HOUSTON—Global Clean Energy Inc., a waste-to-energy alternative fuels company, has signed a long-term agreement with Liberty Tire Recycling for Liberty Tire to provide tire chips as feedstock for a pending pyrolysis facility.
“The supply agreement allows GCE to move forward with their planned tires-to-fuel project which will convert tires, through proven pyrolysis gasification technology, into transportation fuel and tire-derived carbon char,” said GCE in a release.
According to GCE, the new plant will use the equivalent of more than 800,000 scrap tires annually to produce some 1.5 million gallons of fuel. This is the first of several tires-to-fuel facilities GCE plans to build in North America, the company said.
Liberty Tire has contracted to begin supplying tire chips as soon as the GCE plant is operational, according to Kenneth S. Adessky, GCE chief financial officer. But it is premature to say when that will happen, or even where the facility will be located, he said in a telephone interview.
“We're in final negotiations with the municipality where the plant site is located,” Adessky said. “In a couple of weeks a team from GCE will go down to meet with municipal officials, and at that time we hope to gain final approval of the deal.”
According to the company, GCE is developing waste-to-energy conversion sites, using developed and acquired technologies to convert scrap tires and plastics into commercially viable energy. The company calls its conversion technology Reforming Environmental Salvage into Clean Usable Energy.
GCE is also a leader in the recovery of platinum group metals, the company said.
On Aug. 29, GCE said on its website it had signed an extension of its letter of intent to purchase a ferrous metal company in the southeastern U.S., and said it expected to close on the acquisition in the fourth quarter of this year.
Also on that date, GCE said it had increased its authorized common shares to 750 million to allow for future expansion if necessary. This increase did not dilute existing shareholders, it said.