China Clean Energy launches commercial production at biodiesel plant

Fuqing City, China, January 7, 2010 — China Clean Energy announced the trial production phase at its Jiangyin plant is complete and as of January 2010 the new plant is operating on a commercial basis.

China Clean Energy is a Chinese producer of biodiesel fuel and specialty-chemical products made from renewable resources.

The Jiangyin plant will increase the company’s specialty-chemicals capacity by 30,000 tons per year to a total of 40,000 tons per year.

In addition, the new plant will increase biodiesel capacity by 40,000 tons per year to 50,000 tons per year.

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Management anticipates that for the first quarter of 2010, China Clean Energy will produce a total of 4,000-4,500 tons of specialty chemicals and 3,000-4,000 tons of biodiesel in both plants.

Management presently expects revenue for the first quarter of 2010 to be about $7.3 million, representing an increase of about 150 percent over the comparable period in 2009.

 

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