RNS Number:7342P
China Biodiesel International Hold 
18 January 2007



FOR IMMEDIATE RELEASE                                  Thursday, 18 January 2007
                                                                  

                China Biodiesel International Holding Co., Ltd.
                            ("CBI" or "the Company")

            Pre-close statement for the year ended 31 December 2006

CBI, the leading producer of biodiesel focused on the Chinese market, is pleased
to announce that it expects its results for the year ended 31 December 2006 to
be in line with market expectations. The Company will announce its results for
the year ended 31 December 2006 on Monday 16 April 2007.

CBI was admitted to AIM on 30 June 2006 having raised #8 million to increase its
production capacity for biodiesel, which the Company manufactures from waste oil
using a proprietary technology and process, in response to growing market
demand. The funds raised continue to be invested principally in new capacity at
CBI's existing site in Longyan (where current capacity is 20,000 tonnes per
annum) and in the construction of a new plant in Xiamen.

Due to the torrential rain experienced during last summer and autumn 2006,
construction of the new 30,000 tonnes per annum plant in Longyan has been
delayed. It is however expected that production at the new plant will now
commence during the first quarter of 2007.

The new 50,000 tonnes per annum plant in Xiamen has been commissioned and, as
originally planned, production is expected to start in the third quarter of
2007.

The Company has acquired a further piece of land (totalling 59,000 square meters
in area) in Longyan at a cost of 1,770,000 RMB which, it is intended, will be
the site of the Company's third biodiesel plant. It is anticipated that this
plant will have a capacity of 100,000 tonnes per annum and construction of the
plant is currently anticipated to begin at the end of 2007.

As the leading biodiesel manufacturer in China, the Company expects to benefit
from new fiscal policies, introduced by the Chinese government on 1 November
2006, which will provide fiscal grants and tax allowances to the biodiesel
industry.

In accordance with WTO regulations, China has agreed to open its domestic
wholesale markets for crude oil and fuel products. From 11 December 2006, China
moved away the state controlled monopoly on the fuel wholesale sector and has
begun to allow state-owned, private and foreign companies to compete more
freely. This means the Company will in future have a wider range of wholesalers
whom they anticipate they will be able to supply with biodiesel. This
development has given the Company the opportunity to expand its marketing
strategy, in addition to creating an environment supporting the Company's
competitive plans for growth and development.

Overall, the board of CBI is confident in the Company's trading prospects and
financial performance for the forthcoming financial year.


Enquiries:

Gloria He, CFO:                                                +86 (592) 7890366
James King Wang, Company Secretary:                            +86 (597) 2283825

Simon Bloomfield or Samantha Kinghorn
Bankside Consultants                                        +44 (0) 207 367 8888

For further details please visit the CBI website at :

http://www.chinabiodiesel.cn/ or http://www.chinabiodiesel.net/



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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