Category Archives: China Energy Recovery Inc. CGYV

China Energy Recovery (CGYV.OB) Completes Major Contract for Hubei Yangfeng

October 13, 2009

Headquartered in Shanghai, China Energy is an international leader in designing, fabricating, implementing and servicing energy recovery systems. With state-of-the-art technology which captures industrial waste energy to produce low cost electrical power, the company enables industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. With a growing reputation, China Energy caught the attention of investors globally with the announcement that it has completed a major contract for the Hubei Yangfeng Group which has a total value of $1.42 million.

This completed project will not only represent growth in the economy but will also help the environment. For example, while the $1.42 million will help China Energy Recovery embrace a new financial spectrum, the completed systems are designed to generate 120 tons of steam per hour, which translates into nearly 24MW of thermo power generation capacity. These systems will help Yangfeng achieve an estimated annual saving of up to 57,100 tons of coal (coal equivalent) and reduce carbon dioxide emissions by up to 151,700 tons.

Leading the way at China Energy Recovery is Wu Quinghan who founded the young company in 1995. While serving as China Energy’s CEO and Chairman of the Board, Wu Quinghan currently serves as the executive member of the Chinese Sulfur Industry Association and was recently awarded Most Progressive Technology by China Science. Prior to founding CER, Mr. Wu worked for 23 years as an engineer at Nanjing Chemical Industry Research Institute, the largest research institute under the Ministry of Chemical Industry.
When asked about this agreement, the China Energy Recovery Chairman was quoted as saying, “We are very pleased to have completed these waste heat recovery systems for Yangfeng, which is an important repeat customer of CER. China remains the largest agricultural country in the world and the demand for fertilizer is substantial. With Chinese government’s regulations mandating greater environmental protection and energy savings, it is becoming crucial for fertilizer producers to include waste heat recovery systems in their facilities. This is a market segment we have been focusing on and expect to have continued growth.”

Currently, China Energy Recovery is trading in the $1.09 range. With strong leadership and global appeal, this company may end up being the gem of portfolios for years to come.

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China Energy Recovery Inc. (CGYV.OB) Awarded $4.47 Million Contract to Construct Sulfuric Acid Plant with Waste Heat Recovery System in China

September 8, 2009

Energy recovery is a process in which wasted energy is captured and converted into heat energy or electricity, which ultimately lowers heat pollution and captures harmful pollutants before they enter the atmosphere.

China Energy Recovery Inc. designs, manufactures and installs such waste heat energy recovery systems, primarily targeting the Chinese market, where industrial facilities release high amounts of excess heat into the atmosphere. The company today announced it has been chosen to construct a sulfuric acid plant equipped with a waste heat recovery system for Tianjin Qinfa Chemical, a subsidiary of chemical producer Tianjin Bohai Chemical Group, one of the 200 Largest Companies in China.

The plant is expected to produce 200,000 tons of sulfuric acid a year, and will generate 29 tons of steam per hour from waste heat energy that is captured during the production process. A portion of the steam will be used to generate up to 3MW of electricity, and the rest will be used directly.

China Energy Recovery chairman and CEO Quinghuan Wu said the contract reflects wide-spread expansion strategies among industrial companies in China as they take advantage of the stimulus package and address environmental concerns.

“This is a good example of the recent developments in Chinese industries as a result of China’s economic stimulus package since late last year,” Wu stated in the press release. “We have seen that industrial companies in China are resuming their expansion plans and at the same time are paying more attention to energy efficiency and environmental issues in order to achieve sustained growth. We are also glad to see that more and more customers have recognized our strong engineering capabilities and been willing to engage us to undertake [Engineering, Procurement and Construction] EPC projects for them. This is expected to be a growth area for the company in the years to come.”

The project will enable Qinfa to fulfill its expansion strategy and efforts to boost production capacity and improve energy efficiency. This, in turn, will allow the company to reduce energy costs and meet environmental requirements. The company anticipates saving approximately 12,500 tons of coal equivalent and reducing carbon dioxide emissions by 33,000 tons.

The contract is valued at $4.47 million and is expected to be completed in May of 2010.

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Beacon Equity Research Featured Company: China Energy Recovery Inc. (CGYV.OB)

February 20, 2009

China Energy Recovery Inc. is an international leader in energy recovery systems, with a primary focus on the Chinese market. Headquartered in Shanghai, the Company designs, fabricates, implements, and services energy recovery systems. Their technology captures industrial waste energy to produce low cost electrical power. Their system can capture and reuse over 90 percent of the energy that would otherwise be lost. This allows manufacturers to reduce their energy costs, lessen their emissions footprint, and generate sellable emissions credits.

China Energy Recovery Inc. focuses their efforts on the petrochemical, paper manufacturing, coke processing, steel, cement, and refining/power generation industries. Their systems aid in reducing sulfur dioxide emissions. The Company is responsible for successfully installing one hundred energy recovery systems in China and internationally. Their systems are in Egypt, Turkey, Korea, Vietnam, and Malaysia. They intend to expand their marketing to customers in North America and Europe.

The Company has made a commitment to continue investment in Research and Development. Their corporate plan is to build China’s first modern energy-recovery system research and fabrication facility. This is to allow them to meet the increased demand for their goods and services. China Energy Recovery Inc.’s mission is to expand their technology so they can provide solutions for other inefficient energy intensive industrial processes.

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China Energy Recovery Inc. (CGYV.OB) is “One to Watch”

January 14, 2009

China Energy Recovery Inc. is an international leader in energy recovery systems, with a primary focus on the Chinese market. Headquartered in Shanghai, the Company designs, fabricates, implements, and services energy recovery systems. Their technology captures industrial waste energy to produce low cost electrical power. Their system can capture and reuse over 90 percent of the energy that would otherwise be lost. This allows manufacturers to reduce their energy costs, lessen their emissions footprint, and generate sellable emissions credits.

China Energy Recovery Inc. focuses their efforts on the petrochemical, paper manufacturing, coke processing, steel, cement, and refining/power generation industries. Their systems aid in reducing sulfur dioxide emissions. The Company is responsible for successfully installing one hundred energy recovery systems in China and internationally. Their systems are in Egypt, Turkey, Korea, Vietnam, and Malaysia. They intend to expand their marketing to customers in North America and Europe.

The Company has made a commitment to continue investment in Research and Development. Their corporate plan is to build China’s first modern energy-recovery system research and fabrication facility. This is to allow them to meet the increased demand for their goods and services. China Energy Recovery Inc.’s mission is to expand their technology so they can provide solutions for other inefficient energy intensive industrial processes.

In December, China Energy Recovery announced that they established a new subsidiary, CER Energy Recovery (Shanghai) Co. Ltd. This is one of their initiatives to expand their operations to meet the market demands from China and internationally. CER Energy Recovery (Shanghai) will serve as the Research and Development center of CER in China. It will reside in Shanghai Zhangjiang Hi-tech Park.

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China Energy Recovery Inc. (CGYV.OB) Signs Waste-to-Energy Plant Pact, Reports Solid Backlog of Orders for 2009

November 18, 2008

Difficult economic times often make for strange bedfellows. Environmentalists, long labeled as “fanatics,” are now finding favor as the corporate world discovers environmental efficiencies in manufacturing can actually lead to a better bottom line and cost savings. In past years, when profits were flowing nicely, there was little need to look for new ways of doing business, Now, as the world economy slows to a crawl, companies are searching for any savings they might find. Locating a company that can help in this regard is a solid thought for profit opportunity, making the leap to an environmentalist point of view is the only hurdle.

China Energy Recovery Inc., a waste to energy plant designer and builder, works to design waste to heat energy recovery systems. In most instances, the company partners with construction companies to build out the facilities it designs.

The company has been very well received by industrial manufacturers seeking to meet environmental regulations while recovering lost energy from the manufacturing process. The company’s latest project, a straw pulp alkali recovery system to be located in China, will generate 12 megawatts of electricity for a paper making facility and may be be one of the world’s largest.

Although the company has a general direction of servicing the Chinese waste to energy marketplace, it has found solid support from customers located in Egypt, Turkey, Viet Nam and Korea. Additionally, support and funding of the company’s China project by the Asian Development Bank bodes well for the company’s ability to meet stringent standards set by the lending agency.

It is, perhaps, this point that makes China Energy Recovery an attractive investment opportunity in a world economy struggling to find lending capital and a solid footing. Environmental investments through government mandated dictums won’t let up as a result of a poor world economy and find favor from world banking agencies with an eye toward the future rather than the present. Add in inherent cost savings from environmental efficiencies and the company appears to have a solid base to work from when selling to new customers.

The company reports, through the 2009 period, it has a solid backlog of projects valued at $19 million with expectations of that figure rising. The need for cost savings in a time of poor growth is simply too great a need to ignore and companies are willing to spend for them. As much as the corporate world enjoys regulating environmental lobbyist to the back burner, it does appear that the efficiencies involved in their environmental statements are now being born out in a time of financial uncertainty. China Energy Recovery appears to be lined up to benefit greatly by this happening and positioned to profit nicely.

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New Products and Contracts Generate Positive Q3 Results for China Energy Recovery Inc. (CGYV.OB)

November 17, 2008

China Energy Recovery Inc. (OTCBB: CGYV) engages in energy recovery systems with a focus on the Chinese market. The company captures industrial waste energy and uses it to generate low-cost electrical power, enabling companies to lower energy costs and reduce their carbon footprint. China Energy today announced its financial results for the nine months and third fiscal quarter ended September 30, 2008.

“We announced last quarter that our company has been producing new products at an accelerated rate, and we’re pleased to see that at this point in time China Energy Recovery is setting historical records for that growth,” China Energy CEO Qinghuan Wu stated in the press release.

For the three-month period the company posted revenue increase of 56.7 percent to $6.1 million, as compared to $3.9 million reported in the same period of 2007. Gross profit rose to $1.6 million from $0.1 million, an astounding 1,099.4 percent increase, fueled by contracts with higher margins. Net income for the quarter rose to $0.2 million, as compared to a net loss of $0.1 million for the same period in 2007; the company attributes this to new contracts and improved operations.

For the nine months ended September 30, 2008, revenue rose 112 percent to $16.0 million, up from $7.5 million for the same nine months of 2007. Gross profit increased by 411.4 percent to $3.5 million, as compared with gross profit of $0.7 million for the same period in 2007. Net income increased to $0.8 million, as compared to a net loss of $0.2 million for the same period in 2007.

Wu said the company’s financial results reflect several new contracts and increased market demand, and that the company anticipates continued growth through next year.

“With contracts continuing to come in including some of our biggest systems to date, and with clients who represent some of the largest manufacturers in their industries, we expect that we’ll continue on this trajectory of growth and expansion into 2009 and beyond,” Wu stated.

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China Energy Recovery (OTC BB: CGYV)

November 3, 2008

China Energy Recovery (OTC BB: CGYV), an international leader in designing, fabricating, implementing and servicing energy recovery systems, utilizes industrial waste energy to create low-cost electrical power. The company’s industrial waste recycling systems are effective at reducing sulfur dioxide emissions, and allow industrial manufacturers to reduce their energy costs, decrease their emissions footprint, and generate sellable emissions credits. For further information, visit the Company’s web site at www.chinaenergyrecovery.com.

China Energy Recovery, Inc. (CGYV.OB) Announces Completion of Heat Recovery System for Zhuji Paper Mill

October 14, 2008

Heat energy recovery is a “green” technology. Industrial facilities and power plants 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 electricity, dramatically lowering energy costs. Energy recovery systems are also capable of capturing the majority of carbon emissions and other harmful pollutants that would otherwise be released into the environment. It is estimated that energy recovery systems installed in U.S. industrial facilities could produce up to 20% of U.S. electricity needs without burning any additional fossil fuel, and could help many industries to meet stringent environmental regulations.

China Energy Recovery not only helps the environment, but also helps each company become compliant to the new and more stringent environmental laws. Their latest project is the completion of a new Alkali Recovery Boiler System for Zhuji Paper Mill of Guangdong Shaoneng Group in Shaoguan in Guangdong, China. In the paper production business, pollution has been a consistent problem worldwide. Residual black liquor generated from the pulp making process is toxic to the environment. Paper mills in the United States such as in Maine have permanently shut down due to the pollution problem.

China Energy Recovery was able to design and build a recovery boiler system capable of processing 160 tons of black liquor per day. It can also generate 20-25 tons of steam per hour. This is equivalent to nearly 2MW of heat energy generation capacity and will help reduce the cost of purchasing steam from outside vendors. Additionally, the alkali recovered can be reused in the pulp making process, thus further reducing material costs.

Chemical, petro-chemicals, refining (including Ethanol refining), coke processing, and the manufacture of paper, cement and steel can all benefit from China Energy Recovery’s products. As America finds new ways to generate alternative energy while transforming pollution into usable materials, China Energy Recovery is there to capture that market share.

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China Energy Recovery, Inc. (CGYV.OB) Announces Significant Growth over Last Year

October 6, 2008

While many companies are experiencing a slowdown in revenue growth, China Energy Recovery has seen its total contract value for the first nine months of this year rise to RMB 130 million, which is the equivalent of approximately USD $19 million. This figure is nearly a $3-million increase over the entire year of 2007.

Chairman and CEO Mr. Qinghuan Wu stated, “We’re very pleased to see the significant growth CER has enjoyed through the first three quarters of 2008, and are looking forward to what looks to be shaping up to be a robust fourth quarter. Our systems are now operating in facilities reaching from Korea to Egypt, from Vietnam to Pakistanand throughout China. New systems will soon be operating in Malaysia, Turkey and as far away as Papua New Guinea.”

He continued, “We’re very pleased with the growth in both our domestic and foreign sales and look forward to expanding those efforts as we look to further develop all of our markets in 2009 and beyond.”

China Energy Recovery is focused on designing, fabricating, implementing and servicing energy recovery systems. The company’s technology is uniquely designed to capture industrial waste energy to produce inexpensive electrical power, allowing industrial manufactures to decrease energy costs while shrinking their emissions footprint and generating sellable emissions credits. As of today, the company has implemented more than one hundred energy recovery systems around the globe.

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China Energy Recovery, Inc. (CGYV.OB): Bringing Greater Efficiency to Chinese Coal Plants

September 23, 2008

During this time of turmoil, there is a great reluctance overtaking many investors, and it can be difficult to draw a positive outlook from the many piles of battered companies. Thankfully, there are always companies like China Energy Recovery (“CER”), whose keen business will be needed and desired no matter what the market conditions present.

CER is a Chinese corporation with a progressive technology that strengthens the efficiency of traditional power plants. Electricity is often produced by burning coal to produce steam, which in turn powers a turbine. The problem created by this process is a loss of up to two-thirds of the resulting heat energy, which is what you see billowing from a coal plant’s smokestacks.

CER provides a system which converts this otherwise squandered heat into more power for the plant, effectively reducing the amount of coal needed to carry on the process and reducing heat waste to a much more desirable 10 percent.

Recent government mandates in the People’s Republic of China are requiring greater efficiency levels, as well as a reduced output of harmful pollutants. Many coal-fired plants have already been shut down for failing to comply with these new standards. These, of course, are facilities that were not implementing CER’s cutting-edge efficiency system.

Perhaps the best part of the CER system is that it pays for itself, often in less than 18 months, by way of the huge fuel savings that it provides. An investment highlight of the company is the positive trend in its yearly profits. In 2006, the company recorded $5.5 million in sales. 2007 saw that number increased more than 100% to $11.8 million. For this year, the figures are expected to double yet again, with estimates putting the projected number at $26 million. One must give credit to a company whose business is doubling on an annual basis. China Energy Recovery, Inc. is most certainly an earth-friendly corporation that deserves attention.

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China Energy Recovery Inc. (CGYV.OB) Names Seasoned CTO to Enhance Company Growth

September 11, 2008

China Energy Recovery Inc. (OTCBB: CGYV) (CER) is an international leader in energy recovery systems with a primary focus on the Chinese market. The company’s technology has the ability to capture industrial-waste energy to produce low-cost electrical power. Not only does this reap benefits for the environment, but offers industrial manufacturers an opportunity to cut energy costs and generate sellable emissions credits.

To fulfill its business strategies, and growth and operations, the company has taken steps to ensure it is supported by an experienced management team. CER today announced James Zhao will join its team as the chief technology officer of Shanghai Hai Lu Kun Lun Hi-tech Engineering Co. Ltd., an operating affiliate of CER.

“We’re very proud to have James Zhao join our management team at such a critical time in the company’s growth,” Qinghuan Wu, CEO and chairman of CER stated in the press release. “James has worked with our company for many years with installations in facilities all over China, and he’s very familiar with our system technology.”

Zhao previously served as national sales manager for Ashland (China) Company Ltd., a leading U.S. specialty chemical company where he grew the performance materials business more than 600 percent. He also worked as sales manager for Monsanto EnvironChem (MECS Inc.), a U.S. company specializing in sulfuric acid manufacturing and equipment sales, where he sold several large recovery and power generation projects.

“In his previous positions he has worked with us closely and has been instrumental and witnessed many of the advancements we’ve made as a company and in our systems. We’re very fortunate that he’ll now be working with us in such a critical role to help us continue to improve our technology and grow our company,” Wu stated.

Zhao holds an MBA from Washington University in the U.S. and his Bachelor of Science in fine chemical from the East China University of Chemical and Technology.

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China Energy Recovery Inc. (CGYV.OB) to Present Energy Recovery System at Beijing Conference

September 9, 2008

China Energy Recovery Inc. (OTCBB: CGYV) focuses on energy recovery systems. Though operating in the Chinese energy-recovery market, the company realizes the effect industrial facilities around the world have on the atmosphere. China Energy Recovery’s technology captures industrial-waste energy and converts it into low-cost electrical power. This not only clears the air, but allows industrial manufacturers to reduce energy costs and generate sellable emissions credits.

It is estimated that energy recovery systems installed in the United States could produce up to 20 percent of the nation’s energy needs without burning additional fossil fuel. To highlight its recovery systems and solutions for such problems, the company today announced it will present at the SIG Second Annual Beijing Management Summit, September 10 – 12, 2008, at the Grand Hyatt Hotel in Beijing, China.

“We are very fortunate to have such a highly qualified addition to our team in James Zhao, and we’re pleased that he’ll be able to represent China Energy Recovery at such a prestigious conference,” Qinghuan Wu, the CEO of China Energy Recovery, stated in the press release.

James Zhao, who is joining China Energy Recovery to serve as CTO of Shanghai Hai Lu Kun Lun Hi-tech Engineering Co. Ltd., an operating affiliate of CER, will present at the conference along with CEO Wu. The executives will be available to answer questions and have one-on-one meetings with investors and analysts at the conference.

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