China Clean Energy Inc. (CCGY.OB)
China Clean Energy, through its wholly-owned subsidiary, Fujian Zhongde, is engaged in the development, manufacturing, and distribution of biodiesel fuel and specialty chemical products made from renewable resources. Since its inception, the company has been engaged in the manufacture of high-quality specialty chemical products from renewable resources. Through its research and development efforts, the company developed a proprietary process for refining biodiesel fuel from waste grease and certain vegetable oils. Using this proprietary process, the Company began producing biodiesel in 2005 and commenced selling biodiesel commercially starting in December 2005.
2009 Corporate Presentation:
CFO projects $14M in net income with opening of new Jiangyin plant in 2009. This translates to net income of .45/share.
click here- see page 2
New Jiangyin Plant to come online in October, 2009.
Previous capacity was 10,000 tons of biodiesel and 18,000 tons of special chemicals.
Increased capacity with new plant will be 100,000 tons of fuel and/or specialty chemicals.
More pics of new Jiangyin Plant here: http://www.chinacleanenergyinc.com/Picture.htm