China Energy Recovery Announces the Official Operation of a New Sulfuric Plant with a Built-in Waste Heat Recovery System
March 03 2009 - 7:00AM
PR Newswire (US)
- Waste heat energy recovered corresponds to 10MW power generation
capacity - More than 60,000 tons of annual carbon dioxide emission
reduction SHANGHAI, March 3 /PRNewswire-Asia/ -- China Energy
Recovery, Inc. (OTC:CGYV) (BULLETIN BOARD: CGYV) (ISIN:
US16943V2060; "CER"), a leader in the waste heat energy recovery
sector of the industrial energy efficiency industry, announced
today that a new sulfuric acid plant (the 'New Plant') of Sichuan
Chemical, which CER designed and supplied its waste heat recovery
system and other equipment for in 2008, started the official
operation on February 24, 2009. The New Plant has been successfully
operating on a trial basis since August 2008. Sichuan Chemical,
located in Sichuan province where the May 2008 earthquake occurred,
is one of the largest synthetic ammonia and nitrogen fertilizer
producers in China. The New Plant is designed to produce 300,000
tons of sulfuric acid annually and generate 52.8 tons of steam per
hour from waste heat energy captured during production. The steam
is reused in the production process. The utilization of the steam
generated roughly translates to 10MW power generation capacity.
This project has enabled Sichuan Chemical to expand its production
capacity while improving energy efficiency and meeting mandated
environmental requirements. The New Plant is expected to achieve an
annual saving of roughly 23,800 tons of coal (coal equivalent),
which would otherwise be required to produce the same amount of
power, and subsequently the reduction of roughly 63,200 tons of
carbon dioxide emission each year. CER has again demonstrated its
strong design and engineering capability to build new chemical
plants and integrate energy recovery technology into the plants so
as to help the industrial customers improve energy efficiency and
reduce pollution. What is Waste Heat Energy Recovery? Industrial
facilities release significant amounts of excess heat into the
atmosphere in the form of hot exhaust gases or high-pressure steam.
Energy recovery is the process of recovering vast amounts of that
wasted energy and converting it into usable heat energy or
electricity, dramatically lowering energy costs. Energy recovery
systems are also capable of capturing harmful pollutants that would
otherwise be released into the environment. It is estimated that if
energy currently wasted by all the U.S. industrial facilities could
be recovered, it could produce power equivalent to 20% of U.S.
electricity generation capacity without burning any additional
fossil fuel, and could help many industries to meet stringent
environmental regulations. About China Energy Recovery, Inc. CER is
an international leader in designing, manufacturing and installing
waste heat energy recovery systems which provide facilities with
greater energy efficiency. The company's primary focus is on the
Chinese market. CER's technology captures industrial waste energy
to produce low-cost electrical power, enabling industrial
manufacturers to reduce their energy costs, shrink their emissions
footprint, and generate sellable emissions credits. CER has
deployed its systems throughout China and in such international
markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on
numerous industries in which a rapid payback on invested capital is
achieved by its customers, including: chemical, paper
manufacturing, refining (including methanol refining), etc. CER
continues to invest in R&D and plans to build China's first
state-of-the-art energy recovery system research and fabrication
facility to allow it to meet the increased demand for its products
and services. For more information on CER, please visit:
http://www.chinaenergyrecovery.com/s/Home.asp . Information on
CER's website does not comprise a part of this press release.
Forward-Looking Statement Disclaimer This press release includes
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995, as amended. All statements, other
than statements of historical fact, included in the press release
that address activities, events or developments that CER believes
or anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made
based on experience, expected future developments and other factors
that CER believes are appropriate under the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of CER and may
not materialize, including, without limitation, the efficacy and
market acceptance of CER's products and services, and CER's ability
to successfully complete orders and collect revenues therefrom.
Investors are cautioned that any such statements are not guarantees
of future performance. Actual results or developments may differ
materially from those projected in the forward-looking statements
as a result of many factors. Furthermore, CER does not intend (and
is not obligated) to update publicly any forward-looking
statements, except as required by law. The contents of this release
should be considered in conjunction with the warnings and
cautionary statements contained in CER's filings with the SEC,
including CER's Current Report on Form 8-K filed with the
Securities and Exchange Commission on April 21, 2008. For more
information, please contact: Media Sean Mahoney Tel:
+1-310-867-0670 Email: Investor Relations Jim Blackman Tel:
+1-713-256-0369 Email: DATASOURCE: China Energy Recovery, Inc.
CONTACT: Media - Sean Mahoney at +1-310-867-0670 or ; Investor
Relations - Jim Blackman at +1-713-256-0369 or Web site:
http://www.chinaenergyrecovery.com/s/Home.asp
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