Gushan Environmental Energy Limited, the first biodiesel
producer from China, listed on the New York Stock Exchange
Wednesday.
Gushan Environmental Energy is China's largest producer of
biodiesel, as measured by annual production capacity. The company
produces biodiesel, a renewable, clean-burning and biodegradable
fuel, primarily from vegetable oil offal and used cooking oil, and
by-products from biodiesel production, including glycerine, plant
asphalt, erucic acid and erucic amide.
The company began trading on the NYSE Wednesday under the ticker
symbol "GU" after its successful IPO in which it raised $172.8
million.?
The NYSE now has 51 companies listed from China, including 39
from the Chinese mainland, 7 from Hong Kong, and 5 from Taiwan
province.
The total global market capitalization of the 39 NYSE-listed
Chinese companies from the mainland is $1.5 trillion, and for the
51 companies from China, $2.0 trillion.
(Xinhua News Agency December 20, 2007)
