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NACF: China Cutting Emissions to Boost Solar Stocks


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© Business Wire 2010
2010-09-02 19:11:33 -

National Clean Fuels, Inc. (PinkSheets:NACF) cheered a report this week from a top investor that China will likely introduce more measures in the coming year to support the development of cleaner energy, boosting shares of solar companies.

Bloomberg News reported that Shi Bo, the general manager of Shanghai Elegant Investment Co., recommends that investors favor shares of Chinese solar companies as that government promotes cleaner sources of energy. According to Bloomberg, Shi oversees about $400 million dollars and his fund outperformed 98 percent of China-domiciled funds in the past year.

“China’s shift away from energy-intensive and polluting industries to a low-carbon economy is one of the key investment opportunities in the next three years,” Shi said. “You have to invest in sectors

that the government is advocating.”

China, the world’s biggest polluter, could spend up to 5 trillion yuan over the next decade developing cleaner alternatives to energy derived from fossil fuels, said Jiang Bing, head of the National Energy Administration’s planning and development department, in July. China is already the global leader in solar technology manufacturing.

National Clean Fuels is poised to capitalize on the explosive growth of solar technology in China. The company is dedicated to implementing profitable development partnerships that advance clean-fuel technologies around the globe. The Chinese solar economy includes companies such as Trina Solar (NYSE: TSL), Suntech Power (NYSE: STP), Yingli Green Energy (NYSE: YGE) and LDK Solar (NYSE: LDK).

For more information, please visit www.nationalcleanfuels.com : .


About National Clean Fuels, Inc.

National Clean Fuels, Inc. (NACF) commercializes cutting-edge clean energy technologies. National Clean Fuels, Inc. is an emerging industry player capitalizing on its understanding of clean energy technology and supporting the development of alternative energy plans for corporations and government entities.

For more information, visit www.nationalcleanfuels.com :

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.



National Clean Fuels, Inc.Maurice Stone, 832-308-1260President inforequest@natcleanfuels.com : mailto:inforequest@natcleanfuels.com


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