I'm In -
posted on
May 12, 2008 09:19AM
April 28, 2008
Global Clean Energy Holdings Forms Joint Venture With Accomplished Agricultural & Alternative Energy Entrepreneurs. The Venture to Acquire and Develop Land in Mexico to Grow Jatropha Trees.
LOS ANGELES--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCBB:GCEH) announced today that it has formed a 50-50 joint venture with Los Angeles Businessmen Stewart A. Resnick and Selim K. Zilkha, both highly accomplished entrepreneurs who have developed successful agricultural & alternative energy companies. The joint venture’s mission is to acquire and develop non-food based land in Mexico to grow Jatropha curcas and commercialize oil and biomass derived from its fruit and seeds. Global Clean Energy Holdings and the joint venture partnershave created a wholly-owned Mexican corporation to pursue these acquisition and development activities. Global Clean Energy Holdings, Inc. will manage the operations of the corporation and expects to consolidate the results for financial reporting purposes.''
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