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China Clean Energy, Inc.
Type Public (OTC:CCGY)
Founded The company began operations in 1995 and launched its biodeisel operations in 2005. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar.
Headquarters Flag of the United States Delaware registered company, headquartered in Fuqing City, Fujian Province, People's Republic of China (PRC)
Area served China (Biodiesel), International (Specialty Chemicals)
Key people Tai-Ming Ou, Chairman and CEO; Gary Zhao, Company CFO
Industry Energy, Specialty Chemicals
Products Biodiesel, Specialty Chemicals
Revenue $6. Delaware ( is a state located on the Atlantic Coast in the Mid-Atlantic region of the United States. This article is about the People's Republic of China province Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National Biodiesel refers to a non-petroleum-based Diesel fuel consisting of short chain Alkyl ( Methyl or ethyl) Esters made by For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Physics and other Sciences energy (from the Greek grc ἐνέργεια - Energeia, "activity operation" from grc ἐνεργός In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Biodiesel refers to a non-petroleum-based Diesel fuel consisting of short chain Alkyl ( Methyl or ethyl) Esters made by In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 9 million USD (2007)
Employees Not stated
Website http://www.chinacleanenergyinc.com

China Clean Energy, Inc. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages (otc:ccgy), through its wholly owned subsidiary Fujian Zhongde Technology Co. , Ltd. (“Fujian Zhongde”), is a biodiesel and specialty chemical producer operating in The People's Republic of China and selling products both domestically there and worldwide. Biodiesel refers to a non-petroleum-based Diesel fuel consisting of short chain Alkyl ( Methyl or ethyl) Esters made by Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES The company uses waste vegetable oils, such as cotton seed leavings, and yellow grease, as feedstocks, processing them through proprietary technologies to produce biodiesel for local consumption and a variety of "green" chemicals for sale worldwide.

In early 2008, the company secured private funding (through a special stock offering) to create a 100,000 metric ton annual capacity biodiesel plant. The company's current plants are approximately one-tenth of that size.

Contents

Specialty Chemicals

The company produces by products of biodiesel and various specialty chemicals. Because these chemicals are produced from renewable feedstock, they can be considered "green" and sold for a premium in some markets.

Chemicals listed include: Monomer Acid, Stearic, Dimer Acid, Printing Inks, Dimer-Based Polyamide Hot Melt Adhesive, Low Molecular Weight Liquor Polyamide Resins, Polyamide Hot-Melt Adhesive, Alcohol-soluble Polyamide Resins, Benzene-Soluble Polyamide Resins, and Bio Heating Fuel. Stearic acid (first syllable rhymes with either bear or gear) ( IUPAC Systematic name: octadecanoic acid) is a saturated Glue or adhesive is a compound that adheres or bonds two items together The molecular mass (abbreviated m of a substance, more commonly referred to as molecular weight and abbreviated as MW, is the Mass of one A polyamide is a Polymer containing Monomers of Amides joined by Peptide bonds They can occur both naturally examples being Proteins Resin, not to be confused with Rosin, is a Hydrocarbon Secretion of many Plants particularly coniferous trees. In Chemistry, an alcohol is any Organic compound in which a Hydroxyl group ( - O[[hydrogen H]]) is bound to a Carbon Solubility is the characteristic Physical property referring to the ability of a given substance the Solute, to dissolve in a Solvent. Benzene, or benzol, is an organic Chemical compound and a known Carcinogen with the molecular formula C 6 H 6

Competitors

The company's website claims that it is one of two publicly traded biodiesel producers currently operating in China. The other is presumably Gushan, which is listed on the New York Stock Exchange. Gushan Environmental Energy Limited, incorporated on May 16 2006 is a Biodiesel producer in China The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. A larger number of competitors could be listed for their worldwide chemical sales, although only a handful would meet China Clean Energy's "green" credentials.

Auditor

On April 15, 2008, China Clean Energy reported it was changing auditors from Michael T. Studer CPA P. C. to Moore Stephens Wurth Frazer and Torbet, LLP. [1] Controversy surrounding the reliability of the previous auditor may have been central to this decision.

On February 18th, 2008, Barrons reported:

" One auditor of Chinese companies like China Clean Energy (CCGY) and China Kangtai Cactus Biotech (CKGT) is Michael T. Studer of Freeport, N. Y. In 2006, during an inspection, the PCAOB found "deficiencies of such significance that it appeared. . . the Firm (Studer) did not obtain sufficient competent evidential matter to support its opinion on the issuer's financial statements. " Moreover, in 2004, the National Association of Securities Dealers expelled Studer's firm and barred him from association with any securities firm. "

References

  1. ^ China Clean Energy Appoints New Independent Auditor

External links

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