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China Clean Energy Updates Business Outlook
Date:6/27/2008

n in the near future by leveraging lower waste palm oil feedstock supplies as we benefit from higher diesel prices in China. We expect biodiesel to continue to represent an attractive long-term opportunity for our business both at our current refinery and the new Jiangyin Plant if margin structures return to profitable levels," said Mr. Tai-Ming Ou, Chairman and CEO of China Clean Energy. "We remain hopeful that we will be able to restore our biodiesel margins, and that we will be successful in expanding our specialty chemicals business to deliver value to our shareholders in the years ahead," concluded Mr. Ou.

China Clean Energy has also completed the installation and testing of its high purity dimer-acid production facility at its current refinery and started production in June 2008. The Company expects its new high purity dimer-acid capacity to enhance future earnings and profitability.

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 specialty chemical products made from renewable resources.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to expand its production capacity; Company's ability to secure raw material feedstock supplies; the period of time for which its current liquidity will en
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SOURCE China Clean Energy Inc.
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