| (Mark One) |                                                                                    |
|------------|-----------------------------------------------------------------------------------------|
|       |                                                                                    |
| þ     | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|       |                                                                                    |
|       | For the quarter ended  September  30, 2010                          |

|   |                                                                                                           |
|--------|----------------------------------------------------------------------------------------------------------------|
| o      | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                       |
|   |                                                                                                           |
|   | For the transition period from            to  |

| Maryland                                                         |   | 84-1522846                           |
|------------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdictionof incorporation or organization)    |   | (I.R.S. Employer Identification No.) |
|                                                             |   |                                 |
|  6040 Upshaw Suite 105, Humble, Texas 77396                 |
|  (Address of principal executive offices)                   |
|                                                             |
|  (281) 441-2538                                             |
|  (Registrant’s telephone number, including area code) |

|      Large accelerated filer o |   | Accelerated filer o |   | Non-accelerated file o                        |   | Smaller reporting company þ |
|---------------------------------------------------------|--------|---------------------|--------|-----------------------------------------------|--------|----------------------------------|
|                                                    |   |                |   | (Do not check if a smaller reporting company) |   |                             |

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CONTENTS

| PART I – FINANCIAL INFORMATION                                                                | 4      |
|-----------------------------------------------------------------------------------------------------|--------|
| Item 1. Financial Statements                                                                        | 4      |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 8      |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk                                  | 10     |
| Item 4T.  Controls and Procedures                                                         | 10     |
| PART II – OTHER INFORMATION                                                                   | 11     |
| Item 1. Legal Proceedings                                                                           | 11     |
| Item 1A. Risk Factors                                                                               | 11     |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                 | 11     |
| Item 3. Defaults Upon Senior Securities                                                             | 11     |
| Item 4.  Reserved                                                                         |   |
| Item 5. Other Information                                                                           | 11     |
| Item 6. Exhibits                                                                                    | 11     |

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Contents

| ·   | the availability and adequacy of our cash flow to meet our requirements; |
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| ·   | economic, competitive, demographic, business and other conditions in our local and regional markets; |
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| ·   | changes or developments in laws, regulations or taxes in the renewable energy industries; |
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| ·   | actions taken or not taken by third-parties, including our competitors, as well as legislative, regulatory, judicial and other governmental authorities; |
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| ·   | competition in the renewable energy industry; |
|--------------------|-----------------------------------------------|

| ·   | the failure to obtain or loss of any license or permit; |
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| ·   | the cyclical nature of the energy industry, and therefore any downturns in this cyclical industry could adversely affect operations; |
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| ·   | the energy-related industry that we service is heavily regulated and the costs associated with such regulated industries increases the costs of doing business; |
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| ·   | the ability to carry out our business plan and to manage our growth effectively and efficiently; |
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| ·   | the failure to manage any foreign exchange risk adequately; |
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| ·   | a general economic downturn or a downturn in the securities markets; and |
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| ·   | risks and uncertainties described in the “Risk Factors” section or elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 31, 2009. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Contents

PART I – FINANCIAL 

|                                                                                                             |   | September 30, 2010 |       |   | Dec. 31, 2009 |   |
|------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|---------------|--------|
|                                                                                                             |   |               |       |   |          |   |
| ASSETS                                                                                                           |   |               |       |   |          |   |
|                                                                                                             |   |               |       |   |          |   |
| Current assets:                                                                                                  |   |               |       |   |          |   |
| Cash                                                                                                             |   | $                  | 1,873      |   |          | $      | 3,280 |   |
| Accounts Receivable – Valleyfield                                                                          |   |               | 190,010    |   |          |   | 101,094 |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| Sub-Total                                                                                                        |   |               | 191,883    |   |          |   | 104,374 |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| Other Assets:                                                                                                    |   |               |       |   |          |   |   |   |
| Cyclonic Dredging Pump Rights and Patent                                                                         |   |               | 450,000    |   |          |   | 450,000 |   |
| Hybrid Gasification Rights and Patent                                                                            |   |               | 1,000,000  |   |          |   | 1,000,000 |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| Total assets                                                                                                     |   | $                  | 1,641,883  |   |          | $      | 1,554,374 |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                       |   |               |       |   |          |   |   |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| Current liabilities:                                                                                             |   |               |       |   |          |   |   |   |
| Accrued compensation - officers, directors and consultants                                                       |   |               | 566,786    |   |          |   | 219,786 |   |
| Accounts Payable                                                                                                 |   |               | 369,776    |   |          |   | 317,979 |   |
| Promissory Notes                                                                                                 |   |               | 535,150    |   |          |   | 535,150 |   |
|                                                                                                             |   | $                  | 1,471,712  |   |          | $      | 1,072,915 |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| Stockholders’ equity:                                                                                      |   |               |       |   |          |   |   |   |
|                                                                                                             |   |               |       |   |          |   |   |   |
| Preferred stock; $.001 par value; authorized - 15,000,000 shares; issued – none                            |   |               | --         |   |          |   | -- |   |
| Common stock; $.001 par value; authorized - 300,000,000 shares; issued and outstanding – 38,803,721 shares |   |               | 38,803     |   |          |   | 36,628 |   |
| Additional paid-in capital                                                                                       |   |               | 2,861,012  |   |          |   | 2,734,305 |   |
| Accumulated deficit                                                                                              |   |               | (2,729,694 | )      |          |   | (2,289,474 | ) |
| Total liabilities and stockholders’ equity                                                                 |   | $                  | 1,641,883  |   |          | $      | 1,554,374 |   |

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Contents

|                                                 |   | Three Months Ended |       |   | Nine Months Ended |   |
|------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                 |   | September 30,      |       |   | September 30,     |   |
|                                                 |   | 2010               |       |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                                                 |   |               |       |   |              |   |   |   |   |   |   |   |
| Revenue                                              |   |               |       |   |              |   |   | $ | 157,570 |   |   |   |   |
| Costs and expenses:                                  |   |               |       |   |              |   |   |   |   |   |   |   |   |
| Compensation - officers, directors and consultants   |   |               | 138,000    |   |              |   | 4,823 |   |   | $ | 442,864 |   |   | $ | 28,573 |   |
| Professional fees                                    |   |               | 31,055     |   |              |   |   |   |   |   | 73,573 |   |   |   | 39,288 |   |
|                                                 |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative                           |   |               | 25,500     |   |              |   | 18,039 |   |   |   | 64,479 |   |   |   | 26,797 |   |
|                                                 |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Interest and bank charges                            |   |               |       |   |              |   | 99 |   |   |   | 63 |   |   |   | 119 |   |
|                                                 |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net loss applicable to common shareholders           |   |               | (194,555   | )      |              |   | (22,961 | ) |   | $ | (423,349 | ) |   | $ | (94,777 | ) |
|                                                 |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted net loss per common share          |   |               | **         |   |              |   | ** |   |   |   | ** |   |   |   | ** |   |
|                                                 |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding |   |               | 38,803,721 |   |              |   | 26,628,721 |   |   |   | 38,803,721 |   |   |   | 25,795,387 |   |

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Contents

|                                                                        |   | Nine Months Ended |     |
|-----------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                        |   | September 30,     |     |
|                                                                        |   | 2010              |     |   | 2009 |   |
|                                                                        |   |              |     |   |   |   |
| Cash flows from operating activities:                                       |   | $                 | 157,570  |   |   |   |   |
| Net loss                                                                    |   | $                 | (423,349 | ) |   |   | (94,777 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |              |     |   |   |   |   |   |
| Common stock issued for services and acquisition                            |   |              |     |   |   |   | 1,255,750 |   |
| Changes in operating assets and liabilities:                                |   |              |     |   |   |   |   |   |
| Accounts Payable                                                            |   |              | 369,776  |   |   |   | 417,580 |   |
| Accrued compensation - officers, directors and consultants                  |   |              | 566,786  |   |   |   | 655,968 |   |
| Other accrued expenses                                                      |   |              |     |   |   |   |   |   |
| Net cash used in operating activities                                       |   |              | 194,919  |   |   |   |   |   |
|                                                                        |   |              |     |   |   |   |   |   |
| Cash flows from investing activities:                                       |   |              |     |   |   |   |   |   |
| Purchases of equipment                                                      |   |              |     |   |   |   |   |   |
| Net cash used in investing activities                                       |   |              |     |   |   |   | (22,961 | )  |
|                                                                        |   |              |     |   |   |   |   |   |
| Cash flows from financing activities:                                       |   |              |     |   |   |   |   |   |
| Proceeds from promissory note                                               |   |              |     |   |   |   | 22,750 |   |
| Repayment of promissory note                                                |   |              |     |   |   |   |   |   |
| Net cash provided by financing activities                                   |   |              |     |   |   |   | 22,750 |   |
|                                                                        |   |              |     |   |   |   |   |   |
| Net increase in cash                                                        |   |              | (1407    | ) |   |   | (41,998 | ) |
| Cash at beginning of year                                                   |   |              | 3280     |   |   |   | 45,858 |   |
| Cash at end of period                                                       |   |              | 1873     |   |   |   | 3,860 |   |
|                                                                        |   |              |     |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                           |   |              |     |   |   |   |   |   |
| Common stock issued for services and acquisition                            |   |              |     |   |   |   | 1,255,750 |   |

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Contents

Item 2. 

|   | · | the AirPumpTM that utilizes Vortex technology to efficiently separate waste and recover carbon from extracted material; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|
|   | · | a hybrid steam gasifier, the G2G Steam Reformer, a world’s first in gasification technology.                               |

|   | · | research and development of new technologies;                     |
|--------|--------|-------------------------------------------------------------------|
|   | · | international joint-ventures to develop waste-to-energy projects; |

|   | · | offering technology and services for environmental ash cleanup operations; |
|--------|--------|----------------------------------------------------------------------------|
|   | · | expanding into renewable energy production; and                            |

|   | · | seeking public financing for projects in the green energy sector. |
|--------|--------|-------------------------------------------------------------------|

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RESUL

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Our management is responsible for establishing and maintaining an adequate system of internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the 

|   | · | Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations by our management and/or directors; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Exhibits:               |                                                                                              |
|-------------------------|---------------------------------------------------------------------------------------------------|
| 31.1+    | Chief Executive Officer's Certificate, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |

| 31.2+    | Chief Financial Officer's Certificate, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|-------------------------|---------------------------------------------------------------------------------------------------|

| 32.1+  | Chief Executive Officer's Certificate, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.2+  | Chief Financial Officer's Certificate, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

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|                               | GLOBAL CLEAN ENERGY, INC.                            |                                                |
|------------------------------------|------------------------------------------------------|-----------------------------------------------------|
|                               |                                                 |                                                |   |
| Date: November 22, 2010       | By:                                                  | /s/ Earl Azimov       |   |
|                               | Earl Azimov, President & Chief Executive Officer |
|                               |                                                 |                                                |   |
|                               |                                                 |                                                |   |
| Date:  November 22, 2010 | By:                                                  | /s/ Kenneth S. Adessky               |   |
|                               | Kenneth S. Adessky, Chief Financial Officer          |
|                               |                                                 |                                                |

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