Targeted Growth Spins Out Camelina Biofuels Producer Sustainable Oils

Sustainable Oils, formed in 2007 by Seattle’s Targeted Growth and Texas-based Green Earth Fuels with a goal of producing camelina-based biodiesel, has been acquired by Global Clean Energy Holdings.  Targeted Growth “and the other minority owner of Sustainable Oils” were paid 40 million shares of Global Clean Energy Holdings (GCEH) stock—worth about $800,000 based on Friday afternoon OTC trading—and a $1.3 million promissory note.

Read the full story at the Source:  Benjamin Romano, Xconomy, March 15, 2013.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.