Gushan Environmental Energy opens 50,000 tonne biodiesel plant in Beijing

In China, Gushan Environmental Energy has commenced biodiesel production at its 50,000 tonne Beijing facility. Capacity at the Beijing plant will be increased to 100,000 tonnes by the 4th quarter of 2008. Gushan is on track to open a new 50,000 tonne facility in Shanghai in the second quarter of this year, with 30,000 tonne plants opening in Chongqing and Hunan later in the year. Overall, the company has set a goal of 400,000 tonnes of biodiesel capacity by the end of 2008.

In December, Gushan announced plans for a US-based IPO. The company did not disclose how much it expected to raise, but used $250 million as a nominal figure to calculate registration fees.

The company reported revenues of $98.3 million for the first nine months of 2007, up from $81.5 million for corresponding period of 2006. Income fell to $33.4 million from $36 million in the first nine months of 2006.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Gushan commissions 50,000 tonne Shanghai biodiesel plant

In China, Gushan Environmental Energy said that it has commenced production at its 50,000 tonne biodiesel plant in Shaghai, raising its total capacity to 290,000 tonnes. The company added that it is o...

Gushan adds new biodiesel capacity in Beijing; three new plants planned in China

In China, Gushan Environmental Energy announced that it has commenced production at the company's expanded biodiesel plant in Beijing, adding 50,000 tonnes (165 Mgy) in new capacity. The company alrea...

Gushan acquires two new biodiesel plant sites in China

In China, Gushan Environmental Energy announced agreements to acquire land in Chongqing and Hunan for biodiesel operations. Capacity was not announced for the proposed 11-acre sites, but they are cons...

ASB Biodiesel announces 100,000 tonne biodiesel plant in Hong Kong

In China, ASB Biodiesel announced a 100,000 Tpy multi-feedstock biodiesel plant, that will be built in the Tseung Kwan O industrial area of Hong Kong. The plant will primarily utilize used cooking oil...

China’s largest biodiesel producer, Gushan, resumes full production following Olympics lull

In China, Gushan Environmental Energy, the country's largest biodiesel producer, announced that it had resumed full production after an extended slowdown occasioned by the Beijing Olympic Games. Biofu...

Gushan biodiesel production in Beijing shut down by Olympics as city clamps down on emissions prior to Games

As the Summer games of the 29th Olympiad in Beijing set to begin this week, biodiesel production in Beijing has shut down due to transport restrictions aimed to clear the city's notorious pollution. O...