China Clean Energy, Inc.

www.chinacleanenergyinc.com

Safe Harbor Statement This presentation contains forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in our documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved and these statements will prove to be accurate. Important factors could cause actual results to differ materially from those included in the forward-looking statements.

Corporate Overview
Products:
Specialty Chemicals: high quality commercial products from renewable resources
Biodiesel: began production in 2005; sell to regional service stations
Facilities:
Jiangyin Plant: within 2 km of seaport - a key competitive advantage
Can produce 40K tons of specialty chemicals and 50K tons of biodiesel
Fuqing Plant: 311,000 square feet ISO- certified production facilities
Most equipment transferred to Jianqyin Plant in 3Q10 – except printing ink production line

Equity Snapshot
Ticker Symbol: CCGY
Stock Price (9/7/2011): $0.68
Market Capitalization: $21.4 mil
TTM Revenue (Q2 2011) : $72.3 mil
TTM Net Income (Q1 2011): (1) $10.7 mil
TTM EPS (Q2 2011): (1) $0.34
P/E: 2.03x
Book Value / Share: $1.50
Note: (1) Primary, based on current share count of 31.5 mil
Source: Capital IQ, Company SEC Filings
Return on Avg. Equity (TTM) 26%

Corporate History 1995 Nov 2006 Revenue reached $16 million for FY2009 Dec 2009 Key Milestones Completed a $15 million private placement to finance the Jiangyin Plant Jan 2008 Commenced production of biodiesel fuel using proprietary technology . Dec 2005 Completed reverse merger and was listed on the OTC Bulletin Board Offshore Onshore 100 ％ China Clean Energy Inc 100 ％ China Clean Energy Resources Limited (BVI) Fujian Zhongde Technology Co., Ltd. 100 ％ Fujian Zhongde Energy Co., Ltd Corporate Structure Sep 20 10 Transferred equipment to the new Jiangyin Plant Jan 20 10 Launched commercial production at Jiangyin plant Dec 20 10 Revenue of $59 million achieved for FY2010 Revenue growth in 1H11 of 54% Y-O-Y to $72.3 million on a latest 12 month basis. Aug 2011 Founded in Fujian Province, China, to produce environmentally-friendly specialty chemicals

New plant – provides 3x more specialty chemicals and 4x more biodiesel capacity
High margin products – dimer acid (30% of sales) and high-performance adhesives products (22% of sales) lead strong product mix
Exports sales – further diversifies and strengthens customer base
Specialty Chemicals – provides an array of products that are high value and cheaper than petroleum-based products
Biodiesel – provides a platform for growth driven by energy needs and environmental concerns
Diversified Revenue and Customer Base New Plant Capacity Enables Optimal Product Mix and Expanding Margins Highly Experienced and Committed Management Team Company Fundamentals
Company has been in operation since 1995
Founding partners run day-to-day operations
Officers and directors own 32% of shares
Diversified Revenue Base

Specialty Chemicals Biodiesel 1H’11 Domestic Exports Revenue and Market Breakdown Synergy in resource utilization enables CCGY to reduce its business risk while exports further diversifies its customer base 18% 82% 89% 19% FY’10 Biodiesel Specialty Chemicals 11% 81% FY’10 1H’11 Exports 20% 80% Domestic Products Markets

Capacity utilization near 100% at new plant
Very high levels of customer satisfaction
Domestic growth from a variety of industries continues to drive demand
Financial Highlights Revenue of $59.0 MM vs. $15.9 MM in 2009 Operating income of $10.2 MM vs. $0.9 MM in ‘09 Adjusted net income of $7.8 MM and EPS of $0.25 Guidance for FY 2011
Expect revenue in fiscal year 2011 to reach approximately $75 million
Expect operating income to reach approximately $14 million
Highlights for FY 2010 and 1H 2011 Strong Revenue Growth Continues FY 2010 1H 2011 Revenue of $38.2 MM vs. $24.9 MM in 1H 2010 Operating income of $7.0 MM vs. $3.1 MM in 1H10 Adjusted net income of $6.6 MM and EPS of $0.21

China’s specialty chemicals sector is expected to grow faster than the economy as a whole, with some sectors experiencing 20-30%+ growth
Commercial complexity is increasing to include product technology, customization and innovation; these also serve as barriers to entry for smaller companies
Large multi-national specialty chemical firms have found a lucrative base in China while consolidation of smaller companies is likely over the long-term
After spurring industry growth, the Chinese government could impose stronger environmental regulations over time
Foreign investment has been substantial in China’s specialty-chemicals sector led by Hong Kong, US, Japan, Singapore and South Korea due to China’s growth potential
Green innovation via sustainable production is a growing trend – creating quality products while minimizing toxins and emissions so as to preserve the environment
Specialty Chemicals: Market Overview

Market Size ‘ 000 Metric Tons China Rest of the World Source: Company estimates China Outside of China Underlying Growth % per annum Specialty Chemicals: Market Size and Growth 3 Million Metric Tons

Specialty Chemicals: Revenue Composition Specialty chemicals are used in such diverse industries as textiles, construction and electronics. 2010 FY Total revenue = $59 MM 2011 1H Total revenue = $38 MM

Dimmer Acid Properties : Good stability, solvent releasing capacity and good resistant to bending, good glossiness, good adhesive force and good resistance to gel. Applications : Used in printing industry to produce solvent type printing ink for soft plate, surface printing ink for plastic and hot-melt adhesive. It can work with pigment and filler to produce bright and brilliant colors. Properties: A light yellow thick liquid with stable properties, non-toxicity, non-volatility, high flash point, high ignition point, and good adhesion. Applications : Used in alkyd resin, polyamide resin, ink, coating, or as adhesive, for textile detergent, surfactant for lubricant and antirust oil, and food additive. Polyamide Resins Specialty Chemicals: End-User Applications Instead of speaking of number lets see why our products were successful and future growth

Hot Melt Adhesive Printing Ink and Coatings Specialty Chemicals: End-User Applications Instead of speaking of number lets see why our products were successful and future growth Properties: Transparent, light yellow viscous solid, non-toxic, soluble in most organic solvents, non-soluble in water. It has good mechanical, fluidity, tenacity and high adhesion strength. Applications: Used for the adhesion of heat-shrinkable material, and in packing, fabrics, leather, lumber, plastic, metal, ceramics, and electric appliances, electronics, among others. Applications: Used for gravure surface printing, gravure inner printing and flexible typographic printing on plastic, aluminum foil and paper.

=== Expanding Customer Base 1. Including NYSE: APD, NYSE:TOT Number of Customers Customer Size

Biodiesel Segment Opportunity Increasing car ownership in China should augur positively for biodiesel demand Growth of Cars in China (Millions) Source: Carnegie Endowment; Institute for Energy Research, Cars by M.Chamon, P.Mauro and Y.Okawa (of IMF and Univ. of VA) Biodiesel a Key Fuel to Managing Vehicle Growth
Between 2000 and 2010, China’s car fleet grew by 20x with 20 MM vehicles expected to be sold in 2011.
China is projected to increase its proportion of cars relative to all developed economies from 10% in 2010 to 37% in 2030 and 66% in 2050.
China to lead the world in car sales for the third straight year, to be mainly run on oil-based fuels.
Sustainable biofuels is a key policy tool to manage China’s growing vehicle fleet; fits within current infrastructure

Biodiesel and Diesel Demand Forecast (Million Tons) Biodiesel Segment Opportunity Biodiesel is compatible with existing industrial capacity and can immediately address China’s energy security needs . Source: US Dept. of Energy; BP Statistical Review, National Biodiesel Board, IEEJ, IEA Biodiesel Fundamentals and Benefits
Reduction in harmful emissions; US Dept. of Energy study showed 78% drop in carbon dioxide emissions
Higher flash point than petroleum diesel which makes it safer to handle
Tends to be more biodegradable than petroleum diesel; B100 eliminates all sulfur emissions relative to conventional diesel
Can be used in any diesel engine without modification whether in B100 or B20 form

Oil Dependency Biodiesel Segment Opportunity Source: Biodiesel 2020: A Global Market Survey China’s Bio-Fuel Markets and Targets China may have to import 75% of its needs to meet its oil requirements by 2030
By 2020:
Target is to replace 15% of China’s transportation energy needs
Target is to produce 12+ million tons of biofuels
Plans are to install two 500 MW Coal-Fired power plants every week for the next 10 years
China’s growing oil dependency and safeguarding the environment are key concerns driving energy policy in China

Edible Oil Consumption in China Million Tons There is an ample supply of waste edible oil which may also be supplemented by imported palm oil waste (source: Datamonitor Aug/2007). CAGR: 6.5% Waste Oil Supply Availability Feedstock Procurement Strategy
China Clean Energy’s multi feedstock technology allows use of palm oil waste in its production process
We continue to evaluate the possibility of importing palm oil waste to diversify our feedstock supply
We are also evaluating opportunities to acquire an upstream feedstock supplier to capture additional margin along the value chain as well as to protect margins over the cycle

Proprietary technology allows China Clean Energy to use lower cost waste vegetable oils to produce an array of products Production Technology Waste grease Oleic acid Vegetable asphalt (fuel oil) Stearic Dimer acid Monomer Biodiesel High purity Dimer acid Polyamide resin High performance polyamide hot melt Adhesive Printing ink ISO Stearic Heating Esterification Dealcoholization Methanol Separator Alcoholysis Glycerol Dealcoholization Separator Washing and Drying Biodiesel Hogwash oil Palm oil Methanol Acid catalysis Biodiesel Specialty Chemicals

Build strong brand recognition for its environment-friendly specialty chemicals segment
Expand offerings of high-end specialty chemicals that target import substitution
Acquire upstream feedstock sourcing so as to secure supply
Plan for additional plant capacity to meet projected demand
Specialty Chemicals Biodiesel Company Growth Strategy
Capitalize on strong demand for transportation fuel in China
Take advantage of favorable government policies supporting the adoption of clean energy
Develop alternative markets such as power generation
Synergy derives from the development of a new generation of bio-refinery products that have economic and environmental benefits

Pro-Forma Production Capacity Biodiesel 50,000 Capacity in Tons Avg. Selling Price ($/Ton)* $857 Revenue Potential ($Million) $42.9 Specialty Chemicals 40,000 Capacity in T ons Avg. Selling Price ($/Ton)* $1,811 Revenue Potential ($Million) $72.4
We expect to maintain specialty chemicals capacity at close to 100% for 2011
Additional capacity at Jiangyin plant of 20K tons possible at an est. cost of $6-8 MM
Additional expansion potential at Fuqing plant to meet demand
* Q2 FY2011 actual prices Note : These are pro-forma calculations and are not provided for guidance purposes. Actual results will depend on market conditions as well as other risk factors detailed in fillings with SEC and available from http://www.sec.gov .

Key Performance Metrics Gross Profit Net Revenue Operating Profit Net Income 269% 10x * * 321% 662% Note : All figures in MM; * denotes non-GAAP which excludes changes in fair value of warrant, stock-based compensation expenses and impairment charges

Balance Sheet Summary Source: SEC filings As of 31-Dec-08 　 31-Dec-09 　 31-Dec-10 30-Jun-10 　 Audited 　 Audited 　 Audited Unaudited (In $ millions) 　　　　　　　 Assets 　　　　　　　 Cash & Cash Equivalents 　 $2.90 　 $4.15 　 $13.65 　 $22.31 Account Receivables 　 $1.10 　 $1.77 　 $4.08 　 $3.23 Inventories 　 $0.80 　 $0.46 　 $2.12 　 $2.59 Current Assets 　 $5.10 　 $6.59 　 $21.51 　 $29.26 Total Assets 　 $33.00 　 $36.64 　 $52.09 　 $59.45 　　　　　　　　 Liabilities 　　　　　　　 Short-term Debt 　 -- 　 $3.08 　 $1.03 　 $7.31 Current Liabilities 　 $1.10 　 $3.72 $6.32 $11.68 Long-term Debt 　 $0.20 　 -- 　 $4.23 　 -- Total Liabilities 　 $1.10 　 $4.98 　 $12.75 　 $12.21 　　　　　　　　 Total Stockholders' Equity 　 $31.90 　 $31.66 　 $39.33 　 $47.24

We announced a one million share repurchase on May 16 th ; the account in the US is fully funded and to date, we have repurchased shares opportunistically.
We are seeking two highly qualified individuals to join the Board of Directors as independent directors – and hope to announce their appointment by the end of the third quarter.
We will seek to increase China media and analyst coverage; website to be kept current with photos and video and operational developments.
The Company’s stock price is trading at levels we think is undervalued :
 Cash is 104% of share price  Market Cap / NAV of 0.57x
 Market value / book value of 0.45x  EV / EBITDA of 0.37x
Going forward, will continue to engage in best practices regulatory and disclosure procedures. Will also seek to provide additional due diligence information so as to inspire more confidence in the Company and differentiate it as distinct from the currently challenging environment of the space.
Capital Markets – Confidence Building Measures

High margin growth driven by its diversified customer base, consumption / export growth in China, and new plant and geographical base
Innovative technologies and resourcing serve as an early-mover / clean fuel alternative to unsustainable levels of imported foreign oil
Oil price volatility, global warming and sustainability issues are driving demand for specialty chemicals and biofuels derived from renewable resources
Diversified Revenue and Customer Base Specialty Chemicals Biodiesel Value Proposition Investment Thesis
Proprietary technology and expertise in renewable resourcing and the development of high-margin specialty chemicals and biofuels
Macro- thesis Investment Thesis

Tai-ming Ou, Chairman and CEO
Co-founded the Company in 1995. Prior to forming China Clean Energy, Mr. Ou was the Director of General & Administrative Office of Fuqing First Secondary School. Mr. Ou was also in charge of a factory operated by the school. He is a licensed senior economist and has a Bachelor’s Degree in Mathematics from Fujian Normal University.
Ri-wen Xue, Chief Operating Officer
Joined as Production Manager in 2000 and was promoted to Vice General Manager of Operations in December 2003. Mr. Xue was formerly a Director of Credit at Commercial and Industrial Bank of China and an engineer at CMOS Chip Copperize Corp. in Japan (fluent in Japanese). He holds a Bachelor’s Degree in Finance Administration from Jimei University.
William Chen, Chief Financial Officer
Joined China Clean Energy as the Vice President of Investor Relations in December 2009 and was appointed CFO in February 2010. Mr. Chen was formerly a financial analyst at Wealth Transition Planning LLC, a financial services firm in New York. Prior to that he was a director assistant in EKN Financial Services. Mr. Chen holds a Bachelors Degree in Finance and Investments from Baruch College and is working towards an MBA degree.
Yun He, Senior Vice President of Sales and Distribution
Mr. He participated in the initial financing efforts and was promoted to Deputy General Manager - Sales & Distribution in December 2003. Mr. He is a former resident and international trade executive in the former Soviet Union and Czechoslovakia.
Management Team

Management Team @ New Plant

Jiangyin Plant: Recent Photos

China Clean Energy’s new 90,000 ton plant has the flexibility to produce specialty chemicals and/or biodiesel to diversify business risk. Jiangyin Plant: Recent Photos

Thank You! Contact Information: China Clean Energy Inc. William Chen , CFO Phone: +1 (347) 235-0258 Email: william.chen @chinacleanenergyinc.com IR Agency: CCG Investor Relations David Rudnick Phone: +1 (646) 626-4172 Email: [email_address] Auditors: Friedman, LLP Eddie Wong Phone: +1 (212) 842-7640 Email: [email_address] SEC Attorney: Haynes and Boone LLP Rick Werner Phone: +1(212) 659-7300 Email: [email_address] This Presentation of China Clean Energy was developed by the Company and CCG and is intended solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy the Company’s stock. This presentation is based upon information available to the public, as well as other information from sources which management believes to be reliable, but is not represented by China Clean Energy or CCG as being fully accurate nor does it purport to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice. China Clean Energy Website www.chinacleanenergyinc.com

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China Clean Energy, Inc.

by CCG Investor Relations on May 25, 2010

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China Clean Energy, Inc. — Presentation Transcript