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China Clean Energy Inc. (PK:CCGY)

Business Focus: Biodiesel

Sector:  Energy Industry:  Renewable Fuels
See Regulatory Filings on SEC
Company Contact
Address: Longtian Town Fuqing City
Tel: N/A
Website: N/A
Key People
Tai-ming Ou
Chairman of the Board, Chief Executive Officer
Hua Shan Wang
Chief Financial Officer, Principal Financial and Accounting Officer
Ri-wen Xue
Chief Operating Officer
Business Overview
China Clean Energy Inc. is a renewable resource biodiesel and chemicals manufacturer. The Company makes use of the waste created by vegetable oil manufacturers to produce biodiesel and chemical products. The Company, 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 fuel and specialty chemical products made from renewable resources. The Company has developed a process for refining biodiesel fuel from waste grease and certain vegetable oils. The Company's chemical products include inks and adhesives. The Company offers monomer acid, stearic, dimer acid, printing inks, dimer-based polyamide hot melt adhesives, low molecular weight liquor polyamide resin, polyamide hot-melt adhesive, alcohol-soluble polyamide resins, benzene-soluble polyamide resins, and biodiesel and bio heating fuel.
Financial Overview
For the nine months ended 30 September 2011, ChinaClean Energy Inc. revenues increased 36% to $55.4M. Netincome increased 97% to $8.2M. Revenues reflect DomesticSales segment increase of 8% to $14.6M, International Salessegment increase of 5% to $2.5M. Net income benefited fromChange in fair value of warrants liabili increase from$246K (expense) to $1.8M (income), Impairment loss onmachinery and equipme decrease from $257K (expense) to $0K.