Sinoenergy Corporation (SNEN.OB) to Benefit from Government Policies
Sinoenergy Corporation (SNEN.OB), a manufacturer of compressed natural gas vehicles, a designer of gas station equipment, and an operator of CNG filling stations, has announced that the Company expects to benefit from the recent increase in natural gas retail prices for vehicle users. On November 8, the National Development and Reform Commission in China raised the price of natural gas for all industrial users; however, this price increase was not applicable for CNG utilized in vehicle use, fertilizer use, or residential use. Because the commission felt that CNG powered vehicles have a positive impact on the environment in China, they…