WELL.E and others invest to establish a biofuel company

According to the Qichacha APP, recently, Nantong Weijia Biofuel Co., Ltd. was established, with Ding Lei as the legal representative. The business scope includes: research and development of biomass liquid fuel production technology; sales of industrial animal fat chemicals; processing of non-edible plant oils; sales of non-edible plant oils, etc. Qichacha's equity penetration shows that the company is jointly held by WELL.E's wholly-owned subsidiary, WELL.E Biofuel Co., Ltd., among others