PR Newswire | Aug 18, 2021 11:32AM EDT

Facility

08/18 10:31 CDT

GLOBAL CLEAN ENERGY INC. Finalizing Due Diligence to Acquire Waste to Fuels Facility HOUSTON, Aug. 18, 2021

HOUSTON, Aug. 18, 2021 /PRNewswire/ -- Global Clean Energy, Inc. (OTC PINK: GCEI). Global Clean Energy, Inc. is currently in final due diligence on their first acquisition to purchase an existing tires-to-fuels plant. Upon successful completion of due diligence, and acquisition and upgrade of the facility Global Clean Energy will become one of the largest producers of Recovered Carbon Black in the world.

Since its inception in 2007, Global Clean Energy, Inc. has focused on the waste-to-fuel market, including the development of a pyrolysis reformation system with the goal of Reforming Environmental Salvage into Clean Usable Energy (RESCUE). "The synergies between the existing facility and GCE align perfectly. This will allowing GCEI to deliver on its RESCUE mission," stated Steven Mann, president of GCEI.

Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain sections of the Securities Act 1933 and the Securities Exchange Act 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting Global Clean Energy, Inc. and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein. Global Clean Energy Inc. will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

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SOURCE Global Clean Energy, Inc.