BeaconEquity.com announces the publication of an article covering China Clean Energy’s announcement it will no longer need equity financing related to the construction of its Jiangyin plant.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“China Clean Energy Inc. (OTCBB: CCGY), a developer, manufacturer and distributor of biodiesel fuel and specialty chemical products made from renewable resources, recently announced that it anticipates no further equity financing related to the company's construction of its Jiangyin plant, expected to be completed in the second quarter of 2009. The company instead will finance the required working capital through a $4.4 million line of credit from local banks.”
The Jiangyin plant expects to produce biodiesel from waste palm oil abundant in Indonesia and Malaysia:
“The new Jiangyin plant location is approximately 20 mile from the company's existing plant, and is expected to produce biodiesel from waste palm oil abundant in Indonesia and Malaysia. Located in the Fuzhou Newport Jiangyin Industrial Park, the plant will cover 112,744 square meters. The park is located within close proximity to a deep sea harbor and China's national railroad network, which is capable of accommodating 100,000 tin cargo vessels.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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