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Monday, August 29, 2011

Sino Clean Energy Inc (SCEI) Stock Up on Deal - Nathalin Welstar Energy

Sino Clean Energy (SCEI) stock is up this morning after the company announced a deal with Nathalin Welstar Energy. SCEI stock is currently trading at $1.43 up 14% on light volume.

Sino Clean Energy, Inc. Announces Cooperation MOU with Nathalin Welstar Energy, Company Limited

Aug. 29, 2011 - Sino Clean Energy Inc. (NASDAQ:SCEI - News) ("Sino Clean Energy," or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in China, today announced that it has signed a Memorandum of Understanding ("MOU") and a preliminary engineering, procurement, and construction ("EPC") agreement with Nathalin Welstar Energy, Company Limited ("Nathalin Welstar Energy" or "Nathalin") for cooperation in the construction of a coal water slurry plant in Thailand.

Nathalin Welstar Energy, a subsidiary of leading Thai marine petroleum transport company Nathalin Group, focuses on developing environmentally-friendly energy sources, such as solar, wind, and clean coal. Under the agreement, Nathalin would invest in a 50,000 metric ton coal water slurry fuel ("CWSF") production facility and a minimum 6,000 KW net output electricity power plant along with associated infrastructure. A leader in CWSF manufacturing and distribution in China and what management believes is the first US-listed Chinese company in the CWSF industry, Sino Clean Energy intends to undertake a site visit in Thailand for study and inspection to begin the process of consulting on the technical and financial aspects of the project.





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