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.

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33

Equity Snapshot

Ticker Symbol: CCGY.OB

Price (12/09/2008): $0.16

Market Cap: $5.0 mil

Shares Outstanding: 31.5 mil

Revenues (ttm to 9/30/2008): $21.0 mil

Net Income (ttm to 9/30/2008): $2.5 mil

Fully-Diluted EPS (ttm to 9/30/2008) (1): $0.08

P/E (ttm to 9/30/2008): 2x

Source: Capital IQ, Company SEC Filings

(1) Based on current share count of 31.5 mil

44

Existing Plant Facts • Headquartered in Longtian, Fuqing City, Fujian

Province, PRC• 311,000 square feet ISO-certified production facilities• 18,000 tons per year of specialty chemicals capacity• 10,000 tons (3 mill gallons) per year of biodiesel

capacity

Biodiesel and Specialty Chemical Products• Biodiesel• Monomer Acid • Stearic Acid• Dimer Acid• Printing Inks• Dimer Acid-Based Polyamide Hot Melt Adhesives

New Plant Facts• Located in Jiangyin Industrial Park, 20 miles from

existing plant in Fuqing City, Fujian Province, PRC• Designed to produce up to 100,000 tons of biodiesel

and/or specialty chemicals

Corporate Overview

55

Corporate History

Founded in Fujian Province in China to produce environment-friendly specialty chemicals made from waste vegetable oil

1995

Feb 2006

Nov 2006

Expects to complete the construction of new plant Jun 2009

Key Milestones

Completed a $15 million private placement to finance new 100,000 ton plant

Jan 2008

Commenced production of biodiesel fuel from cottonseed leavings and yellow grease using proprietary technology.

Dec 2005

Became a wholly foreign-owned enterprise (“WFOE”).

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 (1)

Technology Co., Ltd.

100％

Fujian Zhongde (2)

Energy Co., Ltd.

Corporate Structure

(1) Existing Plant(2) New Plant

66

High Growth Opportunity from Funded Capacity Expansion Focused on High Growth Opportunity from Funded Capacity Expansion Focused on Specialty Chemicals and Biodiesel Specialty Chemicals and Biodiesel

11

Diversified Revenue Base Balances Risk and Positions Company to Diversified Revenue Base Balances Risk and Positions Company to Take Advantage of Both Specialty Chemical and Biodiesel OpportunitiesTake Advantage of Both Specialty Chemical and Biodiesel Opportunities

DedicatedDedicated ManagementManagement TeamTeam withwith Long Operating HistoryLong Operating History

Profitable Business and Solid Financial ConditionProfitable Business and Solid Financial Condition

2

33

44

Investment Thesis

Jiangyin Plant

77

New 100,000 ton plant expected to come into production in the 2nd Quarter of 2009 offers immediate growth catalyst.

11

88

New 100,000 ton plant will have the flexibility to produce biodiesel and/or specialty chemicals to diversify business risk.

11Jiangyin Plant

99

Diversified Product Offering

 Product% of Sales

End Use  2007 9M 2008

1  Dimer Acid 37.0 32Used in the production of resins, lubricants, coatings and corrosion-resistant agents.

2  Biodiesel 26.54 Environment friendly substitute for fossil diesel

3  Polyamide Resin 21.833 Used primarily in gravure printing inks and is compatible with gravure printers that have varying rotating speeds

4  Asphalt 5.32 Low value added by-product

5  Polyamide Hot Melt Adhesive 3.413

Used in a wide range of applications, from book-binding and adhesion of fabrics, leather, plastic and wood to cementation of metal, ceramics and electronic components

6  Printing Ink 3.24  

7 Other 2.612  

In 2007 and the first 9 months of 2008 specialty chemicals accounted for 75% and 96% of sales, respectively.

2

1010

Diversified Customer Base 20072

  Customer Product

2007 Sales

  $ %

1Fuqing Zhongdong Filling Station Biodiesel 3,168,720 14.6

2Fuqing Risheng Filling Station Biodiesel 2,604,989 12.0

3Hangzhou Yangsheng Chemical Co. Ltd. Specialty Chemicals 1,819,939 8.4

4Dachang Resins (Huizhou) Co. Ltd. Specialty Chemicals 1,647,038 7.6

5Air Products and Chemicals (PTE) Ltd. Specialty Chemicals 1,349,820 6.2

6Micro Ink Co. Ltd. Specialty Chemicals 1,196,054 5.5

7Cray Valley Resins PVT., Ltd. Specialty Chemicals 1,027,040 4.7

8HBG Exports Co., Ltd. Specialty Chemicals 669,240 3.1

9Shanming Youcheng Trading Co. Specialty Chemicals 624,739 2.9

10Fuzhou Baisheng Precision Chemical Co., Ltd. Specialty Chemicals 593,486 2.7

 Total (top 10)

  14,701,065 67.6

  Total Company (197)

  21,756,010 100.0

Diversified customer base include leading multinational chemical companies.

1111

Diversified Customer Base 9Mos 20082

  Customer Product

9M 2008 Sales

  $ %

1Fuzhou Baisheng Precision Chemical Co., Ltd. Specialty Chemicals 877,935  6 

2Cray Valley Resins PVT., Ltd. Specialty Chemicals 823,342  6 

3Hangzhou Yangsheng Chemical Co. Ltd. Specialty Chemicals 750,601 5

4New Power International Co., Ltd Specialty Chemicals 698,188 5

5Dachang Resins (Huizhou) Co., Ltd Specialty Chemicals 683,270 5

6ABC Exports Specialty Chemicals 669,165  5 

7Air Products and Chemicals PTE., Ltd Specialty Chemicals  472,771 3

8HBG Exports Co., Ltd. Specialty Chemicals   401,778 3

9Fujian Kaiyuan Suo Jiao Co., Ltd Specialty Chemicals 388,224 3

10Scientech Asia PTE, Ltd.Specialty Chemicals

335,217 

2

 Total (top 10)

  2,520,283  26 

      

Diversified customer base include leading multinational chemical companies.

1212

• Rapidly growing Chinese economy

• Increasing demand for environment friendly chemicals internationally

• Specialty chemical capacity expansion to 18,000 ton of production in 2007

Source: Company SEC filings.

14,474

10,339

7,898

0

5,000

10,000

15,000

FY 2006 FY 2007 9M08

Specialty Chemical Shipments - Tons

40%

Specialty Chemicals Opportunity

The Company’s specialty chemical business has been growing at a solid pace.

Specialty Chemical Shipments (Thousand Tons)

Growth Drivers

2

1313

RM

B

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2006 2007 Q108 Q208 Q308 Q408E

Average Selling Price Raw Material Cost

Specialty Chemicals Opportunity 2

The specialty chemicals business in China is unregulated and benefits from relatively stable gross margins over the cycle.

Specialty Chemical ASPs vs. Raw Material Prices

18.0

20.5

23.826.9

31.6

48.657.0

0

10

20

30

40

50

60

2001 2002 2003 2004 2005 2006 2007

72.7

77.4 85

101.1

110.2

116.1 123.4

0

20

40

60

80

100

120

140

2001 2002 2003 2004 2005 2006 2007

Demand for Diesel in China (Million Tons)

CAGR: 21.2%

Biodiesel Opportunity

Source: CEIC, Source: CEIC

14

CAGR: 9.2%

Strong economic growth and increasing vehicle fleet drive demand for diesel in China.

2

Motor Vehicle Fleet in China (Million)

0

50

100

150

200

250

300

350

400

1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Mill

ion

ton

s

0

10

20

30

40

50

60

70

80

$/B

arr

el

China Oil Consumption China Oil Production West Texas (rhs)

Oil Demand and Supply Balance in China (Million Tons)

Biodiesel Opportunity 2

Energy security is a key consideration in the effort to encourage production of fuel made from renewable resources.

Source: BP Statistical Review

Energy Mix in China

1616

2004

2020

RenewableSources 20%

Coal and Oil 70%

Gas 10%

Coal 68%

Gas 3%

Other 6%

Oil 23%

(source: Credit Suisse, IEEJ,US Department of Commerce).

0

50

100

150

200

250

300

350

400

2007 2010 2020 2030

02468101214161820

Diesel Forecast (LHS) Biodiesel @ 5% Blend (RHS)

Renewable energy is targeted to represent 20% of energy consumption in China by 2020.

Biodiesel and Diesel Demand Forecast(Million Tons)

2Biodiesel Opportunity

1717

23.9

20.319.0

17.916.7

15.714.613.6

0

10

20

30

2001 2002 2003 2004 2005 2006 2007 2010E

Edible Oil Consumption in ChinaMillion Tons

Supply of waste edible oil is estimated at 5 million tons and may be supplemented by import of palm oil waste.

(source: Datamonitor Aug/2007).

CAGR: 6.5%

2Waste Oil Supply Availability

Palm Oil Waste

• Malaysia and Indonesia are the world’s top two palm oil markets

• China Clean Energy’s multi feedstock technology allows use of palm oil waste in its production process

1818

Wholesale Diesel Price in China (RMB per Ton)

Diesel Price Policy in China

• Liberalize energy price to boost efficiency and conservation of resources

• Reduce gap between international oil price and state-set domestic price

• Reduce inflation pressure

Diesel Prices 2

RMB5,770

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

March-26-06

May-24-06

Nov-1-07 Jan-15-08

June-11-08

June-20-08

Dec-19-08

RM

B/T

on

Series1

RMB4,540

RMB5,040

RMB5,520RMB 5,610

RMB 8,000

RMB 6,520

1919

2Proprietary Technology

Proprietary technology allows company to use lower cost waste vegetable oils to produce an array of products.

• Proprietary biodiesel production process using special catalyst which allows from waste feedstock such as cotton-seed waste and waste grease

• Proprietary and patented multi-purpose polyamide hot-melt adhesive for use in: • Inks• Adhering Polyolefin • Engineering Plastics • Films• Pyrocondensation Goods, and Others

•Build strong brand recognition for its environment-friendly specialty chemical

•Expand product offering to include high-end specialty-chemical products such as hot melt adhesives targeting import substitution

•Leverage Company’s new 100,000 plant to meet demand from high volume customers

20

Specialty Chemical Biodiesel

Growth Strategy 2

• Capitalize on strong demand for transportation fuel in China

• Take advantage of favorable policies supporting adoption of biodiesel

• Leverage Company’s new 100,000 plant to meet demand from high volume customers

2121

Expansion Plans

Strategically select plant locations

• Second refinery is located at Jiangyin port is scheduled to be completed in second quarter of 2009– Port location will allow quick and cost-effective access to imported

feedstock

– Easy access to potential customers such as ships which consume large amount of diesel

– Potential to tap the export market

• Future Hebei and Xinjiang refinery locations are planned to take advantage of strong cotton cultivation industries– Easy access to raw material such as cotton-seed waste

– Duplicate existing plant conditions – sell to diesel retailers in close proximity

– Avoid transportation costs by building plants close to feedstock

– The biodiesel segment has virtually no accounts receivables

2

2222

China Clean Energy has an experienced management and R&D team

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 and shareholder 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 (CIBC) and an engineer at CMOS Chip Copperize Corporation in Japan (fluent in Japanese). He holds a Bachelor’s Degree in Finance Administration from Jimei University.

Shannon Yan, Chief Financial Officer• Joined China Clean Energy in 2008 as Chief Financial Officer. Ms. Yan was a Senior Financial Analyst

for Sara Lee Corporation; previously, she was a financial analyst and a project leader and formerly a senior accountant at Richman Manufacturing Corporation. Ms. Yan holds a Bachelor’s Degree in English and Master of Education with a concentration in Accounting. She is currently pursuing her MBA at the University of Chicago.

Yun He, Senior Vice President of Sales and Distribution• Mr. He participated in the initial financing efforts, became a shareholder in 1995 and was promoted to

Deputy General Manager - Sales & Distribution in Dec. 2003. Mr. He is a former resident and international trade executive both in the former Soviet Union and Czechoslovakia.

Management Team 33

2323

China Clean Energy has an experienced management and R&D team (Cont.) Zicai Liang, Professor and R&D Advisor

• Professor, Doctor / Mentor and Master Instructor at Sichuan University Macromolecule Institute and formerly a researcher at Chengdu Technology University. Mr. Liang has published over 60 industry papers , owns 4 patents and has 4 years of research experience in the US as a visiting scholar. Mr. Liang holds a Bachelor’s Degree from China Technology University and a Master’s Degree from Chengdu Technology University.

Yu Lin, Professor, Chemical Science Advisor, Inks & Printing• Senior Research Scientist at Fujian Province Chemical Institute. Mr. Lin has been awarded several medals

for research related to printing technologies. He holds a degree from Fuzhou University Chemical Institute.

Heng Zhang, Professor, Oil Chemistry Applications Advisor• Vice Superintendent of Shanghai Grain Institute. Mr. Zhang is a frequent publisher on the subject of “Dimer

Acid Industrialization” and related topics. Mr. Zhang holds a degree from Shanghai Huadong Chemical Institute in Grease Chemistry.

Shengxiong Dong, Chemical Science Advisor• Professor, Doctor / Mentor and Master Mentor at Fuzhou University, Chemistry & Chemical Institute,

Member of Fujian Government Safety Production Expert Associate and Director of Fujian Chemical Association. Mr. Dong is a former visiting scholar at the University of California at Davis Chemical Institute and has over 80 professional papers cited in domestic and international publications or conferences. He has won awards for research on chemical separation, membrane science & separation and functional macromolecule material technologies.

R&D Advisors 33

Net Revenue Gross Profit

Operating Profit Net Income

$13.5

$21.8

$14.9 $14.1

0

10

20

30

2006 2007 9M2007 9M2008

($ Mil)

$3.8

$5.9

$4.0$3.3

0

5

10

2006 2007 9M2007 9M2008

($ Mil) 27.1% 26.9% 23.4%

$2.2

$3.5

$2.2

$1.3

0

1

2

3

4

5

2006 2007 9M2007 9M2008

$1.3

$3.4

$1.2$2.0

0

1

2

3

4

5

2006 2007 9M2007 9M2008

(2) (2)

15.6% 13.4% 8.5%14.8% 9.2%

Key Performance Metrics

44

($ Mil) ($ Mil)

28.2%

16.1%16.3% 9.6%

2525

Income Statement Summary

Source: Company SEC filings. All figures in millions except EPS numbers. Some figures may not add up to rounding. FY06 net income includes $0.5 million nonrecurring charge related to the “reverse acquisition” of China Clean Energy Resources Ltd.

Audited  Audited       

FY06 FY07 Q108 Q208 Q308

Specialty Chemicals $10.10 $16.00 $3.92 $5.48 $3.94

Biodiesel $3.40 $5.80 $0.55 $0 $0.54

Total Revenues $13.50   $21.80   $4.47 $5.48 $4.48

Operating Income $2.20   $3.50   $0.31 $0.74 $0.11

Net Income $1.30   $3.40   $0.16 $0.56 $0.19

FD EPS $0.07   $0.16   $0.01 $0.02 $0.01

44

2626

Balance Sheet Summary

Source: Company SEC filings. All figures in millions. Some figures may not add up due to rounding.

Audited FY06

Audited FY07

Unaudited 9-30-2008

Assets            

Cash & Cash Equivalents $2.2 $1.1 $6.4 Account Receivables $1.8 $2.8 $1.1

Inventories $0.9 $1.4 $1.4

Current Assets $5.2 $6.3 $9.3

Total Assets $12.4   $17.0   $33.3

Liabilities          

Short-term Debt $1.3 $1.2 $0.23Current Liabilities $1.8 $2.0 $1.0

Long-term Debt $0.0 $0.2 $0.08

Total Liabilities $1.8   $2.3   $1.1

Total Stockholders' Equity $10.6   $14.8   $32.2

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2727

High Growth Opportunity from Funded Capacity Expansion Focused on High Growth Opportunity from Funded Capacity Expansion Focused on Specialty Chemicals and Biodiesel Specialty Chemicals and Biodiesel

11

Diversified Revenue Base Balances Risk and Positions Company to Diversified Revenue Base Balances Risk and Positions Company to Take Advantage of Both Specialty Chemical and Biodiesel OpportunitiesTake Advantage of Both Specialty Chemical and Biodiesel Opportunities

DedicatedDedicated ManagementManagement TeamTeam withwith Long Operating HistoryLong Operating History

Profitable Business and Solid Financial ConditionProfitable Business and Solid Financial Condition

2

33

44

Investment Thesis

2828

Contact Information:China Clean Energy Inc.Shannon Yan, CFO Email: shannon.yan@chinacleanenergyinc.comwww.chinacleanenergyinc.com

IR Agency: CCG Investor RelationsEd Job, CFAPhone: +1(646) 213-1914 Email: ed.job@ccgir.com

Auditors: Moore StephensxxxPhone: +1(909) 594-2713Email: xxx

SEC Attorney: Haynes and Boone LLP Rick WernerPhone: +1(212) 659.7300 Email: Rick.Werner@haynesboone.com

Thank You!