Founded in 1952, COFCO is one of 49 large enterprises directly managed by the State Council and an important partner of the Beijing Olympic Games. At present, COFCO has four listed companies in China, namely COFCO Holdings, Mengniu Dairy and COFCO Packaging, as well as three listed companies, namely Tunhe, COFCO Real Estate and Fengyuan Biochemical. Great Wall Wine, Di Chin Chocolate, Fulinmen Edible Oil, Tunhe Tomato Products, Jiajiakang Meat Products, Joy City Shopping Mall, Yalong Bay Resort, Gloria Hotel, Xuelian Cashmere, China Tea, Sino-British Life Insurance Rural Financial Services, etc., the product and service combination of many brands has shaped the market reputation of COFCO with high quality and high taste. The company has been ranked among the top 500 companies in the world for 15 years, and ranked 398th in 2008 with the revenue of 21200 million USD. Since 2005, COFCO has actively responded to the State Council's call to build a new socialist countryside, devoted itself to the development of biomass energy, and quickly became a pioneer and main provider of non-grain fuel ethanol in China, striving to make contributions to national energy security and environmental protection. The Guangxi non-grain fuel ethanol project invested by COFCO has become a pioneer and successful practitioner in this new field.
Guangxi COFCO Biomass Energy Co., Ltd. is a fuel ethanol production enterprise invested and established by COFCO in Beihai, Guangxi in 2006. Being affiliated to the Biochemistry and Energy Division of COFCO, it is one of the important business units in the development strategy of COFCO.
The company is the first domestic non-grain fuel ethanol project approved by the National Development and Reform Commission.