Global Clean Energy Holdings (GCEH)

Energy

BWS Financial

Is in the final stages of turning a crude oil refinery into a renewable fuel refinery utilising camelina as its primary feedstock - GCEH has a patented camelina seed for refining into renewable diesel approved by the California Air Resources Board, making GCEH vertically integrated. The company has also obtained a product offtake and purchase agreement with Exxon Mobil for nearly all the production from its under-construction refinery, scheduled for commercial production later this year. The Series C Preferred funding completed last month gives GCEH capital to finish construction. It also makes XOM financially invested in GCEH. TP $7.55 (55% upside).

- 18 March, 2022