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Gushan Environmental Energy Limited Opens Beijing Biodiesel Plant
New York NY (SPX) Jan 29, 2008 Gushan Environmental Energy Limited, China's largest producer of biodiesel as measured by annual production capacity, announced that its Beijing plant has commenced production, adding 50,000 tons to the company's annual biodiesel production capacity. Annual capacity of the Beijing plant is expected to increase to 100,000 tons in the fourth quarter of 2008 when additional expansion is completed. "We are pleased to announce the commencement of production at our Beijing plant. Construction of this plant was completed ahead of our original schedule and within our prior estimated budget. We believe this milestone is a testament to our ability to efficiently expand our production lines and execute our growth strategy. With an additional 50,000 tons of annual biodiesel capacity, we believe Gushan not only extends its leadership in the China biodiesel industry but also further contributes to the environmental and energy needs of China," said Jianqiu Yu, Chairman of Gushan. To remain at the forefront of China's biodiesel industry, Gushan plans to continue expanding its production capacity. In addition to opening the new Beijing plant, the company plans to open a biodiesel plant with a capacity of 50,000 tons per year in Shanghai in the second quarter of 2008, followed by plants in Chongqing and Hunan, each with initial targeted capacities of 30,000 tons per year, in the fourth quarter of 2008. In November of 2007, Gushan expanded the production capacity of its Sichuan plant by 20,000 tons. With opening of the Beijing plant and its existing three production facilities, located in the Sichuan, Hebei and Fujian provinces in China, Gushan's aggregate annual biodiesel production capacity is 240,000 tons. The company targets to increase its annual biodiesel production capacity to 400,000 tons by the end of 2008. Related Links Powering The World in the 21st Century at Energy-Daily.com
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