Sino Bioenergy Salutes China Energy Policy
01 Setembro 2011 - 10:03AM
Sino Fibre Communications, Inc. (OTC Pink: SFBE, Borse Berlin: 3SF)
today saluted the release of China's Energy Policy.
The Chinese government is implementing multiple policies to
promote renewable energy. China invested US$34.6 billion into clean
energy in 2009, an amount ranked #1 among G20 countries, and almost
twice of that of the U.S. The Renewable Energy Law passed in 2005
explicitly states in its first chapter that the development and the
usage of renewable energy is a prioritized area in energy
development. China has enacted a number of other policies to
standardize renewable energy products, to prevent environmental
damage, and to regulate price of green energy. These policies
include, but are not limited to Renewable Energy Law.
Please see:
http://en.wikipedia.org/wiki/Energy_policy_of_China
"This is very good news for SFBE and for our developing
bioenergy business in China," commented CEO Daniel Mckinney. "We
are currently in negotiations for the construction and financing of
our factories around China."
Further, the Company has made significant progress in its goal
of becoming current in its filings. The 2009-2010 audit currently
being conducted by Malone-Bailey LLC is proceeding as announced on
June 21, 2011.
The Company has submitted an application to FINRA in order to
officially finalize its name change to "Sino Bioenergy Corp."
and hopes to receive notification for the effective date soon.
About Sino Bioenergy Corp.
Established in May 2005, Sino Bioenergy Corp. is a Nevada
Corporation that trades on the OTC Pink and Bourse Berlin Exchange
(symbol: 3SF). Please see our websites at: www.sinobioenergy.com
and our 60% owned subsidiary: www.xinbaobiomass.com
The Sino Fibre Communications Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4102
This press release contains forward-looking statements based on
management's expectations and beliefs, and may involve known and
unknown risks and uncertainties and other factors that may cause
the actual results to be materially different from the results
implied herein. Readers are cautioned not to place undue reliance
on the forward-looking statements made in this press release.
CONTACT: Investor Relations:
Dennis Burns
Tel: 419-951-4842
denny@nvestrain.com
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