(Source: PRNewswire-Asia)
SHANGHAI, China, Jan. 13 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV; "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 "Plant") that CER built under the EPC (Engineering, Procurement and Construction) model (the "Project") for Hunan Yongli Chemical ("Yongli") was commissioned and has been operating successfully since December 28, 2008. Yongli, located in Hunan province, China, is a key chemical subsidiary of China National Salt Industry Corporation, the largest salt company in Asia. The Project demonstrates that CER has successfully established a strong presence in the EPC market in recent years.
The Plant is designed to produce 200,000 tons of sulfuric acid a year and generate 30 tons of steam per hour from waste heat energy captured during production. The steam will partly be used to generate electricity with 3MW power generation capacity and the rest will be returned back into the production process and utilized directly. The utilization of the remaining steam can be translated into another 3MW power generation capacity. This EPC project has enabled Yongli to execute its strategy to expand production capacity while improving energy efficiency and meeting environmental requirements. The new plant is expected to achieve an annual savings of roughly 13,000 tons of coal (coal equivalent), which would otherwise be required to produce the same amount of power, and the reduction of roughly 34,000 tons of carbon dioxide emission each year.
The successful startup of operations is also a good recognition of CER's strong engineering capability to carry out EPC projects for new chemical plants and integrate energy recovery technology into the plants so as to help the industrial customers improve energy efficiency and reduce pollution. At the Startup Ceremony, Mr. Zhenrong Lu, the General Manager of Yongli, praised CER for making the Project a success, which has laid a solid foundation for future business opportunities between the two companies.
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.
