Camelina on the move: Global Clean Energy Holdings acquires Sustainable Oils

Signature camelina developer acquired by GCEH in non-cash transaction, as 2011′s wonder feedstock takes a step forward

In California, Global Clean Energy Holdings announced that it has acquired Sustainable Oils, a leader in Camelina genetics and production. The acquisition includes 100% ownership interest of Sustainable Oils and the ownership of the key intellectual property and operational assets. Camelina is the only non-food based crop approved by the EPA as an advanced biofuel, which includes renewable jet fuels, for RIN generation.

The deal points and impact
Global Clean Energy Holdings acquired Sustainable Oils, LLC and the related assets from Targeted Growth, Inc., a Washington based crop biotechnology company focused on developing products with enhanced yield and improved quality for the agriculture and energy industries, and the other minority owner of Sustainable Oils for 40,000,000 shares of GCEH’s common stock, and a $1,300,000 secured promissory note. GCEH acquired Sustainable Oils subject to certain operating liabilities accrued in Sustainable Oils prior operations.

… Full text: www.biofuelsdigest.com/bdigest/2013/03/14/camelina-on-the-move-global-clean-energy-holdings-acquires-sustainable-oils/

Tags: non-food based, jet fuel, biofuels, Renewable Fuels Standard, biomass-based diesel, cellulosic biofuel, proteins, fibers, resins, adhesives, coatings, rapeseed, sunflowers

Source

BiofuelsDigest, 2013-03-14.

Supplier

Boeing
Global Clean Energy
Honeywell
Kansas State University
National Center for Agricultural Utilization Research
Neste Oil
Sustainable Oils
Targeted Growth Inc.
United States Environmental Protection Agency (EPA)
UOP
US Department of Agriculture (USDA)
US Food and Drug Administration (FDA)

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