Cn Energy Group. Inc. (China)

Through its wholly owned PRC subsidiary, Khingan Forasen, the Company s a manufacturer and supplier of wood-based activated carbon that is primarily used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production, and a producer of biomass electricity generated in the process of producing activated carbon.
As a manufacturer of wood-based activated carbon, its primary raw materials are forestry residues, little fuelwood, and wood wastes, which the Company source from its suppliers. The Company s current facility is located in Tahe County, Heilongjiang Province, in close proximity to the Greater Khingan Range, where its suppliers are primarily located. The Company also source raw materials from Inner Mongolia Autonomous Region.
The Company s produce wood-based activated carbon that is conformed to its customers' specifications. Its activated carbon customers are primarily activated carbon wholesalers and companies engaging in the activated carbon deep processing business. Its customers are all based in the PRC and currently are mainly located in Jiangsu Province, Fujian Province, Zhejiang Province, and Shanghai. The primary end users of its activated carbon are food and beverage producers, industrial manufacturers, pharmaceutical manufacturers, and companies engaging in environmental protection. In addition, the Company s provided activated carbon related technical services to Hangzhou Lianmu Technology Co., Ltd. from time to time since January 1, 2017. The technical services the Company provided included activated carbon mixing ratio adjustments, activated carbon component indicator analyses, absorptive capacity tests, and other technical support. The Company expect to continue to provide similar technical services to Lianmu Technology and its other customers if requested.
The biomass electricity generated during the process of producing activated carbon is supplied to State Grid Heilongjiang Electric Power Company Limited, a subsidiary of State Grid Corporation of China in Heilongjiang Province. The Company s do not supply biomass electricity to any other state-owned or other entity.
Overview
2018 On November 23, 2018, The Company established a holding company, CN ENERGY GROUP. INC, under the laws of the British Virgin Islands.
2013 CN Energy owns 100 of CLEAN ENERGY HOLDINGS LIMITED, a Hong Kong company incorporated on August 29, 2013.
The Company s reserved the symbol “CNEY” for purposes of listing its Ordinary Shares on the Nasdaq Capital Market and plan to apply to list its Ordinary Shares on the Nasdaq Capital Market. It is a condition to the closing of this offering that the Ordinary Shares qualify for listing on a national securities exchange.