China Clean Energy Inc. (CCGY)

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"We are pleased with our results for the quarter as we were able to deliver higher operating margin and relatively stable revenue, compared to the same quarter of 2008. Excluding the effect of warrant revaluation and employee stock-based compensation (non-cash charges), we also delivered positive adjusted net income," said Mr. Tai-ming Ou, China Clean Energy's Chairman and CEO. "We are also very pleased to have finished the construction of the Jiangyin plant. This is a major milestone for China Clean Energy, as it will significantly expand our production capacity and improve our ability to compete in the market place. As we discussed in the past, our new plant is capable of producing up to 30,000 tons per year of specialty chemicals and 40,000 tons per year of biodiesel for a combined output of 70,000 tons per year. We expect to begin commercial operations at the Jiangyin plant in December 2009, with gradual ramp up to approximately 50% of capacity over the next 6 months, and reach full capacity in the next 12 months. "