Exhibit 99.1

Sino Clean Energy, Inc. Announces Unaudited Third Quarter 2011 Financial Results

3Q11 Revenue Decreased 31.2% Year-Over-Year to $17.2 million
3Q11 Net Income Decreased 41.7% Year-Over-Year to $3.3 million

XI'AN, China, November 17, 2011 — Sino Clean Energy Inc. (NASDAQ: SCEI) ("Sino Clean Energy," or the "Company"), a leading producer and distributor of coal-water slurry fuel ("CWSF") in China, today announced unaudited financial results for the third quarter of 2011.

Third Quarter 2011 Financial Highlights
 
·
Revenues in the third quarter of 2011 were $17.2 million, a decrease of 31.2%from $24.9 million in the same quarter of 2010.
 
·
Net income in the third quarter of 2011 was $3.3 million, a decrease of 41.7%from $5.6 million in the same quarter of 2010. Non-GAAP adjusted earnings, which excludes change in fair value of derivative liabilities of $2.7 million and gain on extinguishment of derivative liability of $3.1 million, was $2.8 million, a decrease of 56.7% from $6.6 million in the same quarter of 2010.
 
·
Earnings per share were $0.14. Adjusted earnings per share were $0.11.
 
·
Net cash generated from operations was $2.5 million in the nine months ended September 30, 2011, compared to $21.3 million in the nine months ended September 30, 2010.

Mr. Baowen Ren, chairman and chief executive officer of Sino Clean Energy, commented, "I’m pleased that the company managed to maintain acceptable sales volume during a very challenging third quarter when operations at our largest customer remained suspended. In Tongchuan, we further lost one customer to a low-price competitor and one customer suspended operations due to a reduced loan facility. On the positive side, the customer base and order volume of our Dongguan facility continued to increase during the period, partly offsetting revenue reduction from our Shenyang and Tongchuan facilities. With our largest customer resuming operations at the beginning of the fourth quarter, we are confident that our Shenyang facilities will ramp up quickly and begin contributing again to overall revenue in the future.”

 
 

The following information was filed by Sino Clean Energy Inc (SCEI) on Friday, November 18, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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