ALGF’s Pilot prototype and Full-Scale model, with Proof of Concept Pilot to Scale Production Validation Report were completed in 2010. The Company’s Algapond was completed in January 2012.
Currently, the leading producers of Algal Biomass utilize outdoor systems of ponds each of which can be up to 1,000,000 gallons large, covering almost an entire acre. The most efficient of these outdoor systems are able to produce approximately 150,000 pounds of Algal Biomass per year (per acre). Although effective, these systems are not necessarily consistent or efficient as they rely heavily on water and temperature, which can be difficult to control given the unpredictability of weather.
Algae Farm’s indoor Algapond system enables production in excess of 10 times the Algal Biomass than outdoor systems using the same amount of space. The average outdoor pond used 1,000,000 gallons of water, while Algapond systems can achieve this with only 90,000 gallons. The Algapond system is versatile and will also allow for the extraction of the Algae Oil from the Algal Biomass resulting in both sellable Algal Oil and Residual Biomass.
The alliance has as the objective to produce commercial volumes of Jatropha, Algae and switchgrass. Furthermore both companies believe that through application of ALGF’s tested system and refinements by GCEI, feedstock will be able to be grown profitably anywhere in the world where power, water and indoor or outdoor controls are available.
With this alliance in place, GCEI is in position to begin commercialization of feedstocks at locations which are being developed by the company.
Global Clean Energy, Inc. is a waste-to-energy conversion solutions company, focusing on using available and developing technologies to convert waste into commercially viable energy, a process the company refers to as Reforming Environmental Salvage into Clean Usable Energy (R.E.S.C.U.E.).
Statements in this release may be regarded, in certain instances, as “forward-looking statements” pursuant to certain section 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 GCEI 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. GCEI will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.