GUSHAN Environmental Energy Limited, the first biodiesel producer from China, has listed on the New York Stock Exchange.
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, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide.
The company began trading on the NYSE on Wednesday under the ticker symbol "GU" after its successful IPO in which it raised US$172.8 million.
The NYSE now has 51 companies listed from China, including 39 from China mailand, seven from Hong Kong, and five from the Taiwan region.
The total global market capitalization of the 39 NYSE-listed Chinese companies from the mainland is US$1.5 trillion, and for all the 51 companies from China, US$2.0 trillion.