Pax Clean Energy, Inc., formerly Pax Biofuels, Inc., is a development-stage company. The Company intends to be in the business of producing and distributing biodiesel fuel. Pax Biofuels intends to construct and operate a 30,000 metric ton per year biodiesel processing plant to be fed with a rapeseed oil crushing plant, which it also intends to construct and operate. The Company's plant will be located in Serbia, formerly part of Yugoslavia. Pax Biofuels anticipates that its primary source of revenue will be the sale of biodiesel, both in blended and unblended forms with petroleum-based diesel fuel.
PAX CLEAN ENERGY, INC. 
