China Energy Recovery to create system for Dongsheng
China Energy Recovery, Inc. has secured a US$1.76 million contract to design and manufacture a set of waste heat energy recovery system for Dongsheng Chemical.
This makes it the second contract concluded within a one-month period for China Energy Recovery--the other being with the Yangfeng Group of approximately US$1.42 million in contract value announced on 7 April 2009.
"Though there are still challenges as the result of economic downturns in China and globally, viewing these new contracts on an annual basis, it is anticipated the year of 2009 will continue to grow and we expect that growth will be carried well into 2010 and beyond," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.
The above-mentioned waste heat energy recovery system is designed to generate 120 tons of steam per hour. This is equivalent to nearly 24MW of heat energy generation capacity and will enable Dongsheng Chemical--a large, privately-held chemical fertilizer company in Hubei Province in central China--to reduce the cost of purchasing steam from outside sources needed to support the facility operations.
This project is estimated to achieve an annual equivalent of roughly 52,000 tons of coal, which would otherwise be required to produce the same amount of power, and consequently the reduction of roughly 138,000 tons of carbon dioxide emission from the burning of that coal each year.
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