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Dec 21, 2006 12:01 PM

China Clean Energy Inc, Fuqing City, China, a producer of biodiesel fuel and green specialty chemical products, has signed a contract to purchase land usage rights for 50 years for the construction of a new biodiesel plant located in the new Fuqing Jiangyin Industrial Park in the Fujian Province.

The company has signed long-term agreements with processors from Indonesia and Malaysia to supply palm oil leavings as raw materials for the new facility.

The first phase of the project will increase the company's biodiesel production capacity by approximately 50,000 tons per year and the second phase by an additional 50,000 tons per year. Both phases should be up and running by the end of 2008.