bioEnergy is tackling large scale environmental issues from farming
Spokane, WA USA– (May 12, 2025) – China New Energy Group Company “CNER” or “Company”) (OTC-Pink-Alternative Reporting: CNER) announced today it has completed a name change of the Company to bioEnergy Development Inc., as registered in the State of Wyoming on May 6, 2025.
The Company’s focus will be on converting biowaste into energy, addressing both the environmental crisis due to cattle farming and energy shortages in high demand locations.
About bioEnergy Development Inc.
bioEnergy Development Inc. (formerly China New Energy Group Company) (OTC: CNER) is focused on accelerating breakthrough technologies in the bioenergy sector. We aim to finance and scale solutions that convert organic waste into renewable energy, carbon-negative byproducts, and sustainable agricultural inputs. We partner with leading innovators to commercialize decentralized, on-site energy systems that meet the urgent need for clean, resilient, and cost-effective power. CNER’s initial focus is on deploying modular bioReactor technology to convert manure, crop residue, and forestry waste into syngas, biochar, and nutrient-rich outputs. These containerized systems are prebuilt, portable, and scalable designed for rapid installation directly at the waste source. Each reactor powers industrial agriculture with up to 36 MWh per day of clean thermal energy, reducing emissions and enabling farmers to become energy self-sufficient. As a venture company, CNER provides capital and operational support to newly formed subsidiaries that advance the global transition to waste-based energy infrastructure. With growing demand for grid-independent power, environmental compliance, and sustainable farming practices, CNER is positioned to lead in transforming organic waste into a renewable asset profitably and at scale.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the Company’s future financial performance, as well as the Company’s strategy, future operations, revenue guidance, projected costs, prospects, plans, and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events. They are based on currently available information about the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nothing in this release is intended to be an offer of sale or purchase of any securities nor a solicitation of any offer for the sale or purchase of any securities.
bioEnergy Development Inc. (formerly China New Energy Group Company)
For more information: www.bioenergydev.com
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