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China Energy Recovery wins US$4.47 mln sulfuric acid plant order

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China Energy Recovery Inc (OTCBB: CGYV) said it won a new engineering, procurement and construction contract to build a sulfuric acid plant with built-in waste heat recovery system for Tianjin Qinfa Chemical a subsidiary of Tianjin Bohai Chemical Group. Total contract value amounts to approximately US$4.47 million.

The new plant is 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.

Part of the steam will be used to generate electricity, with a 3 MegaWatt generation capacity, and the rest will be utilized directly. The utilization of the remaining steam can be translated into roughly another 2.8MW worth of power generation capacity.

This EPC project will enable Qinfa to execute its strategy to expand its production capacity while improving energy efficiency, thus reducing energy costs, and meeting environmental requirements. It is expected to be completed around next May.

Quick facts: China Energy Recovery, Inc.

Price: 0.009 USD

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Market Cap: $279.47 k
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