China Energy Recovery wins two significant international contracts for waste-heat recovery facilities 
Industrial facilities and power plants 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 electricity, dramatically lowering energy costs.
Energy recovery systems are also capable of capturing the majority of carbon emissions and other harmful pollutants that would otherwise be released into the environment. It is estimated that energy recovery systems installed in U.S. industrial facilities could produce up to 20% of U.S. electricity needs without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.
China Energy Recovery, Inc. has announced two significant contracts for additional waste-heat recovery facilities – one in China and the other in Papua New Guinea – bringing the year-to-date systems orders to 36. The combined total value of the two contracts is nearly 47,000,000 (RMB), or more than $6.9 Million USD.
“These two projects again demonstrate China Energy Recovery’s superiority in our primary waste-heat recovery systems, and our strengthening foothold in the international market for heat recovery energy technology,” stated China Energy Recovery CEO, Mr. Qinghuan Wu. “While we continue to explore new applications for our technology, and we continue spreading our advanced systems into new regions, we’re seeing a steady pick-up in orders from existing and new customers that we believe will continue to build our business throughout 2008 and well through 2009.”
The two new systems are both waste-heat recovery systems for sulfuric acid plants and will be located in Yunnan Province, China and Papua New Guinea. The Yunnan project can generate both electricity and heat energy in the form of hot steam that is directly used by the manufacturing process while the Papua New Guinea project will primarily generate heat energy in the form of hot steam.
Both systems have a completion date targeted at late 2009 and will reduce carbon emissions from their facilities. The carbon reductions may create an additional revenue stream for CER at a later date.
“2008 is shaping up to be our biggest growth year for CER, ever, and our international exposure and sales efforts continue to look very positive,” continued Mr. Wu. “Our technology is finally earning a well-deserved reputation for being an energy-saving and environmentally friendly ‘win-win’ for heavy industries. And with the current economic and environmental difficulties upon all industries, we feel we’re in the right business at the optimal time. Our prospects for a very solid year and near-future are very positive.”
Related categories: Environmental technologies for industrial plants and factories
