China Recycling Energy Corporation, an industrial waste-to-energy solution provider, has won a contract to recycle waste gas and waste heat for China Zhonggang Binhai Enterprise in Cangzhou City, Hebei Province.
According to the contract, CREG will install a 7-Megawatt capacity electricity-generation system for Zhonggang Binhai, a nickel-iron manufacturing joint venture between China Zhonggang Group and Baosteel Group. The system will be an integral part of the facilities designed to produce 80,000 tons of nickel-iron per year. Construction is expected to be completed by July 2009.
Guangyu Wu, CEO of CREG, said that they were excited that Zhonggang Binhai has chosen CREG to build the energy-recycling system for them. He added that this system can help Zhonggang Binhai reduce CO2 emissions by more than 20,000 tons a year.
China Recycling Energy Corporation is based in Xi'an and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants. Byproducts include heat, steam, pressure, and exhaust products which generate large amounts of low-cost electricity and reduce the need for power from outside sources.
