Stocks News
- First biodiesel producer from China listed on NYSE
Date: 20-Dec-2007 Sources: (Xinhua Online)
NEW YORK, Dec. 19 (Xinhua) -- 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, andby-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 U.S. dollars.
The NYSE now has 51 companies listed from Greater China, including 39 from Mainland China, 7 from Hong Kong, and 5 from the Taiwan region.
The total global market capitalization of the 39 NYSE-listed Chinese companies from the mainland is 1.5 trillion dollars, and for the 51 companies from greater China, 2.0 trillion dollars.
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