History
- In 2001, Sichuan Gushan (Sichuan Gushan Vegetable Fat Chemistry Co., Ltd.) was established in Mianyang, Sichuan and began production of biodiesel with a manufacturing capacity of 10,000 tons.
- In 2003, Handan Gushan (Handan Gushan Bio-sources Energy Co. Ltd.) was established in Hebei and began to build a production line with biodiesel capacity of 30,000 tons per year which commenced production in 2004.
- In 2004, the company obtained ISO9001: 2000 international quality control certification.
- In 2004, a 30,000 ton biodiesel production line was added at the Sichuan facility, increasing capacity to 40,000 tons per annum
- In 2005, Fujian Gushan (Fujian Gushan Bio-diesel Energy Co., Ltd.) was establishedin Mawei, Fuzhou, Fujian Province and the company then began building a facility with biodiesel production capacity of 100,000 tons per year which commenced production in 2006.
- In 2006, Shanghai Gushan (Shanghai Gushan Bio-sources Energy Technologies Co.,Ltd.) and Beijing Gushan (Beijing Gushan Bio-sources Energy Co. Ltd.) in Beijing were established.
- In 2007, a 20,000 ton biodiesel production line was added at the Sichuan facility, increasing to 60,000 tons per annum.
- On December 19, 2007 an initial public offering of 18,000,000 American Depositary Shares (ADSs) began trading on the New York Stock Exchange under the symbol “GU”.
- On January 24, 2008, a 50,000 ton biodiesel production was added at the new opened Beijing plant, increasing capacity to 240,000 tons per annum.
- On February 19, 2008 the company announced that it has, through its newly established subsidiaries, Chongqing Gushan Bio-Sources Energy Co., Ltd and Hunan Gushan Bio-Sources Energy Co., Ltd, entered into agreements for the acquisition of land use rights to areas in Chongqing and Hunan, respectively, for the construction of biodiesel facilities in order to expand its production capacity.
Read more about this topic: Gushan Environmental Energy
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