As expected. Current capacity is 10k tons biodiesel per year and 18k tons specialty chemicals. New capacity is 110k tons biodiesel per year and/or 58k tons specialty chemicals.
Huge capacity increase. Good news on the back of some phenomenal GDP numbers out of China. FUQING CITY, China, Oct. 22 /PRNewswire-Asia-FirstCall/ -- China Clean Energy Inc. (OTC Bulletin Board: CCGY - News; "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
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.