Coal-water Slurry Fuel Production Capacity Expected to Reach 1,150,000 Metric Tons by December 2010
XI'AN, China, Sept. 29 /PRNewswire-Asia/ -- 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 new CWSF production facility located in Guangdong, China has commenced construction and is expected to begin operations in December 2010.
The new CWSF production facility will have an annual output capacity of 300,000 metric tons and is expected to expand the Company's total annual production capacity to 1,150,000 metric tons by December 2010. Sino Clean Energy is targeting large CWSF customers in Guangdong, as the province is one of the most economically developed in China. The province also holds the greatest amount of Small and Medium Enterprises (SME), and the largest consumer capacity for CWSF, in China.
Baowen Ren, Chairman of Sino Clean Energy, said, "We believe Guangdong is an ideal location for expanding our capacity based on the area's growing market demand for our coal-water slurry fuel, and supported by the government's effort to reduce carbon dioxide emission and increase energy yields. We expect that this new facility will represent approximately 35% growth in annual production capacity, and will be a key growth driver in 2011."
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 and Liaoning 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:
Company:
Ming Lee
Assistant to the Chairman
Tel: +86-29-8406-7376 (China)
Email: marin_lm@163.com
Investor Relations:
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
