GCE Mexico Purchases Land for Jatropha

Global Clean Energy Holdings, Inc. has acquired approximately 5,000 acres of land in the Mexican State of Yucatan through its subsidiary GCE Mexico I, LLC. The property will be used for the cultivation of Jatropha curcas. When fully planted the land will be home to over 4.0 million Jatropha trees, which will produce seed oil and biomass for more than 30 years, according to the company.

“The acquisition of this land puts us right on track with our business plan for the commercialization of Jatropha in Latin America,” said Richard Palmer, Chief Executive Officer of Global Clean Energy. “This land has the ideal climate to grow Jatropha and keeping with our corporate philosophy, has never been used for agriculture or food production. We have already begun preparing the land for planting and will have plants in the ground this month.”

GCE Mexico I, LLC is a 50-50 joint venture between two Los Angeles businessmen who’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, Inc. manages the operations of the corporation and consolidates the results for financial reporting purposes.
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