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May 7, 2020

Global Clean Energy Holdings, Inc. Completes Project Financing and Acquires Alon Bakersfield Refinery

King & Spalding advised Global Clean Energy Holdings, Inc., a leading developer of ultra-low carbon intensity biofuels located in Torrance, California, on the close and funding of the acquisition, development and project financing of a renewable diesel and jet fuel biorefinery in Bakersfield, California.

The retooled facility will now produce 15,000 barrels per day of renewable diesel from proprietary camelina oil and other traditional biofuel feedstocks that will meet California Low Carbon Fuels Standard as well as the ASTM D975 diesel specs.