| Sunshine Kaidi New Energy Group Co. Ltd. | |
| Type: | Private |
| Foundation: | 1992 |
| Location City: | Wuhan, Hubei |
| Location Country: | China |
| Key People: | Chen Yilong (CEO) |
| Industry: | Energy Industry |
| Products: | Renewable fuels |
| Parent: | Sunshine Kaidi New Energy Group |
| Subsid: | Kaidi Ecological and Environmental Technology Co. Ltd. Alter NRG Corporation Westinghouse Plasma Corporation Sunshine Kaidi (Finland) New Energy Co. Oy |
Sunshine Kaidi New Energy Group Co. Ltd. (Sunshine Kaidi, former name: Wuhan Kaidi Holding Investment Co., Ltd.) is a Chinese holding company. It is one of the largest bioenergy companies in China.[1] The company is privately owned with the controlling stake belonging to Chen Yilong.[2] Its subsidiary Kaidi Ecological and Environmental Technology Co. Ltd. in which Sunshine Kaidi owns a 29.08% stake, is listed in the Shenzhen stock market, but the trading is suspended.[3]
The company was formed in 1992.[4]
In 2014, Kaidi acquired biofuel technology and equipment from American company Rentech.[5] In 2015, it acquired Calgary-based plasma gasification company Alter NRG.[6]
Since 2018, the company has become visibly strained by its debt load with its subsidiary Kaidi Ecological and Environmental Technology Co. Ltd. defaulting on a bond.[7]
The company is active in 24 Chinese provinces and Vietnam.
The company has had plans to expand to European markets with its main investment being a refinery in Kemi, Finland under its Finnish subsidiary.[8]