Global Clean Energy Holdings, Inc. (PK:GCEH)
Business Focus: Renewable Fuels
| Sector: Energy | Industry: Renewable Fuels |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2790 Skypark Drive, Suite 105 TORRANCE CA 90505 |
| Tel: | N/A |
| Website: | https://www.gceholdings.com |
| IR: | See website |
| Key People | ||
| Noah Verleun President, Interim Chief Executive Officer | Wade Adkins Chief Financial Officer, Senior Vice President, Chief Accounting Officer | Antonio Damico Senior Vice President, Chief Administrative Officer, General Counsel |
| Michael Karst Senior Vice President; President of Sustainable Oils, Inc | Ralph J. Goehring Senior Tax Advisor | |
| Business Overview |
| Global Clean Energy Holdings, Inc. is an integrated-renewable feedstocks and finished fuels company. The Company produces ultra-low carbon renewable fuels from patented nonfood camelina varieties. The Company is focused on the development and refining of nonfood-based bio-feedstocks and has an investment in several varieties of Camelina sativa, a low input and ultra-low-carbon intensity crop used as a feedstock for renewable fuels. Its product includes Renewable Diesel, Biofuels Oil Feedstock and Biomass Feedstock. Renewable diesel is made from the same feedstocks as biodiesel. The feedstock oil needed to produce renewable jet, biodiesel, renewable diesel and hydrotreated vegetable oil supplied from edible seed oils, including soy, canola, sunflower and palm. Camelina produces a co-product from the oil extraction process which is a non-transgenic high protein meal that has been tested and approved by the Food and Drug Administration (FDA) as a livestock feed for cattle and poultry. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Global Clean Energy Holdings, Inc. revenues increased 87% to $4.8M. Net loss increased 66% to $89.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Facilities expense increase of 40% to $27.5M (expense), General and administrative expense - Bal increase of 12% to $47.2M (expense). |
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