China to get New Biodiesel Plant

The new biodiesel fuel plant will be located 15 miles from China Clean Energy's existing facility and will have a land area of 112,744 square meters, with total investment cost estimated at $15.0 million, including land usage rights, equipment acquisition and installation costs as well as working capital. The construction blueprint has been completed and land fill is scheduled for completion by August of 2007. The Company expects to secure credit line approval from local banks by October, when the entire approval process is expected to have been completed. The first phase of construction will add 50,000 metric tons per year of biodiesel fuel production capacity and is expected to come on line before the second half of 2008, while the second phase will increase capacity to 100,000 metric tons per year with expected completion in the first half of 2009. China Clean Energy has signed long-term agreements with major processors from Indonesia and Malaysia to supply palm oil leavings (waste) as raw materials for the new facility.

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Jason Berkes
www.jasonberkes.com