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China Energy Recovery Announces the Official Operation of a New Sulfuric Plant with a Built-in Waste Heat Recovery System

Posted on: Tuesday, 3 March 2009, 06:00 CST

SHANGHAI, March 3 /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, 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.

SOURCE China Energy Recovery, Inc.

Source: PR Newswire

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