LISHUI, China, Jan. 9,
2017 /PRNewswire/ -- Recently, Tantech Holdings Ltd.
(NASDAQ:TANH) ("Tantech" or the
"Company"), a leading manufacturer of bamboo-based charcoal
products, announced the research program led by its R&D center
that focused on techniques converting agricultural residues into
charcoal fuels has been included by the Science and Technology
Department of Zhejiang Province into its key agricultural projects
for the period from 2016 to 2018, and obtained 1.4 million yuan worth of subsidies from the
provincial department. The recognition marks another breakthrough
the company has achieved in agricultural technology research
development, especially bamboo charcoal-related
researches.
The program was initiated by Zhejiang Tantech Energy Technology
Co., Ltd, a wholly-owned subsidiary of Tantech, and has received
technical assistance from Zhejiang Forestry Academy and
Zhejiang University of Technology.
In the program, researchers converted agricultural residues, such
as straw, beanpole, rice husk, fruit shell and bamboo sawdust, into
high-value-added, low-flash-point charcoal fuels, through a series
of independently developed technologies, such as physical property
analysis, spontaneous combustion carbonization technology and
solidification forming process. Once the program is been put into
operation, it can utilize 15,000 tons of agricultural wastes a
year, creating an annual output of 22.5
million yuan, raising efficiency by 20% to 30% and reducing
labor costs by at least a third.
Due to the extensively casual disposal of agricultural residues
for years, we have long been low efficient in recycling resources,
while inappropriate waste incineration has been a source of
smog-forming air pollution. Tantech and its experts have spent
years to address the problem.
According to the leader of the program, with the policy support
from the government, the research will continue to be focused on
solutions for spontaneous combustion in agricultural waste and
exhaust emission disposal. The program aims to make breakthroughs
in three key areas, including smoke-free charcoal production
techniques, high efficient solidification forming techniques and
environmentally friendly compound ignition agent techniques.
Inorganic chemicals, which usually act as ignition agents in
low-flash-point charcoal fuels, have the defects such as potential
safety hazards, low automation and low production efficiency.
Tantech's researchers are endeavoring to address these problems and
work out solutions for the fuel industry's sustained and healthy
development.
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui City,
Zhejiang Province, China, Tantech Holdings Ltd. ("Tantech" or the
"Company"), together with its subsidiaries, develops and
manufactures bamboo-based charcoal products, including a variety of
branded consumer products and electric double-layer capacitor
("EDLC") carbon products for industrial energy applications. The
Company is in the process of acquiring 100% interest in Suzhou E
Motors Co., Ltd., a specialty electric vehicles and power batteries
manufacturer based in Zhangjiagang City, Jiangsu Province, and aims to transform itself
from a bamboo-based charcoal products producer to a vertically
integrated company along the EDLC Carbon –power battery –specialty
new energy vehicle value chain. For more information about Tantech,
please visit:
http://www.tantech.cn/en/index.asp.
Forward-Looking Statements
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulations, and other risks contained in reports filed by the
company with the Securities and Exchange Commission. All such
forward-looking statements, whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by
this cautionary statement and any other cautionary statements which
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
For more information, please contact:
Tantech Holdings Ltd.
Ms. Ye Ren
IR Manager
+86-578-261-2869
ir@tantech.cn
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tantech-led-research-recognized-by-zhejiang-science-and-technology-department-300387573.html
SOURCE Tantech Holdings Ltd.