We present a new non perturbative renormalization group for classical simple
fluids. The theory is built in the Grand Canonical ensemble and in the
framework of two equivalent scalar field theories as well. The exact mapping
between the three renormalization flows is established rigorously. In the Grand
Canonical ensemble the theory may be seen as an extension of the Hierarchical
Reference Theory (L. Reatto and A. Parola, \textit{Adv. Phys.}, \textbf{44},
211 (1995)) but however does not suffer from its shortcomings at subcritical
temperatures. In the framework of a new canonical field theory of liquid state
developed in that aim our construction identifies with the effective average
action approach developed recently (J. Berges, N. Tetradis, and C. Wetterich,
\textit{Phys. Rep.}, \textbf{363} (2002))