Sunshine Kaidi
| Company type | Private |
|---|---|
| Industry | Bioenergy, Conglomerate |
| Predecessor | Wuhan Kaidi Holding Investment Co., Ltd. |
| Founded | 1992 |
Area served | China (24 provinces), Vietnam, Finland (planned expansion) |
Key people | Chen Yilong (CEO and majority owner) |
| Products | Biofuel technology, plasma gasification technology |
Sunshine Kaidi New Energy Group Co. Ltd. (previously known as Wuhan Kaidi Holding Investment Co., Ltd.) is a Chinese conglomerate and ranks among the foremost bioenergy enterprises within China. The company is privately held, with CEO Chen Yilong maintaining majority ownership. Sunshine Kaidi holds a 29.08% interest in its affiliate, Kaidi Ecological and Environmental Technology Co. Ltd., which is publicly traded on the Shenzhen Stock Exchange, although its shares are currently not being traded.
History
Established in 1992, Sunshine Kaidi has grown by acquiring key assets such as biofuel technology and machinery from the U.S.-based firm Rentech in 2014, followed by the acquisition of Alter NRG, a plasma gasification company headquartered in Calgary, in 2015. The organization has encountered financial difficulties since 2018, including a bond default by its subsidiary amid increasing debt burdens.
Markets
Sunshine Kaidi conducts business across 24 provinces within China as well as in Vietnam.
The group is targeting expansion into European territories, highlighted by a significant investment in a refinery located in Kemi, Finland through its Finnish branch.