|   | [X]            | ANNUAL      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------|----------------|------------------------------------------------------------------------------------------|
|   |           |                                                                                     |
|   |           |                                                                                     | For      the fiscal year ended June      30, 2008 |
|   |           |                                                                                     |
|   | [  ] | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT     |
|   |           |                                                                                     |
|   |           |                                                                                     | For      the transition period from _________ to ________ |
|   |           |                                                                                     |
|   |           |                                                                                     | Commission      file number:  000-53239 |

| Bioenergy,      Inc.                                              |
|-------------------------------------------------------------------|
| (Exact      name of registrant as specified in its charter)  |

| Nevada                                                                        |  20-4907818                          |
|-------------------------------------------------------------------------------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization)           | (I.R.S.      Employer Identification No.) |
|                                                                          |                                      |
| 3702 South Virginia Street,      #G12-401Reno,      NV                        |  89502                               |
| (Address      of principal executive offices)                                 | (Zip      Code)                           |
|  Registrant’s      telephone number:  202-470-4698  |                                      |

| Securities      registered under Section 12(b) of the Exchange Act:        |
|---------------------------------------------------------------------------------|
| Title      of each class                                                        | Name      of each exchange on which registered |
| none                                                                            | not      applicable |
|  Securities      registered under Section 12(g) of the Exchange Act:  |
| Title      of each class                                                        | Name      of each exchange on which registered |
| Common Stock, par      value $0.001                                             | not      applicable |

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TABLE 

|                      |                                                                                                                       | Page |
|---------------------------|----------------------------------------------------------------------------------------------------------------------------|------|
|  PART      I    |
| Item 1.                   | Business                                                                                                                   | 3    |
| Item 1A.                  | Risk Factors                                                                                                               | 9    |
| Item 1B.                  | Unresolved Staff Comments                                                                                                  | 9    |
| Item 2.                   | Properties                                                                                                                 | 9    |
| Item 3.                   | Legal Proceedings                                                                                                          | 9    |
| Item 4.                   | Submission of Matters to a Vote of Security      Holders                                                                   | 9    |
|  PART      II   |
| Item 5.                   | Market for Registrant’s Common Equity and Related Stockholder      Matters and Issuer Purchases of Equity Securities | 10   |
| Item 6.                   | Selected Financial Data                                                                                                    | 11   |
| Item 7.                   | Management’s Discussion and Analysis of Financial Condition and      Results of Operations                           | 12   |
| Item 7A.                  | Quantitative and Qualitative Disclosures About Market      Risk                                                            | 15   |
| Item 8.                   | Financial Statements and Supplementary Data                                                                                | 15   |
| Item 9.                   | Changes In and Disagreements With Accountants on Accounting and      Financial Disclosure                                  | 15   |
| Item 9A(T).               | Controls and Procedures                                                                                                    | 16   |
| Item 9B.                  | Other Information                                                                                                          | 17   |
|  PART      III  |
| Item 10.                  | Directors, Executive Officers and Corporate      Governance                                                                | 17   |
| Item 11.                  | Executive Compensation                                                                                                     | 19   |
| Item 12.                  | Security Ownership of Certain Beneficial Owners and Management      and Related Stockholder Matters                        | 21   |
| Item 13.                  | Certain Relationships and Related Transactions, and Director      Independence                                             | 22   |
| Item 14.                  | Principal Accountant Fees and Services                                                                                     | 22   |
|  PART      IV   |
| Item 15.                  | Exhibits, Financial Statement Schedules                                                                                    | 23   |

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| ·   | 29      billion barrels of oil, |
|--------------------|---------------------------------|

| ·   | 5,440      million short tons of coal; and |
|--------------------|--------------------------------------------|

| ·   | 95.5      trillion cubic feet of natural gas. |
|--------------------|-----------------------------------------------|

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| ·   | decreases      the fuel's cost; |
|--------------------|---------------------------------|

| ·   | increases      the fuel's octane rating; |
|--------------------|------------------------------------------|

| ·   | decreases      gasoline's harmful emissions. |
|--------------------|----------------------------------------------|

| ·   | Grinder              (15kw,      25kg/h) |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | Cooker      #1         (Boiler – high      temperature cooker) Standard Volume:100L |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Cooker      #2         (Slow cooker – low      temperature cooker) Standard Volume:100L |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Distiller              (5kw) |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | Dehydrator       (7.5kw) |
|--------------------|-------------------------------------------------------------|

| 1. | Milling. The grain straw      passes through a grinder, which grinds it into a fine powder called      meal. |
|----|--------------------------------------------------------------------------------------------------------------|

| 2. | Liquefaction. The meal      is mixed with water and alpha-amylase (the first enzyme), and then poured      into cooker #1 where the starch is liquefied.  Heat is applied      at this stage to enable liquefaction.  This step takes about 48      hours.  Cooker #1 is a large, sealed boiler.  The meal      is placed into it at a ratio of one-third meal to two-thirds water. Cooker      #1 has two indicators – one for temperature (which needs to be above      105ºC) and one for pH value.  The product is liquefied and      boiled until it reaches a pH of 7.  At this point nitric acid is      added until the pH value drops to5. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Saccharification. The      mash from the cooker is then cooled and the secondary enzyme      (gluco-amylase) is added to convert the liquefied starch to fermentable      sugars (dextrose). |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Fermentation. Yeast is      added to the mash to ferment the sugars to ethanol and carbon dioxide      until it is fully fermented and leaves cooker #1.  At this      stage, the temperature first needs to drop to 35ºC.  Once this      temperature is reached, the product is moved to cooker #2.  The      product is left to ferment at 35ºC for seven days.  At the end      of seven days, the sediment is filteredout. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5. | Distillation. The      fermented mash, similar to beer, contains about 10% alcohol plus all the      non-fermentable solids from the meal and yeast cells.  The mash      is pumped to the continuous flow, multi-column distiller, where the      alcohol is removed from the solids and the water.  The alcohol      leaves the top of the final column at about 96% strength, and the residue      mash, called stillage, is transferred from the base of the column to the      co-product processing area. The product is now cooked in the distiller      until 50% to 60% of the water has evaporated.  At the end of      this process, the product has become 60% ethanol (40%    water). |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Dehydration. The alcohol      from the top of the column passes through a dehydrator, where the      remaining water will be removed. The alcohol product at this stage is      called anhydrous ethanol (pure, without water) and is approximately 200      proof. Once the dehydration process is complete, the resulting product      will be a minimum of 95% ethanol, which is sufficient for use as a blend      for automobile gas. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Attending Agriculture      Meetings, Promotional Events and Conferences:  We plan to      attend a number of events attended by agriculture-related institutions in      order to further expose our products.  These events will include      agricultural products and technology trade meetings and promotional events      that are attended by agriculture-related institutions and related seminars      and conferences. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Developing Direct      Marketing Programs to Attract Farmers:  Through their      past and current employment in the chemical and agriculture industry in      China, our directors have developed business contacts and an in-depth      understanding of business practices and customs in these industries. In      addition to attending the foregoing conferences and seminars, we intend to      market directly to farmers.  Initially we will seek to contact      farmers in eastern and southern Mainland China, because these farmers are      the wealthiest farmers in China, and they are very interested in      diversification, rather than farming only. Our marketing will include      conducting seminars and the use of online and traditional advertising      media such as newspapers and trade publications. We intend to develop our      website as one medium to promote our ethanol refinery system. We also plan      to conduct a demonstration show in various  villages. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Developing Sales      Representative Network: We intend to eventually develop a network      of qualified representatives who will understand how our ethanol refinery      system will benefit farmers.  Initially, we hope to include at      least one professional in the southeast of China.  We will build      our network through a direct marketing program and through      word-of-mouth.  To ensure that our customers receive high      quality products, we will implement a follow-up program to seek feedback      from all farmers purchasing our ethanol refinery system. We will be      dependent on representatives for the sale of      our ethanol refinery system.  Currently we do not have any      distribution representatives. Even if we do have representatives, we may      not be able to deliver any products to the user in a timely manner and      these representatives may not be able to sell our products in volumes      anticipated by us. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | travel      - $4,000 |
|--------------------|----------------------|

| ·   | marketing      - $2,000 |
|--------------------|-------------------------|

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| Fiscal      Year Ending June 30, 2008 |
|---------------------------------------|
| Quarter      Ended                    |   | High      $ |   | Low      $ |
| June      30, 2008                    |   | n/a |   | n/a |
| March      31, 2008                   |   | n/a |   | n/a |
| December      31, 2007                |   | n/a |   | n/a |
| September      30, 2007               |   | n/a |   | n/a |

| Fiscal      Year Ending June 30, 2007 |
|---------------------------------------|
| Quarter      Ended                    |   | High      $ |   | Low      $ |
| June      30, 2007                    |   | n/a |   | n/a |
| March      31, 2007                   |   | n/a |   | n/a |
| December      31, 2006                |   | n/a |   | n/a |
| September      30, 2006               |   | n/a |   | n/a |

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| ·   | Enhance      our core technology that will further the marketability of our products;      and |
|--------------------|------------------------------------------------------------------------------------------------|

| ·   | Establish      customer relationships in China once our proposed ethanol refinery system      is fully developed. |
|--------------------|-------------------------------------------------------------------------------------------------------------------|

| ·   | Develop      a demonstration of our ethanol refinery system by December 31, 2008. This      will allow users to see the results of the ethanol refinery technology and      determine its effectiveness. We estimate that this will cost a total of      $4,000. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Develop      the completed commercial version of our proposed ethanol refinery system      by December 31, 2008. This system will be marketed to potential customers      in China. We estimate that the remaining cost for completion of the      ethanol refinery system development is approximately  $4,000 |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Commence      a marketing campaign for our ethanol refinery system following its      development, which will be by the end of December 2008. We estimate that      we will need $6,000 to implement our marketing and advertising      campaign. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Audit      fees, which consist primarily of accounting and auditing fees for the      year-end audit. We estimate that our audit fees for the next twelve months      will be approximately $4,000; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Bank      charges, which consist primarily of charges by our bank for processing      transactions through our checking account. We estimate that our bank      charges for the next twelve months will be approximately    $100; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Legal      and organizational fees, which consist primarily of legal fees paid by us      regarding securities advice and organizing the company. We estimate that      our legal and organizational fees for the next twelve months will be      approximately $10,000; and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Other      operating expenses, which consist primarily of the expenses incurred for      further development of our proposed ethanol refinery system; for the      advertising campaign for our proposed ethanol refinery system, and other      administrative expenses. We estimate that our other operating expenses for      the next twelve months will be approximately  $30,000. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name               | Age | Position      Held with the Company                                                                                                         |
|--------------------|-----|---------------------------------------------------------------------------------------------------------------------------------------------|
| Jose      Castro   | 33  | Director,      President, Chief Executive Officer, Treasurer (Principal Accounting      Officer), Principal Financial Officer and Secretary |
| Haiming      Zhang | 51  | Director      and Chief Technology Officer                                                                                                  |

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| Name      and principal      position | Number      oflate      reports | Transactions      nottimely      reported | Known      failures tofile      a required form |
|---------------------------------------|---------------------------------|-------------------------------------------|-------------------------------------------------|
| Jose      Castro                      | 0                               | 0                                         | 1                                               |
| Haiming      Zhang                    | 0                               | 0                                         | 1                                               |

Item 

| SUMMARY      COMPENSATION TABLE                                                                                                                             |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Nameandprincipalposition                                                                                                                                    | Year | Salary ($) | Bonus($) |  StockAwards($) | OptionAwards($) | Non-EquityIncentive      PlanCompensation($) | NonqualifiedDeferredCompensationEarnings      ($) | All      OtherCompensation($) | Total($) |
| Jose      Castro, Director, President, Chief Executive Officer, Treasurer (Principal      Accounting Officer), Principal Financial Officer and    Secretary | 20082007 | 00 | 00 | 00 | 00 | 00 | 00 | 00 | 00 |
| Haiming      Zhang, Director and Chief Technology Officer                                                                                                   | 20082007 | 00 | 00 | 00 | 00 | 00 | 00 | 00 | 00 |
| Min      Ge, Former Officer and Director                                                                                                                    | 20082007 | 00 | 00 | 00 | 00 | 00 | 00 | 00 | 00 |

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| OUTSTANDING      EQUITY AWARDS AT FISCAL YEAR-END                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| OPTION      AWARDS                                                                                                                                          | STOCK      AWARDS |
|             Name                                                                                |       Number      ofSecuritiesUnderlyingUnexercisedOptions(#)Exercisable |    Number      ofSecuritiesUnderlyingUnexercisedOptions (#)Unexercisable |   EquityIncentive PlanAwards:Number      ofSecuritiesUnderlyingUnexercisedUnearnedOptions(#) |     OptionExercise Price ($) |      OptionExpirationDate |   NumberofSharesor      UnitsofStock      ThatHaveNotVested(#) |  MarketValueofSharesorUnitsofStockThatHaveNotVested($) | EquityIncentive PlanAwards: NumberofUnearned Shares,Units      orOtherRightsThat      Have NotVested(#) | EquityIncentivePlanAwards:Market      orPayoutValue      ofUnearnedShares,Units      orOtherRightsThatHave      Not Vested(#) |
| Jose      Castro, Director, President, Chief Executive Officer, Treasurer (Principal      Accounting Officer), Principal Financial Officer and    Secretary | - | - | - | - | - | - | - | - | - |
| Haiming      Zhang, Director and Chief Technology Officer                                                                                                   | - | - | - | - | - | - | - | - | - |
| Min      Ge, Former Officer and Director                                                                                                                    | - | - | - | - | - | - | - | - | - |

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| Name      and Address of Beneficial Owners of Common Stock1 | Title      of Class | Amount      and Nature of Beneficial Ownership | %      of Common Stock2 |
|-------------------------------------------------------------|---------------------|------------------------------------------------|-------------------------|
| Min      Ge                                                 | Common      Stock   | 0                                              | 0.00%                   |
| Haiming      Zhang                                          | Common      Stock   | 625,000                                        | 25.00%                  |
| Jose      Castro                                            | Common      Stock   | 637,500                                        | 25.50%                  |
| DIRECTORS      AND OFFICERS – TOTAL                   | Common      Stock   | 1,262,500                                      | 50.50%                  |
|                                                        |                |                                           |                    |
| 5%      SHAREHOLDERS                                        |                |                                           |                    |
| NONE                                                        | Common      Stock   |                                           |                    |

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Item 

| Financial      Statements for the Year      Ended June 30 | Audit      Services | Audit      Related Fees | Tax      Fees | Other      Fees |
|-----------------------------------------------------------|---------------------|-------------------------|---------------|-----------------|
| 2008                                                      |                | $8,000                  | $0            | $0              |
| 2007                                                      |                | $0                      | $0            | $0              |

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| Audited      Financial Statements:  |
|------------------------------------------|
| F-1                                      | Report of Independent Registered Public Accounting      Firm |
| F-3                                      | Consolidated Balance Sheets as of June 30, 2008  and      2007 |
| F-4                                      | Statements of Operations for the years ended June 30, 2008 and      2007 and period from inception (May 8, 2006) to June 30,      2008 |
| F-5                                      | Statement of Stockholders’ Equity for period from inception      (May 8, 2006) to June 30, 2008 |
| F-6                                      | Statements of Cash Flows for the years ended June 30, 2008 and      2007 and period from inception (May 8, 2006)) to June 30,      2008 |
| F-7                                      | Notes to FinancialStatements |

| Exhibit      Number | Description                                                                                                                                                                              |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                 | Articles      of Incorporation, as amended (1)                                                                                                                                           |
| 3.2                 | Bylaws,      as amended (1)                                                                                                                                                              |
| 23.1                | Consent of Maddox Ungar Silberstein, PLLC, Certified      Public Accountants                                                                                                             |
| 23.2                | Consent of Dale Matheson Carr-Hilton Labonte LLP "DMCL"      Charter Accountants                                                                                                         |
| 31.1                | Certification of Chief Executive Officer pursuant to      Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002    |
| 31.2                | Certification of Chief Financial Officer pursuant to      Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002    |
| 32.1                | Certification of Chief Executive Officer and Chief      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant      to Section 906 of the Sarbanes-Oxley Act of  2002 |

| (1)   | Incorporated      by reference to the Registration Statement on Form SB-2 filed with the      Securities and Exchange Commission on October 19,  2006. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

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| By:    | /s/      Jose Castro                                                                                                                                               |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Jose      CastroPresident,      Secretary,Chief      Executive Officer,Chief      Financial Officer,Principal      Accounting Officer,Treasurer,      and Director |
|   | September      15,      2008                                                                                                                                       |

| By:    | /s/      Jose Castro                                                                                                                                               |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Jose      CastroPresident,      Secretary,Chief      Executive Officer,Chief      Financial Officer,Principal      Accounting Officer,Treasurer,      and Director |
|   | September      15,      2008                                                                                                                                       |

| By:    | /s/      Haiming Zhang                                |
|--------|-------------------------------------------------------|
|   | Haiming      Zhang, Chief Technology Officer,Director |
|   | September      15,      2008                          |

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BIOENERGY 

|                                                                  | June      30, 2008 |     | June      30, 2007 |
|-----------------------------------------------------------------------|--------------------|----------|--------------------|
|                                                                  |               |     |               |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                            |               |     |               |
|                                                                  |               |     |               |
| Current                                                               |               |     |               |
|      Due      to director (Note 3)           |               | 19,200   |               |   | 6,200 |
|                                                                  |               |     |               |   |   |
| Total current      liabilities                                        |               | 19,200   |               |   | 6,200 |
|                                                                  |               |     |               |   |   |
| Stockholders'      deficit                                            |               |     |               |   |   |
| Common stock (Note      4)                                            |               |     |               |   |   |
| Authorized: 75,000,000      common shares, par value $0.001 per share |               |     |               |   |   |
| Issued      and outstanding:2,500,000 common      shares              |               | 2,500    |               |   | 2,500 |
| Additional paid-in      capital                                       |               | 60,500   |               |   | 54,500 |
| Deficit      accumulated during the development stage                 |               | (82,200) |               |   | (63,200) |
|                                                                  |               |     |               |   |   |
| Total stockholders’      deficit                                |               | (19,200) |               |   | (6,200) |
|                                                                  |               |     |               |   |   |
| Total      liabilities and stockholders’ deficit                | $                  | -        |               | $ | - |

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BIOENERGY 

|                                                                                      |   Year      ended June      30, 2008 |           | Year      ended June      30, 2007 |   | Accumulated      from May 8, 2006 (Date      of Inception) to June 30, 2008 |
|-------------------------------------------------------------------------------------------|------------------------------------------------|----------------|------------------------------------|--------|-----------------------------------------------------------------------------|
|                                                                                      |                                           |           |                               |   |                                                                        |
| ADMINISTRATION      EXPENSES                                                              |                                           |           |                               |   |                                                                        |
| Management      fees (Note 6)                                                             | $                                              | 6,000          |                               | $      | 6,000                                                                       |   | $ | 13,000 |
| Professional      fees                                                                    |                                           | 13,000         |                               |   | 52,200                                                                      |   |   | 69,200 |
|                                                                                      |                                           |           |                               |   |                                                                        |   |   |   |
| Net      loss                                                                             | $                                              | (      19,000) |                               | $      | (      58,200)                                                              |   | $ | (82,200) |
|                                                                                      |                                           |           |                               |   |                                                                        |   |   |   |
| Basic      and diluted loss per share                                                     | $                                              | (0.01)         |                               | $      | (0.02)                                                                      |   |   |   |
|                                                                                      |                                           |           |                               |   |                                                                        |   |   |   |
| Weighted      average common shares outstanding-basic and diluted shares      outstanding |                                           | 2,500,000      |                               |   | 2,500,000                                                                   |   |   |   |

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BIOENERGY 

|                                                               | Common      Stock     |      | Additional      Paid-in |   | Deficit      Accumulated      During      the Development |   |   |
|--------------------------------------------------------------------|-----------------------|-----------|-------------------------|--------|-----------------------------------------------------------|--------|--------|
|                                                               | Number      of Shares |      | Amount                  |   | Capital                                                   |   | Stage  |   | Total |
| Balance, May 8, 2006      (Date of Inception)                      |                  | -         |                    | $      | -                                                         |   | $      | - |   | $ | - |   | $ | - |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Common      stock issued for cash at $0.02 per share, May 15, 2006 |                  | 2,500,000 |                    |   | 2,500                                                     |   |   | 47,500 |   |   | - |   |   | 50,000 |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Donated      services (Note 6)                                     |                  | -         |                    |   | -                                                         |   |   | 1,000 |   |   | - |   |   | 1,000 |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Net      loss                                                      |                  | -         |                    |   | -                                                         |   |   | - |   |   | (5,000) |   |   | (5,000) |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Balance, June 30,      2006                                        |                  | 2,500,000 |                    |   | 2,500                                                     |   |   | 48,500 |   |   | (5,000) |   |   | 46,000 |
| Donated      services (Note 6)                                     |                  | -         |                    |   | -                                                         |   |   | 6,000 |   |   | - |   |   | 6,000 |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Net      loss                                                      |                  | -         |                    |   | -                                                         |   |   | - |   |   | (58,200) |   |   | (58,200) |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Balance, June 30,      2007                                        |                  | 2,500,000 |                    |   | 2,500                                                     |   |   | 54,500 |   |   | (63,200) |   |   | (6,200) |
| Donated      services (Note 6)                                     |                  | -         |                    |   | -                                                         |   |   | 6,000 |   |   | - |   |   | 6,000 |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Net      loss                                                      |                  | -         |                    |   | -                                                         |   |   | - |   |   | (19,000) |   |   | (19,000) |
|                                                               |                  |      |                    |   |                                                      |   |   |   |   |   |   |   |   |   |
| Balance, June 30,      2008                                        |                  | 2,500,000 |                    | $      | 2,500                                                     |   | $      | 60,500 |   | $ | (82,200) |   | $ | (19,200) |

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BIOENERGY 

|                                                      | Year      ended June      30, 2008 |           | Year      ended June      30, 2007 |   | Accumulated      from May      8, 2006 (Date      of Inception) toJune      30, 2008 |
|-----------------------------------------------------------|------------------------------------|----------------|------------------------------------|--------|-------------------------------------------------------------------------------------------|
|                                                      |                               |           |                               |   |                                                                                      |
| CASH      FLOWS FROM OPERATING ACTIVITIES                 |                               |           |                               |   |                                                                                      |
| Net loss                                                  | $                                  | (19,000)       |                               | $      | (58,200)                                                                                  |   | $ | (76,700) |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| Non-cash      item:Donated      capital                   |                               |  6,000    |                               |   |  6,000                                                                               |   |   |  11,500 |
| Changes      in non-cash operating working capital item:  |                               |           |                               |   |                                                                                      |   |   |   |
| Decrease in prepaid      expenses                         |                               |           |                               |   | 5,000                                                                                     |   |   |   |
| Decrease in accounts payable      and accrued liabilities |                               |           |                               |   | (4,000)                                                                                   |   |   |   |
| Net cash used in operating      activities                |                               |  (13,000) |                               |   | (51,200)                                                                                  |   |   | (65,200) |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                 |                               |           |                               |   |                                                                                      |   |   |   |
| Due      to director                                      |                               | 13,000         |                               |   | 6,200                                                                                     |   |   | 15,200 |
| Issuance of common      shares                            |                               | -              |                               |   | -                                                                                         |   |   | 50,000 |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| Net cash provided by financing      activities            |                               | 13,000         |                               |   | 6,200                                                                                     |   |   | 65,200 |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| Change      in cash during the period                     |                               | - -       |                               |   | (45,000)                                                                                  |   |   | - |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| Cash,      beginning                                      |                               | -              |                               |   | 45,000                                                                                    |   |   | - |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| Cash,      ending                                         | $                                  | -              |                               | $      | -                                                                                         |   | $ | - |
|                                                      |                               |           |                               |   |                                                                                      |   |   |   |
| Supplemental      disclosure of cash flow information:    |                               |           |                               |   |                                                                                      |   |   |   |
| Cash      paid during the period for:                     |                               |           |                               |   |                                                                                      |   |   |   |
| Interest                                                  | $                                  | -              |                               | $      | -                                                                                         |   | $ | - |
| Income taxes                                              | $                                  | -              |                               | $      | -                                                                                         |   | $ | - |

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BIOENERGY 

|   | The      Company was incorporated in the State of Nevada on May 8, 2006. The      Company is planning to develop an ethanol refinery system in China. The      Company is considered to be a development stage company as it has not      generated any revenues fromoperations. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      accompanying financial statements have been prepared assuming the Company      will continue as a going concern. As of June 30, 2008, the Company has      negative working capital, has not yet achieved profitable operations and      has accumulated a deficit of $82,200. Its ability to continue as a going      concern is dependent upon the ability of the Company to obtain the      necessary financing to meet its obligations and pay its liabilities      arising from normal business operations when they come due and the      financial support of its directors. The outcome of these matters cannot be      predicted with any certainty at this time and raise substantial doubt that      the Company will be able to continue as a going concern. These financial      statements do not include any adjustments to the amounts and      classification of assets and liabilities that may be necessary should the      Company be unable to continue as a going  concern. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Management      believes that the Company will need to raise additional capital to      continue its operations. The Company expects to obtain additional funding      by borrowing funds from its directors and officers up to $50,000, or a      private placement of common stock. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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BIOENERGY 

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|                                                            | June      30, 2008 |     | June      30, 2007 |
|-----------------------------------------------------------------|--------------------|----------|--------------------|
| Deferred      tax asset attributable to:                        |               |     |               |
|   Net      operating loss carryover                   | $                  | 28,000   |               | $ | 20,000 |
|   Valuation      allowance                            |               | (28,000) |               |   | (20,000) |
|       Net      deferred tax asset | $                  | 0        |               | $ | 0 |

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|                  | Year      endedJune      30, 2008 |   | Year      endedJune      30, 2007 |   | May      8, 2006 (Date      of Inception) toJune      30, 2008 |
|-----------------------|-----------------------------------|--------|-----------------------------------|--------|----------------------------------------------------------------|
|                  |                              |   |                              |   |                                                           |
| Donated      services | $                                 | 6,000  |                              | $      | 6,000                                                          |   | $ | 13,000 |

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