New NRG, Inc., formerly Chemical Consortium Holdings, Inc., is a development stage company. As of December 31, 2006, the Company's efforts have been devoted principally to developing plans for the construction of its first biodiesel facility, engaging service providers and related activities. It focuses on the production of Biodiesel. As of December 31, 2006, New NRG, Inc. was in the process of establishing a 100 million gallon per year biodiesel refinery in Burbank, Washington. The refinery has name plate capacity of 350,000 metric tons, the equivalent of 105 million gallons, of annualized production. In May 2007, New NRG, Inc. leased a parcel of land on the Snake River in Burbank, Washington to serve as its site for a biodiesel refinery. This site is near the convergence of the Snake and Columbia Rivers. As of December 31, 2006, the Company had not generated any revenues from its business operations.