Green Car Congress: Chinese Biodiesel Producer Targeting $200M IPO

« DaimlerChrysler Confirms Launch of smart EV | Main | London Cracks Down on Taxi Emissions »

Chinese Biodiesel Producer Targeting $200M IPO

14 July 2006

The South China Morning Post reports that Chinese biodiesel producer Gushan is seeking to raise US$200 million in an initial public offering in Hong Kong before the end of the year. Gushan would be the first biodiesel firm to list in the territory.

Gushan first launched its biodiesel products in 2001. The company has four production lines with a combined capacity of 140,000 tonnes per year (about 42 million gallons US), and uses both waste fats and cooking oils as well as vegetable oils (rapeseed, soy, peanut, sunflower).

With plants in Sichuan, Hebei and Fujian, the company plans to expand into Beijing, Shanghai and Guangdong.

The paper reported that Gushan has hired Credit Suisse to manage the share sale.

July 14, 2006 in Biodiesel, China | Permalink | Comments (3) | TrackBack (0)

Comments

I hope that they are using waste oil first. Afterwards, possibly they could use motor oil/grease taken from sewage treatment.

Posted by: allen Z | July 14, 2006 at 06:18 PM

Students in public higher institutions of learning have expressed discontent over the new student’ s loan scheme yet to commence.

Posted by: online va home loan | April 29, 2008 at 10:32 AM

RSA' s latest Global Online Fraud Report found 186 financial institutions were the subject of online fraud attacks during December, an increase from last month, but a sizeable decrease from December 2006. One surprise: a big upswing in fraud against U. S. credit unions. According to a press statement, "attacks on credit unions now account for 45% of all monthly activity[ among U. S. financial brands]. Attacks against national banks have decreased from 44% in November to the current 26%." Is this just an...

Posted by: bad credit finance companies | May 02, 2008 at 12:25 PM