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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001140361-10-039160.txt : 20100930
<SEC-HEADER>0001140361-10-039160.hdr.sgml : 20100930
<ACCEPTANCE-DATETIME>20100930173907
ACCESSION NUMBER:		0001140361-10-039160
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100928
FILED AS OF DATE:		20100930
DATE AS OF CHANGE:		20100930

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHEN SI QIANG
		CENTRAL INDEX KEY:			0001376441

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33470
		FILM NUMBER:		101100098

	MAIL ADDRESS:	
		STREET 1:		ROOM 42, 4/F NEW HENRY HOUSE
		STREET 2:		10 ICE HOUSE STREET
		CITY:			HONG KONG
		STATE:			K3
		ZIP:			00000

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Oriental Energy & Chemical Corp.
		CENTRAL INDEX KEY:			0001312547
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				201917956
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		XICHENG INDUSTRIAL ZONE OF LUOSHAN,
		STREET 2:		XINYANG
		CITY:			HENAN PROVINCE
		STATE:			F4
		ZIP:			464200
		BUSINESS PHONE:		(86) 27 853 75701

	MAIL ADDRESS:	
		STREET 1:		XICHENG INDUSTRIAL ZONE OF LUOSHAN,
		STREET 2:		XINYANG
		CITY:			HENAN PROVINCE
		STATE:			F4
		ZIP:			464200

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Sports Source Inc
		DATE OF NAME CHANGE:	20041223
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-09-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001312547</issuerCik>
        <issuerName>New Oriental Energy &amp; Chemical Corp.</issuerName>
        <issuerTradingSymbol>NOEC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001376441</rptOwnerCik>
            <rptOwnerName>CHEN SI QIANG</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>XICHENG INDUSTRIAL ZONE OF LUOSHAN</rptOwnerStreet1>
            <rptOwnerStreet2>XINYANG HENAN</rptOwnerStreet2>
            <rptOwnerCity>PROVINCE</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-09-28</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>938496</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>938496</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8438496</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">On September 28, 2010, New Oriental Energy &amp; Chemical Corp. (the &quot;Company&quot;) and Chen Siqiang entered into an Indebtedness Conversion Agreement (the &quot;Conversion Agreement&quot;) pursuant to which, in lieu of cash payment for money Chen Siqiang advanced to the Company (the &quot;Loans&quot;), the Company issued shares of its common stock for such portion of the Loans.</footnote>
        <footnote id="F2">Auto Chance International Limited (&quot;Auto Chance&quot;) owns 7,500,000 shares of common stock of the Company.  As the majority stockholder of Auto Chance, Chen Siqiang has an indirect pecuniary interest in the common stock of the Company.  Chen Siqiang owns, and has a direct pecuniary interest in, 938,496 shares of common stock of the Company pursuant to the Conversion Agreement.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Chen Siqiang</signatureName>
        <signatureDate>2010-09-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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