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China Integrated Energy Discloses Details about Renewable Energy Business

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December 07, 2010

China Integrated Energy Discloses Details about Renewable Energy Business

By Jyothi Shanbhag
TMCnet Contributor

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China Integrated Energy, Inc., a non-state-owned integrated energy company in China engaged in production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of retail gas stations, recently provided an update regarding its biodiesel production business, which gives a clear idea about its production, plans and revenue structure.


China Integrated Energy is currently is the only biodiesel manufacturer in China that has a distribution license. According to the company, it has sold approximately 64,800 tons of biodiesel to power plants, marine transportation companies, next-tier distributors and retail gas stations earlier this year. Its two largest customers are Da Tang Shaanxi Power Generation Co. Ltd., and Hua Neng Tongchuan Power Generation Co., Ltd.

Apart from that, the company has also won four patents and has five patents pending approval, and two other applications submitted, all of which relate to the production process for its first generation of biodiesel production plant, the company is able to mix a variety of raw materials interchangeably at any ratio to produce the same high-quality biodiesel. As a result, the company is able to make the most use of even the least expensive feedstock, which has allowed the company to maintain consistent margins.

China Integrated Energy is currently involved in constructing a new biodiesel facility in Tongchuan City, Shaanxi Province, adjacent to its existing 100,000 MT biodiesel production facility, for which it plans to spend $15 million to construct the facility.

With this, the company expects to increase the total biodiesel production capacity to 200,000 tons upon completion of the construction. The company utilizes an extensive distribution network to distribute traditional petroleum products, and operates 13 retail gas stations in China.

The company reaffirmed the newly updated 2010 guidance with revenue of $435 million and net income of $53.5 million representing an increase of 50.2 percent and 41.2 percent, respectively, from 2009.

China's National Energy Administration (NEA) has formulated a development plan for the clean energy industry, which includes wind, solar, biodiesel and nuclear energy, to receive direct investments totaling $738 billion from 2011 to 2020 to promote the development of clean energy industries in order to meet the carbon emissions reduction targets set by the PRC government by 2020.


Jyothi Shanbhag is a contributing editor for TMCnet. To read more of Jyothi's articles, please visit her columnist page.

Edited by Tammy Wolf

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