June 25, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — LianDi Clean Technology Inc. (OTCBB: LNDT), a provider of equipment, engineering services and software to Chinese petroleum and petrochemical firms, said that it plans to purchase a 16.5 acre land parcel in the Tianjin Port industry area for around $5.9 million.

The company plans to use the land to construct a new manufacturing facility for its enclosed delayed coking unheading units. The acquisition is scheduled to close within the next 60 days.

LianDi is engaged in modernizing delayed coking in China's oil refining industry and plans to install enclosed unheading units in China in the first quarter of 2011.

Delayed coking is a thermal process that breaks heavy crude oil into lighter, more valuable fluids which are captured, while a solid coal-like byproduct called "coke" remains in the drum.

Unheading units are used in delayed coking to "unhead" or open the coke drum for the removal of the residual coke. Due to the extreme temperatures required in the process, unheading can be one of the most hazardous refinery operations. Despite the related hazards, delayed coking is the preferred solution for refining inferior domestic and imported crude oil.

LianDi, in conjunction with DeltaValve, has developed a more environmentally friendly, safe and maintenance free enclosed coke-drum unheading system for the Chinese marketplace.

Tianjin Port industry area is one of nine major function areas of Binhai New Area, a special economic development zone within the jurisdiction of Tianjin municipality in China.

China-based LianDi was established in July 2004 to serve the largest Chinese petroleum and petrochemical companies. Through its four operating subsidiaries, the company distributes a range of customized valves and equipment and provides associated value-added technical and integration service.

The company also develops and markets proprietary optimization software for the polymerization process. In addition, LianDi is focused on the clean technology market for oil refineries.

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