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China Integrated Energy, Inc. (fka CBEH)

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China Integrated Energy, Inc (CBEH)

China Integrated Energy, Inc. is a leading non-state-owned, integrated energy company in China engaged in three business segments: the wholesale distribution of finished oil and heavy oil products, the production and sale of biodiesel, and the operation of retail gas stations.

Oil Distribution - We are a high-volume distributor, selling primarily gasoline, diesel, and heavy oil in fourteen provinces and municipalities through seven sales offices located in various regions of China. read more

Biodiesel Production and Sales - We operate a 100,000-ton biodiesel production plant located in Tongchuan City, Shaanxi Province and a 50,000-ton plant in Chongqing City, China. We will increase our total production capacity to 200,000 tons by constructing a new 50,000-ton production facility, adjacent to our 100,000-ton plant in Tongchuan City. read more

Retail Gas Stations - We operate seven retail gas stations located in Xi’an City and other areas in Shaanxi Province with plans for expansion. read more


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Wholesale Distribution of Finished Oil and Heavy Oil Products

Oil Distribution

We wholesale a variety of oil products including gasoline, diesel, and heavy oil.  Gasoline and diesel represent the majority of oil products consumed in China due to automobile and truck usage.  Diesel is also used in agricultural farming machines and power generation. Heavy oil is for further refinery into finished oil products, and also broadly used as fuel for ship boilers, industrial furnaces and heating purposes.  Wholesale distribution of finished oil and heavy oil products accounted for approximately 67.6% of our total sales in 2009, and approximately 66.3% of our total sales in 2008.

We purchased approximately 65.5% of our gasoline and diesel oil products from our top five suppliers in 2009. During 2009, we purchased approximately 30.8% of our gasoline and diesel oil products from Shaanxi Yanchang Group, the fourth largest oil company in China, with whom we have had a strong long-term relationship. While Shaanxi Yanchang Group supplies most of our gasoline and oil, we are actively seeking other sources as well.

Wholesale Oil Distribution Photo Gallery

Click the image below to view photos.

Wholesale Oil Distribution

Oil Storage

We use four oil storage depots, which in the aggregate have the capacity to store approximately 59,000 m3 of oil products.  Two of the state-owned depots are located on railways that provide us convenient access for distributing our products.  We also have access to a 2.65-kilometer railway track connecting the oil storage depots located within our biodiesel production facility to the main railway in Tongchuan City, Shaanxi Province.

Oil Sales and Marketing

We have developed a stable sales network for our products in fourteen provinces and municipalities.  We now employ thirty-six full-time salespersons, and as our business grows, we intend to further expand our network and develop more sales channels.  For our wholesale distribution of finished and heavy oil, we will distribute to two additional provinces in the next eighteen months, adding additional salespersons and establishing more regional sales offices.  We plan to increase our sales volume through enhancing our distribution footprint, and further penetrating our existing customer base and business territories.

Our Customers

We currently sell our finished oil and heavy oil products to regional distributors in China that supply to retail service stations, and directly to end users through our retail gas stations.  We have adopted different terms for payment based upon the financial strength of the customer.  For example, we have entered into agreements with PetroChina, SINOPEC, and other state-owned enterprises whereby we deliver products to agreed-upon locations, and these customers agree to pay us after delivery.  However, we require partial pre-payment  and cash on delivery from our customers that operate distributorships, or own and operate private gas stations, typically 10% to 15% of the total purchase price.  We have not experienced any uncollectible accounts receivable or bad debt write-offs during the past three years.

In 2008 and 2009, our top five customers purchased approximately $49.3 million and $113.2 million of our products, representing approximately 22.8% and 39.1% of our sales during that period, respectively.  China Petroleum and Chemical Corporation Chuanyu Trading Co., Ltd., our largest customer, accounted for approximately 26.6% of our sales in 2009.

Production and Sales of Biodiesel

Biodiesel Production

In 2006, we built a 10,000 square meter biodiesel production facility with an annual design capacity of 100,000 tons in Tongchuan City, Shaanxi Province.  Our achievable utilization rate, after taking into account national holidays and required periodic maintenance, is 90%.  In October 2010, we acquired a 50,000-ton plant in Chongqing City, China. By the end of 2010, we will increase our total production capacity to 200,000 tons by constructing a new 50,000-ton production facility, adjacent to our 100,000-ton plant in Tongchuan City.

Biodiesel Facilities Photo Galleries

Click the images below to view photos of our biodiesel facilities.

100,000-ton Biodiesel Facility
Tongchuan City
50,000-ton Biodiesel Facility
Tongchuan City
50,000-ton Biodiesel Facility
Chongqing City
Potential Acquisition
Hainan Lin Gao Chemical Co., to build a 300,000-ton biodiesel plant at this facility.

Biodiesel Proprietary Production Technology

First Generation Technology

We have been awarded three patents relating to the use of multiple feedstock interchangeably in biodiesel production. Our biodiesel feedstock includes non-edible seed oil, waste cooking oil and vegetable oil residue, most of which have limited alternative uses. We have submitted eight additional patent applications, of which six have passed the preliminary examination and the other two have been accepted for review.

We maintain a flexible procurement model in which we adjust the relative quantities of each type of raw material we purchase, depending on their respective purchase prices, to minimize our raw material costs. In 2009, non-edible seed oil, vegetable oil residue and waste cooking oil accounted for approximately 40%, 43% and 17% of our raw material costs relating to our biodiesel production, respectively.

Our first-generation biodiesel meets the Chinese Biodiesel Standard B100. Our biodiesel can be blended with regular petro-diesel and used by existing diesel engines with no change in engine performance.

Second Generation Technology

The new 50,000-ton second-generation biodiesel production facility, adjacent to our 100,000-ton first-generation production facility, is estimated to reduce production costs by 20%. In addition to the feedstock used in the first-generation facility (i.e. non-edible seeds, waste cooking oil, vegetable oil residue), the new second-generation facility can utilize a diverse supply of raw materials, such as crop straw (wheat straw, corn straw, cotton straw, weed, etc.), agricultural waste (tree branches, tree leaves), as well as organic waste, providing us with better input cost controls while ensuring optimal capacity utilization.

Furthermore, the new technology is able to recycle unused feedstock and water used in the production process, meeting our environmental goals while delivering further cost reductions. China currently produces 1.3 billion tons in organic waste annually.

Our second-generation biodiesel meets Europe IV fuel standards and can be mixed with both diesel and first-generation biodiesel at any ratio.

Biodiesel Raw Material Supply

We have access to a range of biodiesel raw materials.   Besides non-edible seed oil, we can also use waste cooking oil and vegetable oil residue for biodiesel production.  We have signed raw material purchasing contracts with local associations, some of which are governmental entities.  These associations organize local farmers to plant and harvest oil plants.  The purchasing contracts obligate most of the associations to first offer to sell the feedstock to us.

Shaanxi Province is one of the largest cultivators of Chinese prickly ash, an oil plant, in China.  Together, the local farmers in Shaanxi Province have planted approximately 240,000 acres of Chinese prickly ash, 857,000 acres of cornel, and 10,000 acres of Chinese pistache.  Although we could satisfy all of our current feedstock demands solely with Chinese prickly ash, we continue to diversify our feedstock supply to lower input costs.  The abundant supply of feedstock currently available in Shaanxi Province is sufficient for our current needs, and should  be sufficient for our expanded demands for raw material once we expand our biodiesel production facility or acquire a new facility.

Biodiesel Sales and Marketing

We are the only non-state owned biodiesel producer with a nationwide distribution license.  We continue to leverage our distribution infrastructure to sell our biodiesel to existing customers and to acquire new ones.  The main advantages of biodiesel over petro-diesel are pricing, efficiency, safety (due to a higher flash point), and the fact that biodiesel is environmentally friendly.  Our targeted markets are power plants, marine transportation companies, seaport operations, and other industrial customers which consume large volumes of diesel fuel.

Retail Gas Stations

Operation of Retail Gas Stations

We sell all grades of gasoline and diesel at our seven retail gas stations.  Our customers include automobile, bus, and truck drivers. 

Our advantages are:

  1. As a well-established finished oil distributor, we have a stable and sufficient oil supply to support our retail gas station operations at a high margin.  
  2. We sell blended diesel with a blending ratio of 15.0% of biodiesel and 85.0% of petro-diesel to end customers at the same price as petro-diesel, which provides us additional profitability from our retail gas station operations. 
  3. We maintain competitive pricing to attract customers.  We plan to continue to expand our retail gas station portfolio.

Retail Gas Station Photo Gallery

Click the images below to view photos of our retail gas stations.

Jinzheng Gas Station
Shenmu Gas Station


Share Statistics

Outstanding: 44.5M
(as of January 7, 2014)

Float: 11.9M

Institutions Holding Shares: 46

Percent Held By Institutions: 21.54%

#306   I received in the mail today a NOTICE surfer44 04/02/16 07:48:01 PM
#305   Plaintiffs' Lead Counsel Announces Settlement surfer44 03/11/16 10:16:29 PM
#304   fka CBEH: Partial Settlement Has Been Reached surfer44 03/25/15 09:36:30 PM
#303   fka CBEH: I received in the mail a surfer44 01/22/15 10:47:29 PM
#302   Good example of a stock that was revoked surfer44 12/25/14 04:35:32 PM
#301   CBEH received a formal SEC Admin Proceeding on Renee 12/23/14 11:54:34 PM
#300   Ouch!, Has CBEH responded to this? Do they bargainhunter65 12/23/14 11:48:50 PM
#299   Revocation of a stock registration means the stock Renee 12/23/14 11:20:31 PM
#298   Does this mean that these shares will no bargainhunter65 12/23/14 11:07:05 PM
#297   CBEH revoked: Renee 12/23/14 09:44:06 AM
#296   FORM 10-K/A: CBEH: FY 2010 surfer44 09/03/14 09:14:01 AM
#295   ARTICLE: China Integrated Energy Investors Denied Class Cert. surfer44 08/08/14 11:34:22 PM
#294   Go to SEC website search AP-1657 latest CBEH Roger Addams 08/04/14 10:13:04 PM
#293   $CBEH recent news/filings stocktrademan 07/24/14 11:00:33 AM
#292   CBEH SEC Admin Proceeding: Renee 06/25/14 08:53:29 AM
#291   Audits and going forward Yazterman 02/15/14 10:54:26 AM
#290   CBEH---Oil import/export, biodiesel producer and gas retail stations. Yazterman 02/15/14 10:49:58 AM
#289   Oil import/export assumptions Yazterman 02/15/14 10:44:45 AM
#288   9 minute promotional Video made about CBEH in Yazterman 02/14/14 03:23:46 PM
#287   2013 fourth non-state trading of fuel oil import Yazterman 02/14/14 03:22:29 PM
#286   Oil import/export oil license Yazterman 02/14/14 03:11:19 PM
#285   We're back over a dollar - Yahooooooooooooooooo ErnieBilco 01/15/14 04:08:20 PM
#284   So this 800,000 share short position, does anyone blowout 12/18/13 12:55:47 PM
#283   Thanks for sharing that fly - that would ErnieBilco 12/14/13 07:40:21 PM
#282 flyondewall 12/14/13 06:24:56 PM
#281   still hangin on to this beauty..a monster in Roy London 12/09/13 06:44:13 AM
#280   CBEH Chart: sweet breakout Fri. On massive vol. ospreyeye 12/02/13 02:36:33 AM
#279   looks like CBEH is gonna go bigly...weekly is Roy London 12/01/13 06:44:07 AM
#278   CBEH huge pop today---------------- Why????? ErnieBilco 11/29/13 05:29:42 PM
#277   pj - the dollar is the other direction ErnieBilco 07/04/13 06:40:50 PM
#276   Getting closer to that dollar mark buddeh, charts pj McMulligan 05/31/13 10:28:03 AM
#275   Keep smelling - I wanna see $1 again. ErnieBilco 05/21/13 09:25:04 PM
#274   I smell sumthing bigglies in ze werkx.. pj McMulligan 05/21/13 03:59:45 PM
#273   Came up on my scanner. Odd volume spike. ~S.B.A.~ 05/15/13 07:10:43 PM
#272   I'm not adding any, this has been a ErnieBilco 05/15/13 04:41:52 PM
#271   CBEH chart cault my bottom scans.. Who here pj McMulligan 05/15/13 12:27:01 PM
#270   Wow, the Chinese are showing me the meaning ErnieBilco 04/20/13 10:37:21 PM
#269   This ticker hasn't put out a financial statement ErnieBilco 01/08/13 11:16:46 PM
#268   can you pm other? appreciate input. mick 12/08/12 10:54:14 PM
#267   And no visible dilution since before 2011. ErnieBilco 12/08/12 10:53:49 PM
#266   Don't think its gonna do much before next ErnieBilco 12/08/12 10:52:59 PM
#265   so is this a live one as said? mick 12/08/12 10:44:36 PM
#264   I don't ever remember seeing CBEH this low ErnieBilco 12/08/12 10:42:21 PM
#263 mick 12/08/12 10:28:47 PM
#262   I see 35 x 40 ErnieBilco 12/06/12 05:57:33 PM
#261   i see no bid,,,China Integrated Ene (CBEH) mick 12/06/12 05:25:26 PM
#260   Moved up to Limited info with yesterday's 8K. ErnieBilco 09/25/12 08:39:58 PM
#259   Very nice! faxedreceipts 05/24/12 11:43:08 PM
#258   ...the Company announced that the Committee has informed alexindef 05/24/12 07:14:59 PM
#257   RELATED QUOTES deepsea104 05/24/12 10:05:47 AM