There’s a new renewable energy stock on the market-China Bio Energy has been approved to trade on the Nasdaq as of today. The company distributes both traditional petroleum products and biodiesel made from inedible seeds and leftover restaurant oil and grease.

In a company press release, Mr. Xincheng Gao, Chief Executive Officer of China Bio Energy Holdings Group, commented on the news:

“We are very pleased to join the Nasdaq Capital Market alongside other top tier companies. We believe that meeting the stringent requirements to list on Nasdaq demonstrates our progress in building a strong organization. We believe that this achievement will further enhance our profile in the US capital markets, increase the visibility, liquidity and marketability of our shares while allowing us to expand our shareholder base.”

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