in Mexico has been prepared and planted with almost four million Jatropha trees. In addition, the Company has acquired and installed seed oil extraction equipment on-site to extract oil from the harvested seeds.
GCE Mexico I, LLC (GCE LLC) was organized primarily to acquire 2,000 hectares (approximately 5,149 acres) of land, directly or through subsidiaries, located in Tizimin, in the State of Yucatan in Mexico to be used primarily for the cultivation of Jatropha curcas, the marketing and sale of the resulting fruit, seeds, or pre-processed crude Jatropha oil, whether as bio-diesel feedstock, biomass or otherwise, and the sale of carbon value, green fuel value, or renewable energy credit value derived from activities at this Jatropha farm. In March 2010, GCE LLC acquired approximately 3,700 acres of additional land that is contiguous to its 5,149-acre farm for the development of a second Jatropha farm. GCE LLC acquired each of the Jatropha farms, through a Mexican subsidiary, in which GCE LLC owns a 99% interest, and the Company owns a 1% interest. As of December 31, 2009, the Company owned 50% of the issued and outstanding common membership units of GCE LLC. The Jatropha plant produces a fruit, containing three large seeds that contain 32%-38% oil content by weight. The non-oil components of the fruit, which represents 62%-68% of the total fruit, contains energy biomass (carbon values) that is a source of feedstock for a number of energy producing processes, including direct combustion, gasification, power production, and cellulostic ethanol (alcohol) production. 50% of the energy in the Jatropha seed resides in the biomass.
The Company competes with Valero, Van Der Horst Corporation, Mission Biofuels, D1 Oils and NRG Chemical Engineering.
Global Clean Energy Holdings Inc
Suite 650, 100 W. Broadway
LONG BEACH CA 90802