----

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| UNITED STATES SECURITIES AND EXCHANGECOMMISSIONWashington, D.C. 20549 FORM 10-Q                                                                                                                                                                                                                                                                                                                         |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Mark One)x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                          |
| For the quarterly period ended June 30, 2011                                                                                                                                                                                                                                                                                                                                                                 |
| OR                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                         |
| o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                   |
| Commission file number0-12627                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                         |
| Global Clean Energy Holdings, Inc.                                                                                                                                                                                                                                                                                                                                                                           |
| (Exact name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                                       |
| DELAWARE                                                                                                                                                                                                                                                                                                                                                                                                     | 87-0407858 |
| (State or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                               | (IRS Employer Identification No.) |
| 100 W. Broadway, Suite 650Long Beach, California 90802                                                                                                                                                                                                                                                                                                                                                       |
| (Address of principal executive offices) (310) 641-4234                                                                                                                                                                                                                                                                                                                                                 |
| (Registrant’s telephone number)                                                                                                                                                                                                                                                                                                                                                                   |
| (Former Name or Former Address, if Changed Since Last Report                                                                                                                                                                                                                                                                                                                                            |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes x No o          |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes x No o  |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                           | Large accelerated filerNon-accelerated filer | oo | Smaller reporting companyAccelerated Filer | xo |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|----|--------------------------------------------|----|
| Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: As of August 10, 2011, the issuer had 282,979,478 shares of common stock issued and outstanding.  |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes o   No x                                                                                          |

----

| PART I  | 1                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------|
|    | ITEM 1. FINANCIAL STATEMENTS.                                                                        | 1 |
|    | ITEM 2. MANAGEMENTS’ DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. | 15 |
|    | ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.                                  | 20 |
|    | ITEM 4. CONTROLS AND PROCEDURES.                                                                     | 20 |
| PART II | 21                                                                                                   |
|    | ITEM 1. LEGAL PROCEEDINGS.                                                                           | 21 |
|    | ITEM 1A. RISK FACTORS.                                                                               | 21 |
|    | ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.                                 | 21 |
|    | ITEM 3. DEFAULTS UPON SENIOR SECURITIES.                                                             | 22 |
|    | ITEM 4. REMOVED AND RESERVED.                                                                        | 22 |
|    | ITEM 5. OTHER INFORMATION                                                                            | 22 |
|    | ITEM 6. EXHIBITS                                                                                     | 22 |

----

| GLOBAL CLEAN ENERGY HOLDINGS, INC. AND SUBSIDIARIES                                                        |   |
|------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED BALANCE SHEETS                                                                      |   |
| (Unaudited)                                                                                                |   |
|                                                                                                       |   |   |   |   |   |   |
|                                                                                                       |   | June 30, |   |   | December 31, |   |
|                                                                                                       |   | 2011 |   |   | 2010 |   |
|                                                                                                       |   |   |   |   |   |   |
| ASSETS                                                                                                     |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |
| CURRENT ASSETS                                                                                             |   |   |   |   |   |   |
|   Cash and cash equivalents                                                                      |   | $ | 1,135,433 |   |   | $ | 1,096,618 |   |
|   Accounts receivable                                                                            |   |   | 7,478 |   |   |   | 6,428 |   |
|   Inventory                                                                                      |   |   | 84,615 |   |   |   | 11,706 |   |
|   Other current assets                                                                           |   |   | 372,906 |   |   |   | 248,711 |   |
|       Total Current Assets                                                   |   |   | 1,600,432 |   |   |   | 1,363,463 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, NET                                                                                |   |   | 9,790,822 |   |   |   | 8,103,537 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| INVESTMENT HELD FOR SALE                                                                                   |   |   | 278,552 |   |   |   | 292,350 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| DEFERRED GROWING COST                                                                                      |   |   | 2,306,182 |   |   |   | 1,244,419 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| OTHER NONCURRENT ASSETS                                                                                    |   |   | 24,175 |   |   |   | 11,243 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| TOTAL ASSETS                                                                                               |   | $ | 14,000,163 |   |   | $ | 11,015,012 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| LIABILITIES AND EQUITY (DEFICIT)                                                                           |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                                                                                        |   |   |   |   |   |   |   |   |
|   Accounts payable                                                                               |   | $ | 1,868,767 |   |   | $ | 1,837,788 |   |
|   Accrued payroll and payroll taxes                                                              |   |   | 1,798,427 |   |   |   | 1,686,465 |   |
|   Accrued interest payable                                                                       |   |   | 1,384,117 |   |   |   | 1,154,943 |   |
|   Accrued return on noncontrolling interest                                                      |   |   | 2,107,450 |   |   |   | 1,452,744 |   |
|   Capital lease liability                                                                        |   |   | 33,555 |   |   |   | 47,139 |   |
|   Notes payable to shareholders                                                                  |   |   | 26,000 |   |   |   | 26,000 |   |
|   Convertible notes payable                                                                      |   |   | 193,200 |   |   |   | 193,200 |   |
|       Total Current Liabilities                                              |   |   | 7,411,516 |   |   |   | 6,398,279 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| LONG-TERM LIABILITIES                                                                                      |   |   |   |   |   |   |   |   |
|   Long term capital lease liability                                                              |   |   | 96,212 |   |   |   | 98,372 |   |
|   Convertible notes payable                                                                      |   |   | 567,000 |   |   |   | 567,000 |   |
|   Mortgage notes payable                                                                         |   |   | 2,793,934 |   |   |   | 2,793,934 |   |
|       Total Long Term Liabilities                                            |   |   | 3,457,146 |   |   |   | 3,459,306 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| EQUITY (DEFICIT)                                                                                           |   |   |   |   |   |   |   |   |
| Preferred stock - $0.001 par value; 50,000,000 shares authorized                                           |   |   |   |   |   |   |   |   |
| Series B, convertible; 13,000 shares issued (aggregate liquidation                                         |   |   |   |   |   |   |   |   |
| preference of $1,300,000)                                                                                  |   |   | 13 |   |   |   | 13 |   |
| Common stock, $0.001 par value; 500,000,000 shares authorized;                                             |   |   |   |   |   |   |   |   |
| 272,979,478 and 270,464,478 shares issued and outstanding, respectively                                    |   |   | 272,979 |   |   |   | 270,464 |   |
| Additional paid-in capital                                                                                 |   |   | 23,713,670 |   |   |   | 23,580,630 |   |
| Accumulated deficit                                                                                        |   |   | (27,386,816 | ) |   |   | (26,933,430 | ) |
| Accumulated other comprehensive loss                                                                       |   |   | (5,751 | ) |   |   | (2,195 | ) |
|       Total Global Clean Energy Holdings, Inc. Stockholders' Deficit         |   |   | (3,405,905 | ) |   |   | (3,084,518 | ) |
|   Noncontrolling interests                                                                       |   |   | 6,537,406 |   |   |   | 4,241,945 |   |
|     Total equity (deficit)                                                             |   |   | 3,131,501 |   |   |   | 1,157,427 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| TOTAL LIABILITIES AND EQUITY (DEFICIT)                                                                     |   | $ | 14,000,163 |   |   | $ | 11,015,012 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these condensed unaudited consolidated financial statements |   |

----

| GLOBAL CLEAN ENERGY HOLDINGS, INC. AND SUBSIDIARIES                                                        |   |
|------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                                                            |   |
| (Unaudited)                                                                                                |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                       |   | For the Three Months Ended |   |   | For the Six Months Ended |   |
|                                                                                                       |   | June 30, |   |   | June 30, |   |
|                                                                                                       |   | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                                                                                    |   | $ | 111,328 |   |   | $ | 71,864 |   |   | $ | 371,552 |   |   | $ | 204,717 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   General and administrative                                                                     |   |   | 518,665 |   |   |   | 490,333 |   |   |   | 1,089,194 |   |   |   | 1,251,992 |   |
|   Plantation operating costs                                                                     |   |   | 18,140 |   |   |   | 174,430 |   |   |   | 126,371 |   |   |   | 449,438 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Total Operating Expenses                                                     |   |   | 536,805 |   |   |   | 664,763 |   |   |   | 1,215,565 |   |   |   | 1,701,430 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from Operations                                                                                       |   |   | (425,477 | ) |   |   | (592,899 | ) |   |   | (844,013 | ) |   |   | (1,496,713 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Income (Expenses)                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Interest income                                                                                |   |   | 29 |   |   |   | 22 |   |   |   | 48 |   |   |   | 27 |   |
|   Interest expense                                                                               |   |   | (124,272 | ) |   |   | (105,235 | ) |   |   | (264,068 | ) |   |   | (197,665 | ) |
|   Gain on settlement of liabilities                                                              |   |   | - |   |   |   | 405,530 |   |   |   | - |   |   |   | 600,802 |   |
|   Foreign currency transaction adjustments                                                       |   |   | - |   |   |   | 38 |   |   |   | 2,440 |   |   |   | (7,517 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total Other Income (Expenses)                                                      |   |   | (124,243 | ) |   |   | 300,355 |   |   |   | (261,580 | ) |   |   | 395,647 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss from Continuing Operations                                                                            |   |   | (549,720 | ) |   |   | (292,544 | ) |   |   | (1,105,593 | ) |   |   | (1,101,066 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) from Discontinued Operations                                                                 |   |   | (9,421 | ) |   |   | 36,026 |   |   |   | (32,214 | ) |   |   | 60,873 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                                                   |   |   | (559,141 | ) |   |   | (256,518 | ) |   |   | (1,137,807 | ) |   |   | (1,040,193 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss Attributable to the Noncontrolling Interest                                                       |   |   | (310,232 | ) |   |   | (339,396 | ) |   |   | (684,422 | ) |   |   | (740,693 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income(Loss) attributable to Global Clean Energy Holdings, Inc.                                        |   | $ | (248,909 | ) |   | $ | 82,878 |   |   | $ | (453,385 | ) |   | $ | (299,500 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amounts attributable to Global Clean Energy                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Holdings, Inc. common shareholders:                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income(Loss) from Continuing Operations                                                                    |   | $ | (239,488 | ) |   | $ | 46,852 |   |   | $ | (421,171 | ) |   | $ | (360,373 | ) |
| Income (Loss) from Discontinued Operations                                                                 |   |   | (9,421 | ) |   |   | 36,026 |   |   |   | (32,214 | ) |   |   | 60,873 |   |
|      Net Income(Loss)                                                             |   | $ | (248,909 | ) |   | $ | 82,878 |   |   | $ | (453,385 | ) |   | $ | (299,500 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted Loss per Common Share:                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income(Loss) from Continuing Operations                                                                    |   | $ | (0.0009 | ) |   | $ | 0.0002 |   |   | $ | (0.0016 | ) |   | $ | (0.0014 | ) |
| Income (Loss) from Discontinued Operations                                                                 |   | $ | (0.0000 | ) |   | $ | 0.0001 |   |   | $ | (0.0001 | ) |   | $ | 0.0002 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net Income(Loss) per Common Share                                                  |   | $ | (0.0009 | ) |   | $ | 0.0003 |   |   | $ | (0.0017 | ) |   | $ | (0.0012 | ) |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted Weighted-Average Common                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Shares Outstanding                                                                             |   |   | 272,523,214 |   |   |   | 268,022,935 |   |   |   | 271,499,533 |   |   |   | 252,833,173 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these condensed unaudited consolidated financial statements |   |   |   |   |   |

----

| GLOBAL CLEAN ENERGY HOLDINGS, INC. AND SUBSIDIARIES                                                        |
|------------------------------------------------------------------------------------------------------------|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS                                                            |
| (Unaudited)                                                                                                |
|                                                                                                       |   |   |   |   |   |   |
|                                                                                                       |   | For the Six Months Ended |   |
|                                                                                                       |   | June 30, |   |
|                                                                                                       |   | 2011 |   |   | 2010 |   |
| Cash Flows From Operating Activities                                                                       |   |   |   |   |   |   |
| Net loss                                                                                                   |   | $ | (1,137,807 | ) |   | $ | (1,040,193 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities:                                |   |   |   |   |   |   |   |   |
|   Foreign currency transaction gain                                                              |   |   | - |   |   |   | 68,390 |   |
|   Gain on settlement of liabilities                                                              |   |   | - |   |   |   | (600,802 | ) |
|   Share-based compensation                                                                       |   |   | 78,855 |   |   |   | 60,333 |   |
|   Depreciation                                                                                   |   |   | 135,155 |   |   |   | 112,116 |   |
|   Changes in operating assets and liabilities:                                                   |   |   |   |   |   |   |   |   |
|     Accounts receivable                                                                |   |   | (739 | ) |   |   | 94,009 |   |
|     Inventory                                                                          |   |   | (71,756 | ) |   |   | (99,259 | ) |
|     Other current assets                                                               |   |   | (126,540 | ) |   |   | 10,891 |   |
|     Deferred growing costs                                                             |   |   | (1,006,558 | ) |   |   | (561,246 | ) |
|     Accounts payable and accrued expenses                                              |   |   | 366,607 |   |   |   | 370,484 |   |
|         Net Cash Used in Operating Activities                      |   |   | (1,762,783 | ) |   |   | (1,585,278 | ) |
| Cash Flows From Investing Activities                                                                       |   |   |   |   |   |   |   |   |
|   Purchase of land                                                                               |   |   | (18,900 | ) |   |   | (715,658 | ) |
|   Plantation development costs                                                                   |   |   | (1,257,514 | ) |   |   | (334,274 | ) |
|   Purchase of property and equipment                                                             |   |   | (221,136 | ) |   |   | (131,603 | ) |
|         Net Cash Used in Investing Activities                      |   |   | (1,497,550 | ) |   |   | (1,181,535 | ) |
| Cash Flows From Financing Activities                                                                       |   |   |   |   |   |   |   |   |
|   Proceeds from issuance of common stock for cash                                                |   |   | - |   |   |   | 500,000 |   |
|   Proceeds from exercise of warrants                                                        |   |   | 56,700 |   |   |   | - |   |
|   Proceeds from issuance of preferred membership in GCE Mexico I, LLC                            |   |   | 3,239,742 |   |   |   | 1,700,382 |   |
|   Proceeds from notes payable                                                                    |   |   | - |   |   |   | 742,652 |   |
|   Payments on notes payable                                                                      |   |   | (22,449 | ) |   |   | (478,043 | ) |
|   Proceeds from convertible notes payable                                                        |   |   | - |   |   |   | 567,000 |   |
|        Net Cash Provided by Financing Activities                        |   |   | 3,273,993 |   |   |   | 3,031,991 |   |
| Effect of exchange rate changes on cash                                                                    |   |   | 25,155 |   |   |   | (4,827 | ) |
| Net Increase in Cash and Cash Equivalents                                                                  |   |   | 38,815 |   |   |   | 260,351 |   |
| Cash and Cash Equivalents at Beginning of Period                                                           |   |   | 1,096,618 |   |   |   | 833,584 |   |
| Cash and Cash Equivalents at End of Period                                                                 |   | $ | 1,135,433 |   |   | $ | 1,093,935 |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| Supplemental Disclosures of Cash Flow Information:                                                         |   |   |   |   |   |   |   |   |
| Cash paid for interest                                                                                     |   | $ | 42,055 |   |   | $ | 92,254 |   |
| Noncash Investing and Financing activities:                                                                |   |   |   |   |   |   |   |   |
|   Cashless exercise of warrants                                                                  |   |   | - |   |   |   | 8,545 |   |
|   Accrual of return on noncontrolling interest                                                   |   |   | 654,706 |   |   |   | 367,906 |   |
|   Plantation costs financed by accounts payable                                                  |   |   | - |   |   |   | 32,497 |   |
|   Shares issued for services                                                                     |   |   | 13,125 |   |   |   | - |   |
|                                                                                                       |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these condensed unaudited consolidated financial statements |   |

----

----

----

|                                          |   | June 30, |        |
|-----------------------------------------------|--------|----------|-------------|
|                                          |   | 2011     |        |   | 2010 |   |
|                                          |   |     |        |   |   |   |
| Convertible notes                             |   |     | 19,028,671  |   |   |   | 19,028,671 |   |
| Convertible preferred stock - Series B        |   |     | 11,818,181  |   |   |   | 11,818,181 |   |
| Warrants                                      |   |     | 24,585,662  |   |   |   | 26,475,662 |   |
| Compensation-based stock options and warrants |   |     | 68,831,483  |   |   |   | 68,131,483 |   |
|                                          |   |     | 124,263,997 |   |   |   | 125,453,997 |   |
|                                          |   |     |        |   |   |   |   |   |

----

----

----

|                          |   | June 30, |       |   | December 31, |   |
|-------------------------------|--------|----------|------------|--------|--------------|--------|
|                          |   | 2011     |       |   | 2010         |   |
|                          |   |     |       |   |         |   |
| Land                          |   | $        | 2,570,136  |   |         | $      | 2,435,722 |   |
| Plantation development costs  |   |     | 6,219,860  |   |         |   | 4,805,940 |   |
| Plantation equipment          |   |     | 1,349,998  |   |         |   | 1,108,467 |   |
| Office equipment              |   |     | 135,314    |   |         |   | 89,721 |   |
|                          |   |     |       |   |         |   |   |   |
| Total cost                    |   |     | 10,275,308 |   |         |   | 8,439,850 |   |
| Less accumulated depreciation |   |     | (484,486   | )      |         |   | (336,313 | ) |
|                          |   |     |       |   |         |   |   |   |
| Property and equipment, net   |   | $        | 9,790,822  |   |         | $      | 8,103,537 |   |

----

|                                                            |   | June 30, |      |   | December 31, |   |
|-----------------------------------------------------------------|--------|----------|-----------|--------|--------------|--------|
|                                                            |   | 2011     |      |   | 2010         |   |
|                                                            |   |     |      |   |         |   |
| Accrued payroll, vacation, and related payroll  taxes |   |     |      |   |         |   |
|   for current officers                                |   | $        | 1,124,138 |   |         | $      | 1,012,176 |   |
| Former Chief Executive Officer, resigned 2007, including        |   |     |      |   |         |   |   |   |
|   $500,000 under the Release and Settlement Agreement |   |     | 570,949   |   |         |   | 570,949 |   |
| Other former officers and directors                             |   |     | 77,750    |   |         |   | 77,750 |   |
| Accrued payroll taxes on accrued compensation to                |   |     |      |   |         |   |   |   |
|   former officers and directors                       |   |     | 25,590    |   |         |   | 25,590 |   |
|                                                            |   |     |      |   |         |   |   |   |
| Accrued payroll and payroll taxes                               |   | $        | 1,798,427 |   |         | $      | 1,686,465 |   |
|                                                            |   |     |      |   |         |   |   |   |

----

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|                                                           |   |                                                             |       |                    |   |                   |      |   |   |
|----------------------------------------------------------------|--------|------------------------------------------------------------------|------------|-------------------------|--------|------------------------|-----------|--------|--------|
|                                                           |   | Total Global Clean Holdings, Inc. stockholders' equity (deficit) |       | Noncontrolling interest |   | Total equity (deficit) |      |
|                                                           |   |                                                             |       |                    |   |                   |      |   |   |
| Balance at December 31, 2010                                   |   | $                                                                | (3,084,518 | )                       |   | $                      | 4,241,945 |   |   | $ | 1,157,427 |   |
| Issuance of common stock                                       |   |                                                             | 57,325     |                    |   |                   | -         |   |   |   | 57,325 |   |
| Capital contribution from noncontrolling interest              |   |                                                             | -          |                    |   |                   | 3,239,742 |   |   |   | 3,239,742 |   |
| Share-based compensation                                       |   |                                                             | 78,230     |                    |   |                   | -         |   |   |   | 78,230 |   |
| Accrual of preferential return for the noncontrolling interest |   |                                                             | -          |                    |   |                   | (654,706  | )      |   |   | (654,706 | ) |
| Net loss                                                       |   |                                                             | (453,385   | )                       |   |                   | (684,422  | )      |   |   | (1,137,807 | ) |
| Other comprehensive loss                                       |   |                                                             | (3,557     | )                       |   |                   | 394,847   |   |   |   | 391,290 |   |
|                                                           |   |                                                             |       |                    |   |                   |      |   |   |   |   |   |
| Balance at June 30, 2011                                       |   | $                                                                | (3,405,905 | )                       |   | $                      | 6,537,406 |   |   | $ | 3,131,501 |   |
|                                                           |   |                                                             |       |                    |   |                   |      |   |   |   |   |   |
|                                                           |   | Total Global Clean Holdings, Inc. stockholders' equity (deficit) |       | Noncontrolling interest |   | Total equity (deficit) |      |
|                                                           |   |                                                             |       |                    |   |                   |      |   |   |   |   |   |
| Balance at December 31, 2009                                   |   | $                                                                | (3,078,412 | )                       |   | $                      | 2,485,792 |   |   | $ | (592,620 | ) |
| Issuance of common stock                                       |   |                                                             | 500,000    |                    |   |                   | -         |   |   |   | 500,000 |   |
| Capital contribution from noncontrolling interest              |   |                                                             | -          |                    |   |                   | 1,700,382 |   |   |   | 1,700,382 |   |
| Share-based compensation                                       |   |                                                             | 60,333     |                    |   |                   | -         |   |   |   | 60,333 |   |
| Accrual of preferential return for the noncontrolling interest |   |                                                             | -          |                    |   |                   | (367,906  | )      |   |   | (367,906 | ) |
| Net loss                                                       |   |                                                             | (299,500   | )                       |   |                   | (740,693  | )      |   |   | (1,040,193 | ) |
| Other comprehensive loss                                       |   |                                                             | (1,555     | )                       |   |                   | 57,328    |   |   |   | 55,773 |   |
|                                                           |   |                                                             |       |                    |   |                   |      |   |   |   |   |   |
| Balance at June 30, 2010                                       |   | $                                                                | (2,819,134 | )                       |   | $                      | 3,134,903 |   |   | $ | 315,769 |   |
|                                                           |   |                                                             |       |                    |   |                   |      |   |   |   |   |   |

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|                             |   |   |       |   |     |   | Weighted    |   |            |   |
|----------------------------------|--------|--------|------------|--------|----------|--------|-------------|--------|-----------------|--------|
|                             |   |   |       |   | Weighted |   | Average     |   |            |   |
|                             |   | Shares |       |   | Average  |   | Remaining   |   | Aggregate       |   |
|                             |   | Under  |       |   | Exercise |   | Contractual |   | Intrinsic       |   |
|                             |   | Option |       |   | Price    |   | Life        |   | Value           |   |
|                             |   |   |       |   |     |   |        |   |            |   |
| Outstanding at December 31, 2010 |   |   | 69,531,483 |   |     | $      | 0.03        |   |  5.1 years |   | $ | 450,970 |   |
|                             |   |   |       |   |     |   |        |   |            |   |   |   |   |
|   Granted              |   |   | 1,350,000  |   |     |   | 0.02        |   |            |   |   | - |   |
|   Exercised            |   |   | -          |   |     |   | -           |   |            |   |   | - |   |
|   Expired              |   |   | (700,000   | )      |     |   | 0.05        |   |            |   |   | - |   |
|                             |   |   |       |   |     |   |        |   |            |   |   |   |   |
| Outstanding at June 30, 2011     |   |   | 68,831,483 |   |     |   | 0.03        |   |  4.7 years |   | $ | 1,056,354 |   |
|                             |   |   |       |   |     |   |        |   |            |   |   |   |   |
| Exercisable at June 30, 2011     |   |   | 54,993,983 |   |     | $      | 0.03        |   |  3.7 years |   | $ | 800,685 |   |
|                             |   |   |       |   |     |   |        |   |            |   |   |   |   |

----

|                             |   |    |       |   | Weighted |   |
|----------------------------------|--------|---------|------------|--------|----------|--------|
|                             |   | Shares  |       |   | Average  |   |
|                             |   | Under   |       |   | Exercise |   |
|                             |   | Warrant |       |   | Price    |   |
|                             |   |    |       |   |     |   |
| Outstanding at December 31, 2010 |   |    | 26,475,662 |   |     | $      | 0.01 |   |
|                             |   |    |       |   |     |   |   |   |
|                             |   |    |       |   |     |   |   |   |
| Issued                           |   |    | -          |   |     |   |   |   |
| Exercised                        |   |    | (1,890,000 | )      |     |   | 0.03 |   |
| Expired                          |   |    | -          |   |     |   |   |   |
|                             |   |    |       |   |     |   |   |   |
| Outstanding at June 30, 2011     |   |    | 24,585,662 |   |     | $      | 0.01 |   |

----

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| ·   | Own and operate Jatropha farms for our own account. |
|--------------------|-----------------------------------------------------|

| ·   | Own, operate and manage Jatropha farms through joint ownership agreements. We currently operate two farms located in Mexico under joint ownership arrangements: the first farm comprises 5,149 acres; the second farm, consisting of 3,700 acres.   The first farm is fully planted and is expected to produce its first commercial quantities of Jatropha seeds in 2011.  We anticipate that the second farm will substantially be planted by the end of the third quarter of  2011. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Provide Jatropha farm development and management services to third party owners of Jatropha farms. We currently provide such development and advisory services and plan to greatly expand this initiative in the next 12 months. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Provide turnkey franchise operations for individuals and/or companies that wish to establish Jatropha farms in suitable geographical areas. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| 1.   | The Jatropha plants in a portion of our 5,149 acre farm in Mexico have now matured sufficiently to produce larger quantities of seeds.  As a result, we expect to have our first harvest of commercial quantities of Jatropha fruit in late 2011, and  we expect to generate revenues from the commercial sale of Jatropha seeds/oil during 2011.  Jatropha seeds can be harvested twice a year.  Accordingly, as the trees that were planted during the past two years mature, our harvests of Jatropha seeds will increase, improving our future revenues from our Tizimin operations. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Our Tizimin operations are eligible for agricultural and other subsidies provided to certain farming operations by the federal government of Mexico.  We have applied and have been approved for over $900,000 in subsidies.  To date we have received $648,000 and expect to receive the balance in 2011 and 2012.   In the first half of 2011, we received $272,000 of those subsidies.  These subsidies will help defray some of the initial start-up costs that we have incurred in establishing these farms. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.   | We continue to operate two nurseries for new Jatropha trees in the Tizimin area, which provide seedlings for our new farm and any additional farms that we acquire or develop in the future. We can also sell seedlings from these nurseries to other Jatropha farmers or developers. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Fruit and seed handling, oil extraction facilities, germplasm resources, and sheep herding capabilities are all being expanded in anticipation of our expanding Jatropha operations. Oil extraction facilities are currently located on-site and we expect to relocate them to a new industrial site. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Our Tizimin farms are being developed for the purpose of producing feedstock for bio-fuels from Jatropha seeds.  However, our development and cultivation of these farms has also enabled us to generate ancillary revenues from these operations.  For example, we have received revenue from the sale of biomass (waste wood removed from our farms as the land is prepared for Jatropha planting), sales of sheep that graze on our lands and control weeds, and the sale of the presscake from the Jatropha seeds which remains after oil extraction. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Total capital paid for land, and for expenses and operations, since inception, for the two farms in the Tizimin area (through June 30, 2011) was $12,148,600. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | We also own a 400 acre Jatropha research farm in Belize.  The Belize farm currently is inactive, and we are currently evaluating the future use and/or disposition of this farm. Research efforts have now been centralized at our farms near Tizimin, Mexico. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 31.1                                                                                                                                                                                | Rule 13a-14(a) Certification, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|
| 31.2                                                                                                                                                                                | Rule 13a-14(a) Certification, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                     |
| 32.1                                                                                                                                                                                | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 32.2                                                                                                                                                                                | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|                                                                                                                                                                                |                                                                                                                   |
| The foregoing certification is being furnished to the Securities and Exchange Commission as an Exhibit to the Form 10-Q and shall not be considered filed as part of the Form 10-Q. |
|                                                                                                                                                                                |                                                                                                                   |
| 101.INS                                                                                                                                                                   | XBRL Instance Document                                                                                                 |
| 101.SCH                                                                                                                                                                             | XBRL Taxonomy Extension Schema                                                                                         |
| 101.CAL                                                                                                                                                                             | XBRL Taxonomy Extension Calculation                                                                                    |
| 101.DEF                                                                                                                                                                             | XBRL Taxonomy Extension Definition                                                                                     |
| 101.LAB                                                                                                                                                                             | XBRL Taxonomy Extension Label                                                                                          |
| 101.PRE                                                                                                                                                                             | XBRL Taxonomy Extension Presentation                                                                                   |

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| Dated:          August 10, 2011 | GLOBAL CLEAN ENERGY HOLDINGS, INC. |
|-----------------------------------------------------------------------------------|------------------------------------|

|   |   |
|--------|--------|
|   | By:    | /s/  BRUCE K. NELSON |
|   |   | Bruce K. Nelson |
|   |   | Chief Financial Officer |

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