November 27, 2022

Global Clean Energy Holdings, Inc. (OTCQB:GCEH) has fallen sharply from its early 2021 highs, and investors are looking for a turnaround. The stock has been a big runner in 2020 and has been moving down since 2021.

In September, the company announced that the US Department of Agriculture (USDA) announced that Global Clean Energy Holdings had been selected to participate in the Partnerships for Climate-Smart Commodities grant program. The company has received up to US$30 million for a pilot project to measure and validate the benefits of camelina as an ultra-low carbon renewable fuel feedstock. In total, the program received over 450 applications for this first funding pool.

Global Clean Energy Holdings, Inc. (OTCQB:GCEH) is a vertically integrated renewable fuels company focused on sustainably reducing carbon emissions through proprietary, non-food camel varieties – delivering one of the lowest carbon intensity renewable fuels on the market. Global Clean Energy’s strategy since its inception has been to control full integration of the renewable fuels supply chain from science to seed and from farm to fuel. They aim to operate from the development, production, processing and transportation of raw materials to the refining and production of renewable fuels. Global Clean Energy processes its proprietary nonfood Camelina feedstock at our renewable fuels refinery in Bakersfield, California, resulting in a renewable diesel that is chemically identical to petroleum diesel but with over 80 percent lower carbon emissions. Global Clean Energy’s proprietary Camelina varieties are the only non-food renewable feedstocks on the market certified to both the US EPA’s Renewable Fuel Standard and California’s Low Carbon Fuel Standard.

GCEH is a uniquely positioned, vertically integrated renewable feedstock and finished fuels company. Our business model is designed to control all aspects of the value chain, with one end of our business anchored in plant science and the other in renewable fuel production. We hire farmers directly to grow our ultra-low-carbon, non-food crop of Camelina on fallow land for processing at our own renewable fuels refinery in Bakersfield, California (the “Bakersfield Renewable Fuels Refinery”). Once the 15,000 barrels per day (“BPD”) plant comes online in the second half of 2022, it will be leased to ExxonMobil Oil Corporation (“RD”) for at least five years to full renewable diesel (“RD”) production capacity. Sell ​​ExxonMobil”). ) through two long-term supply contracts.

Over the past 15 years, GCEH has developed a portfolio of proprietary elite Camelina sativa (“Camelina”) strains to be used as feedstock for the Company’s renewable fuels refinery, giving us raw material security unmatched in the industry. Our camelina has several advantages over traditional feedstocks such as soybean oil, which earn additional Low Carbon Fuel Standard (“LCFS”) credits through a lower Carbon Intensity (“CI”) rating and add significant value to our end products. As a fallow-grown rotary crop cultivated in arid regions, camelina does not interfere with food production and does not compete with other crops for scarce water resources. Farmland available for potential Camelina production in the Great Plains and Pacific Northwest totals 19 million acres. The result of our vertically integrated farm-to-fuel strategy is a highly sustainable, cost-effective and extremely low-carbon finished fuel.

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In September, the company announced that the US Department of Agriculture (USDA) announced that Global Clean Energy Holdings had been selected to participate in the Partnerships for Climate-Smart Commodities grant program. The company has received up to US$30 million for a pilot project to measure and validate the benefits of camelina as an ultra-low carbon renewable fuel feedstock. In total, the program received over 450 applications for this first funding pool.

Global Clean Energy holds the largest portfolio of Camelina patents and intellectual property in the world. Its wholly owned subsidiary Sustainable Oils, Inc. contracts directly with farmers to grow camelina in key regions of the United States, including Idaho, Colorado, Kansas, Montana, Oregon and Washington. Camelina grain is grown as a source for Global Clean Energy’s ultra-low carbon renewable fuels manufactured at the Bakersfield Renewable Fuels refinery in California.

Richard Palmer, CEO of GCEH, said: “Selection for this grant signals that the benefits of camelina as a low-carbon feedstock are undeniable. Camelina is a non-food crop grown on fallow land between traditional crop cycles to avoid contributing to land-use change, while producing ultra-low-carbon renewable fuels that serve as drop-in replacements for their petroleum-based alternatives. This USDA funding will help us accelerate the adoption of Camelina by farmers, which will improve soil conditions on existing farmland and help reduce the negative impacts of climate change.”

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Currently trading at a market valuation of $54 million GCEH has 42 million shares in outsand and 29 million shares in float. the company is moving and recently announced that the United States Department of Agriculture (USDA) announced that Global Clean Energy Holdings has been selected to participate in the Partnerships for Climate-Smart Commodities grant program. The company has received up to US$30 million for a pilot project to measure and validate the benefits of camelina as an ultra-low carbon renewable fuel feedstock. In total, the program received over 450 applications for this first funding pool. We’ll be updating on GCEH as more details emerge, so make sure you’re subscribed to Microcapdaily.

Disclosure: We are not long or short in GCEH and have not been compensated for this article.

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