June 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Energy Recovery, Inc. (OTC: CGYV), a Chinese firm that designs, manufactures and installs waste heat energy recovery systems, said it has entered into two separate agreements to install large-scale waste heat recovery systems for Chinese chemical producers Jiangsu Suhua Group Co., Ltd. and Hubei Dayukou Chemical Co., Ltd.

According to the company, each is a new customer and, together, the agreements represent an approximate total of $7.5 million.

Jiangsu Suhua Group, one of China's larger chemical manufacturing enterprises, produces a range of basic chemicals, polymers, pesticides and pesticide intermediates.

Under the contract, CER will install a waste heat recovery system into the company's existing production facility. The CER system will have a design capacity of 22.2 metric tons of saturated steam per hour at 10.0 Barg. Installation is scheduled to be completed in the second quarter of 2011.

The CER system for Hubei Dayukou Chemical, one of the largest producers of agricultural chemical products in central and southern China, is for a new production plant. Design capacity is 50.9 tons of saturated steam per hour at 8.0 Barg. Construction is to be completed by July of 2011.

China-based China Energy Recovery specializes in the design, construction and installation of waste heat energy recovery systems that provide industrial facilities with greater operating energy efficiency. The company's primary focus is the Chinese market.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [altrntvtnr] [nrgyygrn] [flflflflfl] [grrnnwsnr] [chnchn] [nwdlsldw] [ftrdnwswnd]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.