Gushan Environmental Energy Limited is a biodiesel producer in China. The Company produces biodiesel and by-products of biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide. Biodiesel is a renewable, clean-burning and biodegradable fuel produced from a variety of feedstocks, such as vegetable oil, animal fat and recycled cooking oil. The Company’s aggregate annual biodiesel production capacity increased from 40,000 tons, during the year ended December 31, 2004 to 70,000 tons, 170,000 tons and 190,000 tons as of December 31, 2005 and 2006 and November 1, 2007, respectively. It produced and sold 158,994 tons of biodiesel during the year ended December 31, 2006, and 136,587 tons of biodiesel as of September 30, 2007. The Company sells its products in China to direct users, including marine vessel operators, petroleum wholesalers and individual retail gas stations. The Company primarily uses vegetable oil offal and used cooking oil to produce biodiesel.
www.chinagushan.com
13.27
+1.87 (16.40%)
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After Hours: 13.52 +0.13 (0.97%)
www.chinagushan.com
13.27
+1.87 (16.40%)
§
After Hours: 13.52 +0.13 (0.97%)
