A Successful Showcase of Expansion Into the Coal Chemical Segment SHANGHAI, March 10 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced the completion of the order to make a series of waste heat recovery boilers for Jiangsu Sopo Chemical Group ("Sopo Group"), a repeat customer of CER. These waste heat recovery boilers are for Sopo Group's new methanol production facility to support its main acetic acid manufacturing plant. Sopo Group is a leading Chinese integrated chemical company and China's largest and world's third largest producer of acetic acid (glacial), one of the major basic chemicals for industrial uses. The total contract value of the order amounts to RMB13.6 million (approximately US$2.0 million at the prevailing exchange rate on the date of release), among which RMB7.3 million (approximately US$1.1 million) were completed in 2008. The new methanol facility has an annual production capacity of 600,000 tons. The series of waste heat recovery boilers that CER makes will altogether generate roughly a total of 200 tons of steam per hour from waste heat energy captured from methanol production. The steam will be reused in the production processes. The utilization of the steam generated could roughly translate into a 44 MW power generation capacity. Based on the steam to be utilized, it is expected to help achieve an annual saving of roughly 95,040 tons of coal (coal equivalent), which would otherwise be required to produce the same amount of power, and subsequently the reduction of roughly 252,800 tons of carbon dioxide emission each year. "We are happy to see that our long-term customer, Sopo Group, is growing in the current difficult market environment," commented Mr. Qinghuan Wu, CER's CEO, "the successful completion of this order demonstrates that our company has the necessary capabilities to supply waste heat recovery systems to the coal chemical segment that has been identified as one of China's strategically focused fields to develop in the years to come." The numbers presented above are the contract value and include a 17% Value Added Tax and the retainage amount for product warranty purposes which is 5% of the contract value and will be recognized as deferred revenue. The numbers presented represent values based on current exchange rates. Changes in the currency exchange rates would result in a commensurate change in contract value. 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 further 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, +1-310-867-0670, and Investor Relations, Jim Blackman, +1-713-256-0369, , both for China Energy Recovery, Inc. Web site: http://www.chinaenergyrecovery.com/s/Home.asp

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