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China Clean Energy Completes Construction of Jiangyin Plant

Posted on: Thursday, 22 October 2009, 07:00 CDT

FUQING CITY, China, Oct. 22 /PRNewswire-Asia-FirstCall/ -- China Clean Energy Inc. (OTC Bulletin Board: CCGY) ("China Clean Energy", the "Company"), a producer of biodiesel fuel and environmentally-friendly specialty chemical products made from renewable resources in The People's Republic of China ("PRC"), today announced the completion of construction of the Jiangyin plant.

The commissioning process is now underway and a test-production run is expected to occur in November 2009. The new plant has been designed to produce up to 100,000 tons of biodiesel per year or a combination of up to 40,000 tons of biodiesel and 30,000 tons of specialty chemicals.

"We are pleased to announce the completion of the Jiangyin plant," said Mr. Tai-ming Ou, China Clean Energy's Chairman and CEO. "Once fully operational, we expect to ramp-up the new plant to full capacity within six to twelve months which, we hope, will contribute to profitable growth in 2010 as market fully recovers."

To support the expansion in production, the Company has started procurement of raw materials. Pictures illustrating the completion of the new plant are available at: http://www.chinacleanenergyinc.com/Picture.htm .

About China Clean Energy

China Clean Energy, through its wholly-owned subsidiaries, Fujian Zhongde Technology Co., Ltd. and Fujian Zhongde Energy Co., Ltd, is engaged in the development, manufacturing, and distribution of biodiesel and specialty- chemical products made from renewable resources. For additional information please visit: http://www.chinacleanenergyinc.com .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to expand its production capacity; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

SOURCE China Clean Energy Inc.

Source: PR Newswire

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