China New Energy Group Co.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Yang Kan Chong
- Full Time Employees
- 130
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 20th Floor Centre Plaza Tianjin People's Republic of China 300042
- IPO Date
- May 12, 2004
- Website
- chinanewenergy.co.uk
- Similar Companies
- Business
- China New Energy Group Co. China New Energy Group Co. (CNER), a clean energy infrastructure and finance company, develops, constructs, and operates natural gas distribution networks; distributes natural gas to residential, industrial, and commercial customers in small and medium-sized cities in China, including Dashiqiao, Nandaihe, Zhanhua, and Wuyuan, serving approximately 64,000 consumers; and commercializes modular waste-to-energy technologies such as the syngas bioReactor, a containerized pyrolysis system that converts organic waste like manure into up to 1.5 megawatts of thermal energy per hour, biochar, carbon credits, and nutrient-rich byproducts. The company, founded in 2004 and headquartered in Tianjin, China, operates primarily in the utilities sector with a focus on gas utilities and emerging carbon-negative microgrids for agriculture, industry, and remote operations, targeting markets in China and North America. In recent developments, China New Energy Group Co. changed its name to bioEnergy Development Inc. on May 6, 2025; previously transitioned from Thrive Precision Health Inc. on February 15, 2024, following the acquisition of Thrive Testing and Biosafety, Inc. for approximately $130 million; and entered a strategic agreement on April 22, 2025, with BioEnergy Solutions Inc. to commercialize syngas bioEnergy technology, establishing subsidiary SynGas BioEnergy Corporation for initial deployment at a California San Joaquin Valley cattle operation to provide energy security for farmers and ranchers.
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