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Genoil & China National Complete Plant Import & Export Coporation, LTD have created a strategic partnership to jointly develop energy infrastructure projects including renewable energy projects such as photovoltaic as well as provide wide array of project as well as funding in Kuwait & around the world. Complant is a wholly owned subsidiary of State Development & Investment Corporation, the largest Chinese state owned holding company. This partnership is part of Genoil’s overall clean energy and green environmental project development strategy. Genoil is in discussion in Kuwait with Kuwait Petroleum Corporation to provide investment and funding of up to $50 billion USD for energy infrastructure projects including GHU upgraders both upstream and downstream as well as to develop oil fields with Chinese contractors, equity investors and lenders participating in these projects. The alliance with Complant ties in with Genoil’s overall strategy and strengthens Genoil’s market position in Kuwait.

Since its establishment, SDIC continuously improves its development strategy, optimizes its assets composition, and has built its unique tri-pillared business framework that integrates industrial investment, financial services and state-owned assets management. Genoil is advising Complant for business procurement, strategic collaboration, investment opportunities and providing professional business strategy advice with potential customers such as Kuwait National Petroleum Corporation.

China Complete Plant Import and Export Corporation (Group) (COMPLANT for short), approved by the Premier Zhou Enlai, was jointly established and administrated by the Ministry of foreign trade and the Ministry of the First Machine Building Industry in the November, 1959. Since the establishment, COMPLANT has been entrusted by the Government to conduct more than 1500 foreign economic aid projects in over 50 countries across Asia, Africa and Latin America, including the Tanzania-Zambia Railway, the National Theatre of Senegal, the Bangui Stadium of Central Africa, the International Convention and Exhibition Centerof Jamaica, etc. All these efforts have made great contribution to the foreign aid undertaking of China, and have been highly acknowledged by the Developing countries and their people.

In 1993, COMPLANT was reorganized into a comprehensive foreign trade and economic cooperation enterprise, and renamed as China National Complete Plant Import & Export Corporation (Group). In 1999, the company was as one of the enterprises under the Working Commission for Central-government Enterprises. In 2003, the company was listed as one of the Central-government enterprises supervised by SASAC of the State Council. In 2009; the company was 100% Merged into State Development and Investment Corporation as a wholly-owned subsidiary company.

With a registered capital of RMB1.09 billion, COMPLANT owns 8 wholly-owned subsidiaries, 5 controlled subsidiaries and 1 branch companies. It controls China National Complete Plant Import and Export Corporation Ltd. (Listed on Shenzhen Stock: 000151) and Hua Lien International (Holding) Company Ltd (Listed on Hong Kong Stock: 00969).

Through continuous development, the company at the present is pillared by the international contracting and formed a comprehensive business scope, including oversea investment, international trade, oversea sugar complex investment, transportation, outsource labor and training. COMPLANT holds “severing for national foreign strategy, promoting oversea development of the SDIC and helping staff to fulfill their personal value” as its mission to proactively integrate itself into the national strategy, and endeavors to make COMPLANT a well-managed, innovative and excellent international company.