Global Clean Energy Holdings, Inc. is a Bakersfield-based renewable energy company founded in 2007, operating a vertically integrated "farm-to-fuel" business model using Camelina sativa cultivation for biodiesel and renewable diesel production. The company generated approximately $26 million in revenue from its Bakersfield Facility in 2024. With over 150 employees, the company and its affiliates filed for Chapter 11 protection in Texas Southern on April 16, 2025 (Case No. 25-90113) before Judge Alfredo R. Perez. At filing, the Debtors had approximately $2.13 billion in funded debt, including a $1.096 billion senior secured term loan from Orion Infrastructure Capital at 15%, approximately $949 million in CTCI secured EPC obligations (supported by a mechanic's lien), a $39.1 million revolving credit facility from Vitol at 12.5%, and various other notes. The filing followed persistent delays and cost overruns in Bakersfield Facility construction, the termination of offtake agreements with ExxonMobil, and declining RIN and LCFS credit prices. The Debtors secured a $175 million DIP facility comprising a $100 million RCF and $75 million term loan at 12.5% interest. A reorganization plan was confirmed on July 28, 2025 and became effective August 12, 2025. The company emerged as Grapevine Energy Holdings, LLC. A GUC Trust was established for unsecured creditor distributions. A final decree closed 14 affiliate cases on August 15, 2025.
