Prior to 1941, the Chen family develops railways, ocean shipping, telegraph and banking systems for the industrialization of China.
1941: ETG founder Dr. C.Y. Chen emigrates to the United States from China.
1954: Dr. Chen purchases Marine Transport Lines, Inc. with Robert Anderson (a United States Secretary of the Treasury) and Charles Wilson (a U.S. Secretary of Defense).
MTL acquires American Steamship Co. to become world's fifth largest shipping company, considers merger with Aristotle Onassis.
The Chen family sells MTL, forms Energy Transportation Group, Inc. to specialize in global LNG project development and transport.
ETG establishes China Shipbuilding Corporation (the Taiwanese state shipyard) as a service for the Government of Taiwan.
ETG creates and finances a US $1B fleet for long-term shipment of LNG from Indonesia to Japan (18% of all LNG worldwide). Other Asian countries are also served.
Diversification into industrial controls, electronics, software and biotechnology through acquisitions and formation of new companies and joint ventures.
ETG companies develop essential new intellectual property in biomedical devices, artificial intelligence, signal processing, and other fields.
Expansion into financial services, information services, data communications, commercial real estate, and other sectors.
1994: Death of Dr. C.Y. Chen.
ETG's globalization accelerates. Examples include
- ETG's Energy Pakistan develops national power barge projects;
- ETG's Black Sea LPG Romania, an ETG-government JV, develops Romanian LPG/LNG import terminal and distribution network;
- ETG's ChinaGas JV with UGI Corp. enters Chinese LPG distribution market;
- ETG's Cerra Energy develops energy transport infrastructure for Turkey.
ETG companies develop essential new intellectual property in remote asset control and coordination, wireless communications, data messaging, and market-wide electricity management.
Partial sale of original $1B fleet.
Development of further partnerships, investments and joint ventures in alternative energy (including wind power and biomass), high technology, national security, food/beverage and electric utility markets in North America and the EU and the shipping, energy, and commodities sectors in Asia.
Sale of Biolectron unit to EBI for approximately $100MM.
Construction and deployment of new, US $1B ETG co-owned Chinese LNG fleet.
Ownership of the ETG family of companies consolidated by Kimball C. Chen, son of Dr. C. Y. Chen.