China Clean Energy
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Company type | Public (OTC: CCGY) |
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Industry | Energy, Specialty Chemicals |
Founded | The company began operations in 1995 and launched its biodeisel operations in 2005. |
Headquarters | Delaware, United States registered company, headquartered in Fuqing City, Fujian Province, People's Republic of China |
Area served | China (Biodiesel), International (Specialty Chemicals) |
Key people | Tai-Ming Ou, Chairman and CEO; William Chen, Company CFO |
Products | Biodiesel, Specialty chemicals |
Revenue | $58.9 million USD (2010) |
Number of employees | 200 |
Website | http://www.chinacleanenergyinc.com |
China Clean Energy, Inc. (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
[edit]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.
Specialty chemicals
[edit]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.