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No. 37, Golden Pond Rd., Golden Mountain Industrial District Fuzhou, Fujian, China Tel. +86-591-8385-9133 Fax +86-591-8385-9105 |
Type: Public
On the web:
http://www.chinagushan.com
Employees:
522
Employee growth: 38.8%
Talk about a multitasker, veggie oil will fry up your food AND gas up your car. Chinese biodiesel maker Gushan Environmental Energy produces 290,000 tons of this renewable fuel per year out of vegetable oil, animal fat, and recycled cooking oil. The company buys these raw materials from local vegetable oil and waste management companies, then once processed, the biodiesel is sold directly to marine vessel operators, petroleum wholesalers, and retail gas stations for use in boats, buses, trucks, generators, and other engines. Sales of biodiesel accounted for 75% of Gushan's revenues in 2009. Gushan moved to diversify its recycling business in 2010 by agreeing to acquire recycler Mian Yang Jin Xin Copper Co.
Key numbers for fiscal year ending December, 2011:
Sales: $229.9M
One year growth: 272.3%
Net income: ($118.6)M
Officers:
Chairman and Principal Executive Officer: Jianqiu Yu
President: Wilson Wai Sun Kwong
COO and President, Management Department: Haisui Chen
Competitors:
Sinopec Corp.
CNOOC
PetroChina