China Clean Energy Relocates All Biodiesel and Most Specialty Chemicals Equipment from Fuqing to Jiangyin Plant

FUQING CITY, China, Nov. 2, 2010 /PRNewswire-Asia-FirstCall/ -- China Clean Energy Inc. (OTC Bulletin Board: CCGY) ("China Clean Energy" or 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 that it has relocated and installed all of its biodiesel and most of its specialty chemical plant and equipment from its old Fuqing facility to the new facility at the Jiangyin Industrial Park.

During the third quarter of 2010, the Company has successfully transferred and installed plant and equipments representing all biodiesel capacity and all specialty chemicals capacity except the printing ink production line to the new Jiangyin plant. As a result, the annual production capacity in the Jiangyin Plant is now 50,000 tons of biodiesel and 40,000 tons of specialty chemicals. The printing ink production line, which accounts for approximately 500 tons annual production capacity, will remain at the old plant.

"We are pleased to announce the successful consolidation of our manufacturing facilities which we expect will improve our efficiency and strengthen our margins," said Mr. Tai-ming Ou, China Clean Energy's Chairman and CEO. "We expect to keep our printing ink plant at the old facility and to retain the land use rights."

The transfer and installation of equipment from the old plant to the Jiangyin plant during the third quarter did not affect management's revenue and operating income expectations for the quarter.

About China Clean Energy:

China Clean Energy, 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 and specialty chemical products made from renewable resources. For additional information please visit: http://www.chinacleanenergyinc.com.

Safe Harbor Statement

This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the effectiveness, profitability, and the marketability of the Company's products; the future trading of the common stock of the Company; the ability of the Company to capitalize on its expanded production capacity; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition resulting from changes in raw material prices, international oil prices and price controls imposed by the Chinese government; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that the Company's expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

SOURCE China Clean Energy Inc.