New PE Group has been formed through the combination of:
Casey Steel Group: The group possess three production bases in mainland China including Zhangzhou Development Zone in Fujian Province, Chengdu in Sichuan Province and Linyi in Shandong Province; it is a large-scale comprehensive and modernized enterprise group mainly operating and investing high-tech enterprises and high-tech industrialization projects. The companies have passed the ISO9001-2000
certification and the products have obtained the national production license. With its high credit standing, the company was awarded as “National A level Enterprise of Credit” and “Bank AAA Grade Credit enterprise” in consecutive years. In May 2011, a joint venture with Capital Steel Group, it established Shou Gang Casey Steel Co., Ltd. with a total investment of 1.5 billion RMB. Casey Group has been honored as the Top 500 enterprise in Chinese private manufacturing industry.
W&L Group of companies: W&L and its partners operate a group of refineries and oil & gas services in Shandong .If required, The refineries will be available to produce refined fuel according to the specification of New PE group .In addition, W&L team produces Super Battery which allows to reduce both the charging time by many folds and the weight of conventional battery. The Super Battery is currently in the trial use phase with China key organizations.
Cross Ocean International Finance Corporation: invest in key High Technology Portfolio. It includes CM technologies who owns the FCS fuel additive technology. FCS has been tested in North America, Mexico, Middle East and China for its outstanding Fuel & Engine Performance improvement including its reduction of harmful emissions.