Sino Clean Energy, Inc. Authorizes $20 Million Share Repurchase Program

XI'AN, China, May 9, 2011 /PRNewswire-Asia-FirstCall/ -- Sino Clean Energy Inc. (Nasdaq: SCEI) ("Sino Clean Energy," or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in the People's Republic of China ("China"), today announced that its Board of Directors has approved the repurchase by the Company of up to $20 million of its common shares over the next 12 months.

Baowen Ren, Chairman of Sino Clean Energy stated, "Based on current market prices, the repurchase program to buy shares at what we believe are compelling valuations is in the best interests of our shareholders. Our Board of Directors believes that the repurchase program is an effective use of cash to enhance value for our shareholders and demonstrate our confidence in the long-term health and future financial performance of our business. Additionally, share repurchases at Sino Clean Energy's current market value are highly accretive to the Company's EPS growth."

Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions. Depending on market conditions and other factors, these repurchases may be commenced or suspended from time to time without prior notice.

Sino Clean Energy reserves the right to approve the allocation of a greater portion of cash resources for additional share repurchases in the future  if the public markets continue to offer an opportunity  to purchase shares at what the Company believes are attractive valuations.

About Sino Clean Energy

Sino Clean Energy is a U.S. publicly traded company and a China-based producer and distributor of coal-water slurry fuel ("CWSF"). With locations in Shaanxi Province, Liaoning Province, and Guangdong Province, Sino Clean Energy is one of the leading CWSF producers in China. For more information about Sino Clean Energy, please visit http://www.sinocei.net.

Safe Harbor Statement

This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to uncertainties in product demand, the impact of competitive products and pricing, our ability to obtain regulatory approvals, changing economic conditions around the world and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:

SOURCE Sino Clean Energy Inc.

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