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China Energy Recovery Wins an EPC Contract for a New Sulfuric Acid Plant With Built-in Waste Heat Recovery System

Tue, 08 Sep 2009 11:47:00 GMT

SHANGHAI, Sept. 8 /PRNewswire-Asia/ --
China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has won a new EPC (Engineering, Procurement and Construction) contract to construct a sulfuric acid plant with built-in waste heat recovery system for Tianjin Qinfa Chemical ("Qinfa"), a subsidiary of Tianjin Bohai Chemical Group, a leading chemical producer and one of the 200 Largest Companies in China.
The new plant will be designed to produce 200,000 tons of sulfuric acid annually and generate 29 tons of steam per hour from waste heat energy captured during production.

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China Energy Recovery Wins a Waste Heat Recovery System Contract From Fortune Global 500 Marubeni's Joint Venture in Jiangsu Province

Tue, 14 Jul 2009 11:46:00 GMT

SHANGHAI, July 14 /PRNewswire-Asia/ --
China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has won a contract to design and manufacture a waste heat recovery system for the new 300,000 ton annual capacity sulfuric acid plant of Wuxi Zhenyu Chemical, a joint venture between Marubeni, a Japanese Fortune Global 500 company, and Wuxi Sulfuric Acid, a leading sulfuric acid producer in Jiangsu Province.
"We are very pleased that as a long-term, valued customer, Wuxi Zhenyu Chemical, engaged us to supply the waste heat recovery system for them for the fourth time," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.

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China Energy Recovery to Present at the 17th National Phosphate Fertilizer and Sulfuric Acid Industry Conference in China

Tue, 12 May 2009 11:50:00 GMT

SHANGHAI, May 12 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) (ISIN: US16943V2060; "CER"), a leader in waste heat energy recovery and industrial energy efficiency, today announced CER's Chairman and CEO, Mr. Qinghuan Wu, who is an executive director of the China Sulfuric Acid Industry Association, will present on waste heat recovery technological application in the sulfuric acid industry at the conference.
The 17th National Phosphate Fertilizer and Sulfuric Acid Industry Conference hosted by China Sulfuric Acid Industry Association will be held from May 21 to May 24, 2009 in Hangzhou city, China.
The conference will focus on the latest developments in the sulfuric acid industry inside China and abroad.

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China Energy Recovery Announces Record Full Year and Fourth Quarter Financial Results for 2008

Tue, 31 Mar 2009 11:49:00 GMT

Full Year 2008 Financial Results
Revenue for 2008 increased by 95.6% to $23.18 million from $11.85 million in 2007.
Gross profit increased to $5.07 million, a 138.2% increase from $2.13 million in 2007.

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China Energy Recovery Completes a Series of Waste Heat Recovery Boilers for a New Methanol Plant of Sopo Chemical

Tue, 10 Mar 2009 11:48:00 GMT

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.
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 new methanol facility has an annual production capacity of 600,000 tons.

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Roger Ballentine of Green Strategies and China Energy Recovery's Board Director to Appear at RETECH 2009 in Las Vegas

Wed, 11 Feb 2009 19:47:00 GMT

SHANGHAI, China, Feb. 11 /PRNewswire-Asia/ -- Roger Ballentine, a well-known expert on alternative and renewable energy sources and climate change, is scheduled to appear on a distinguished panel entitled "Green Companies" on February 26, 2009 at the RETECH 2009 Conference.
Mr. Ballentine's firm, Green Strategies Inc., is a well known strategic business consulting firm in the energy and environmental arena and is a Board Member of China Energy Recovery, Inc. (BULLETIN BOARD: CGYV) ("China Energy Recovery" or "CER").
China Energy Recovery is a Shanghai-based company that has installed more than one hundred waste-heat energy recovery systems in some of the largest manufacturing facilities in China and other parts of Asia.

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China Energy Recovery Secures an $8.9 Million Contract for a Heat Recovery System Retrofit Project for Jiangsu Sopo Chemical

Tue, 27 Jan 2009 11:46:00 GMT

SHANGHAI, China, Jan. 27 /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 it has recently entered into an EPC (Engineering, Procurement and Construction) contract for a retrofit project (the "Project") to build a new low temperature heat recovery system (the "System") for the sulfuric acid plant of Jiangsu Sopo Chemical Group ("Sopo Group").
Sopo Group is a leading Chinese integrated chemical company and China's largest producer of Acetic Acid (Glacial), one of the major basic chemicals for industrial uses.
CER partners with MECS to provide the low temperature heat recovery systems for sulfuric acid plants in China.

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China Energy Recovery Reports More Than 140 MW Energy Generation Capacity Completed and Delivered in 2008

Tue, 20 Jan 2009 11:47:00 GMT

SHANGHAI, China, Jan. 20 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (ISIN: US16943V2060 - OTC Bulletin Board: CGYV; "CER"), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, announced today that, per estimate, the company helped complete and deliver the equivalent of roughly 143 MW of energy generation capacity to its clients in 2008.
Instead, China Energy Recovery's systems use nothing but waste energy recovered, capturing and converting what would normally be wasted energy into useable, efficient energy and saving its customers significant energy costs.
2008 was undoubtedly China Energy Recovery's most successful year to date, and we're very pleased with the energy generation capacity we were able to help our clients achieve from what would otherwise be wasted energy resources,'' stated CER's CEO, Mr. Qinghuan Wu.

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China Energy Recovery Announces Start of Operations of a Key EPC Project With Built-in Waste Heat Recovery System Resulting in 3MW Power Generating Capacity

Tue, 13 Jan 2009 11:48:00 GMT

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.

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China Energy Recovery Completes a New $3.3 Million Project for a Repeat Customer

Tue, 06 Jan 2009 11:49:00 GMT

SHANGHAI, China, Jan. 6 /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 it has successfully completed an EPC (Engineering, Procurement and Construction) project (the "Project") for a new specialty sulfuric acid plant, operated by Jiahua Chemical ("Jiahua"), in late December 2008.
The Project is a showcase of the customers' recognition of CER's strong engineering capability in undertaking complex EPC projects for the main production facilities integrated with waste heat recovery systems.
The revenue associated with the Project for CER amounts to roughly RMB22.8 million (approximately $3.3 million at the average exchange rate of 2008).

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China Energy Recovery Wins Strong Support From Local Government for Its New Manufacturing Plant

Wed, 26 Aug 2009 01:47:00 GMT

SHANGHAI, Aug. 25 /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 its first steps in its strategic initiative to expand production capacity for its sustained growth.
After months of site searching, CER has reached the major terms for the building site of its new manufacturing plant, which is located in an industrial park in Yangzhou City, Jiangsu Province that is along the Yangtze River and close to Shanghai.

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China Energy Recovery Files a New Patent of Waste Heat Recovery Technology

Tue, 18 Aug 2009 11:49:00 GMT

SHANGHAI, China, Aug. 18 /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 that the company has filed a new patent application with the Intellectual Property Office of China for its waste heat recovery technology.
This is very useful as it has been the market trend that the sizes of main manufacturing facilities to which the energy recovery system is integrated are continuously increasing.
"With our continuous focus on energy recovery since the start of the company, we have accumulated abundant technical know-how for energy recovery which largely strengthens our abilities to capture the evolving market demands," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.

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China Energy Recovery Reports Higher Second Quarter Fiscal 2009 Financial Results

Thu, 13 Aug 2009 11:55:00 GMT

SHANGHAI, Aug. 13 /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 financial results for the second fiscal quarter and the six months ended June 30, 2009.
Compared to revenues of $1.3 million for the first quarter ended March 31, 2009, revenues for the second quarter of 2009 rose by 503%.

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China Energy Recovery Wins a Waste Heat Recovery System Contract From Fortune Global 500 Marubeni's Joint Venture in Jiangsu Province

Tue, 14 Jul 2009 20:50:00 GMT

SHANGHAI, July 14 /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 that the company has won a contract to design and manufacture a waste heat recovery system for the new 300,000 ton annual capacity sulfuric acid plant of Wuxi Zhenyu Chemical, a joint venture between Marubeni, a Japanese Fortune Global 500 company, and Wuxi Sulfuric Acid, a leading sulfuric acid producer in Jiangsu Province.
"We are very pleased that as a long-term, valued customer, Wuxi Zhenyu Chemical, engaged us to supply the waste heat recovery system for them for the fourth time," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.

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China Energy Recovery Completes a $1.4 Million Export Order of a 3MW Biomass Boiler System for a Paper Mill in Malaysia

Tue, 07 Jul 2009 11:50:00 GMT

SHANGHAI, July 7 /PRNewswire-Asia/ --
China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) (ISIN: US16943V2060), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the company has completed a biomass boiler system for EKO-PP Paper Mill, the first paper mill to utilize palm shell to produce pulp and paper in Malaysia.
"This is our first biomass boiler system to export out of China," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.

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China Energy Recovery Announces the Addition of a Fourth Independent Director

Tue, 30 Jun 2009 11:48:00 GMT

SHANGHAI, June 30 /PRNewswire-Asia/ --
China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) (ISIN: US16943V2060), a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, today announced that the Company has appointed Mr. Ye Tian to the Board as the fourth independent director.
"We are very pleased to announce that another distinguished intellectual and experienced business professional has joined our Board of Directors," commented Mr. Qinghuan Wu, Chairman of the Board, CEO and founder of China Energy Recovery.

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China Energy Recovery Completes Detailed Engineering Design for Fortune Global 500 Sinochem's Fertilizer Subsidiary in Chongqing City

Tue, 23 Jun 2009 13:05:00 GMT

SHANGHAI, June 23 /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 company has completed the detailed engineering design service for a 30 MW Heat Recovery Power Generation System for Sinochem Fuling Chongqing Chemical Industry Co., Ltd. ("Sinochem Fuling"), located in Chongqing city in southwestern China.
Sinochem Fuling is a key fertilizer production subsidiary of Sinochem Corporation, a Fortune Global 500 company in China.

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China Energy Recovery Announces a Financing Transaction of $5 Million

Tue, 26 May 2009 19:46:00 GMT

SHANGHAI, May 26 /PRNewswire-Asia/ -- China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) (ISIN: US16943V2060; "CER"), a leader in waste heat energy recovery and industrial energy efficiency, today announced it has recently closed a financing transaction and issued a two-year 9.5% Unsecured Convertible Promissory Note in the principal amount of $5 million, which may be converted into common stock at a conversion price fixed at $1.80 per share, to an accredited private investor.
The net proceeds from the financing will be used to start the development of CER's new manufacturing plant.
"We are very pleased to see there are investors who can see our potential growth power, share our vision and believe in our execution capabilities in this challenging period," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.

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China Energy Recovery Completes Three Sets of Waste Heat Recovery Systems for a Large Nickel Mine Project in Papua New Guinea ; - Total Contract Value Amounts to US$4.85 Million & Revenue to Be Recognized in Q2 2009 Per US GAAP Would Be Roughly US$3.7 Million; - Partnered With Global 500 China Metallurgical Group's Engineering Arm; - Combined Systems Would Have an Equivalent Heat Energy Generation Capacity of 43MW

Tue, 05 May 2009 11:47:00 GMT

SHANGHAI, May 5 /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 that the company has completed a large order for three sets of waste heat recovery systems for a large nickel mine project in Papua New Guinea.
China Enfi Engineering Corporation ("Enfi"), one of China's largest engineering firms for overseas industrial construction and a subsidiary of China Metallurgical Group, a Global 500 corporation, is the main contractor for the nickel mine project.
CER has been a partner with Enfi for numerous projects of waste heat recovery systems in recent years.

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China Energy Recovery Announces Record Backlog Orders for 2009

Tue, 28 Apr 2009 11:47:00 GMT

SHANGHAI, China, April 28 /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 company has record backlog orders of RMB223 million in contract value (approximately US$32.7 million based on the exchange rate as of the date of this press release).
This represents an 86% increase compared to the backlog orders of RMB120 million (approximately US$17.6 million) at the same time in 2008.

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