Global Clean Energy Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 03:00 pm EDT
Share
Global Clean Energy Holdings, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net loss was USD 17.16 million compared to USD 8.22 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to USD 0.23 a year ago.
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.
GLOBAL CLEAN ENERGY HOLDINGS, INC. 
