Lishui-based CN Energy listed on Nasdaq market in New York

chinadaily.com.cn| Updated : Feb 8, 2021 L M S


Lishui-based CN Energy Group Inc is listed on the huge technology equities-dominated Nasdaq Stock Exchange in New York city. [Photo/WeChat account: wxlishui]

CN Energy Group Inc -- based in the Lishui Economic and Technological Development Zone in Zhejiang province's Lishui city -- was listed recently in New York city on the massive, technology share-dominated Nasdaq Stock Exchange, the local media reported.

CN Energy is an export-oriented national high-tech enterprise specializing in biochar – a form of carbon-rich charcoal -- as well as in electricity and heat co-generated technology.

The company utilizes independent research and development technology to produce high value-added activated carbon and biomass energy from forestry residues and its products have a very broad market in the fields of environmental protection, food processing, fine chemicals, as well as in pharmaceuticals and medical treatment.

According to Zheng Kangbin, CEO of CN Energy, by leveraging its high-profile New York listing, the enterprise will both boost its investment in Lishui, as well as accelerate its international development.

He said the goal was to grow the company into the largest supplier of high-quality activated carbon in China.

Lishui is currently home to nine listed companies including CN Energy, according to officials.