Jan 12 2010
China Energy Recovery, Inc. (OTC Bulletin Board: CGYV) ("CER"), which designs, manufactures and installs waste heat energy recovery systems, today announced it signed an 18 million RMB (US $2.6 million) engineering, procurement and construction (EPC) contract with sulfuric acid producer, Wylton (Dazhou) Chemical Co. Ltd., a subsidiary of Wylton (China) Chemical Co., Ltd. to build and install a low-temperature waste heat recovery system for Wylton's 800,000 ton-per-year sulfuric acid plant.
CER received an initial payment equal to 20 percent of the contract amount from Wylton. The remainder of the contract will be remitted over the course of the project, which is scheduled for completion in December 2010.
"CER has considerable background and experience in providing waste heat recovery systems for large-scale sulfuric acid plants and we are grateful to Wylton Chemical for providing this opportunity to apply our expertise," CER Chairman and Chief Executive Officer Qinghuan Wu, said.
"We are confident in the strength of our technology and our engineering," Mr. Wu said. "We look forward to the new year and the opportunities it will bring, in China and abroad."
Source: http://www.chinaenergyrecovery.com/s/Home.asp