Business Model: This company focuses on selling its biofuel and boiler equipment, building biofuel factories as well as power plants in the long term.

Development: Shengchang Bioenergy has established strategic public sector partnerships to promote its products, helping it to sell 6,000 cookers in 2006.  The company has as its core business model creating products that have diverse applications in the industrial supply chain and plans to build a separate biofuel power plant in the future.

Sustainability Benefits: Shengchang products utilize discarded biological waste to replace traditional energy sources and reduce the consumption of non-renewable natural resources in energy productions. By sourcing its biofuel from rural areas in China, the company supports local communities by bolstering their income.

Learn more about Shengchang by reading the Rising Ventures profile, written by New Ventures staff.