Gushan establishes refinery in Hunan

The foundation for Hunan Gushan Bio-Energy Company that is funded by Gushan Environmental Energy Limited with a total investment of 220 million yuan (US$31.47 million) was recently laid in the Liuyang Bio-technological Park. Upon completion, the annual biodiesel output of this project will be 30,000 tons. The new company will mainly use industrial waste oil, such as hogwash oil, and palm oil imported from Malaysia as raw materials and will not consume large quantities of grain. (May 9, 2008)