Shanghai Offshore Oil Enterprise Development Co., Ltd is a state-owned enterprise whose registered capital reaches RMB 100 million yuan and whose headquarter is in Shanghai. Our company is mainly responsible for the introduction of high-tech patented technologies, equipment and products with energy-saving and environmental-protection functions from foreign energy industry, the development and production of biological fuel oil as well as popularization of the use of high-tech products with energy-saving and environmental-protection functions in China.

　    Shanghai Offshore Oil Enterprise Development Co., Ltd is now planning to invest RMB 780 million yuan in the joint development of Wulantuga Coal Mine in Xilinguole League with concerned party of Inner Mongolia Autonomous Region, to jointly invest 10 million US dollars in the equipment producing biological fuel in China with U.S.A. Biological Fuel Equipment Company and to jointly invest 10 million US dollars in a factory processing waste oil or vegetable oil into biological oil in China with Ag Processing Inc., the largest bean oil manufacturer in U.S.A.

　    In addition to selling petrol, diesel oil and heavy oil, Shanghai Offshore Oil Enterprise Development Co., Ltd. mainly imports and sells biological fuel oil, energy-saving additive for fuel oil, environment-friendly additive for fuel oil, energy-saving additive for ceramic metal lube and environment-friendly additive for ceramic metal lube.

　    Shanghai Offshore Oil Enterprise Development Co., Ltd. is the general agent of U.S.A. Biological Fuel Equipment Company in China, the Chinese franchisee of Ag Processing Inc.(the largest biological fuel oil manufacturer in U.S.A.), the Chinese franchisee of U.S.A. Omstar Company, a fuel energy saving and environmental protection additive company and the Chinese franchisee of U.S.A Universal Power, Inc., a ceramic metal lube company.