Pingmei Shenma establishes a new energy company with a biomass liquid fuel business.

According to the app, recently, Pingmei Shenma Gu Run Energy Co., Ltd. was established with a registered capital of 200 million yuan. Its business scope includes biomass energy technology services, biomass liquid fuel production process research and development, and sales of equipment for biomass liquid fuel production. Equity penetration data from shows that the company is wholly owned by China Pingmei Shenma Holding Group Co., Ltd.