China Energy Recovery
China Energy Recovery is an international leader in designing, manufacturing and installing waste heat energy recovery systems which provide facilities with greater energy efficiency. The company's primary focus is on the Chinese market.
Related news
- China Energy Recovery completes US$1.42m contract for Hubei Yangfeng Group
2009-10-14 - China Energy Recovery names Estelle Lau independent director
2009-10-07 - China Energy Recovery wins heat receovery system contract from Hubei Sanning
2009-09-24 - China Energy Recovery wins US$4.47m sulfuric acid plant order in Tianjin
2009-09-09 - China Energy Recovery agrees major terms for site of new manufacturing plant
2009-08-27 - China Energy Recovery files new heat recovery patent
2009-08-19 - China Energy Recovery back on track with Q2 results
2009-08-14 - China Energy Recovery wins US$0.73m heat recovery deal in Wuxi
2009-07-15 - China Energy Recovery exports first biomass boiler
2009-07-08 - China Energy Recovery Appoints Forth Independent Director
2009-07-01 - China Energy Recovery completes 30 MegaWatt system design for Sinochem
2009-06-24 - China Energy Recovery completes US$0.48 mln waste heat recovery system
2009-06-10 - China Energy Recovery issues two year $5 million convertible loan note
2009-05-28 - China Energy Recovery sees second quarter results much improved
2009-05-19 - Making Chinese industry more efficient
2009-05-16 - China Energy Recovery completes US$4.85 mln order for waste heat recovery systems
2009-05-06 - China Energy Recovery announces record backlog orders for 2009
2009-04-29 - China Energy Recovery wins further heat recovery system deal
2009-04-23 - China Energy Recovery wins US$1.42 mln systems deal
2009-04-08
Company Statement
China Energy Recovery (CER), headquartered in Shanghai, is an international leader in designing, fabricating, implementing and servicing energy recovery systems. CER's technology captures industrial waste energy to produce low cost electrical power, which enables industrial manufacturers to reduce their energy costs, shrink their emissions footprint, and generate sellable emissions credits. CER's systems are effective at reducing sulfur dioxide emissions, which are a leading cause of acid rain. CER has successfully installed over one hundred energy recovery systems both in China and internationally.
CER's vision is to become the international leader in energy recovery systems by providing a low cost, environmentally friendly energy solution to manufacturing, reefing and power generation companies. The Company is committed to investing the resources necessary to develop leading-edge technologies that reduce harmful emissions and enable its customers to realize increased margins and a reduced energy footprint. CER is dedicated to exceeding the expectations of its customers.
Current Operations
Energy Recovery Systems
Modern industrial processes utilize large quantities of fuel and electricity that produce heat as a byproduct of the manufacturing or refining process. The vast majority of this heat is released into the atmosphere despite having economic value. CER's technology enables manufacturers to recover this otherwise lost energy and reuse it to generate electrical power.
CER's energy recovery systems save fuel and energy costs by producing as much as three times the useable energy from the same fuel, allowing users to slash energy expenditures by up to two-thirds. Additionally, these systems capture industrial emissions, significantly reducing combustible wastes such as carbon monoxide gas, sour gas, carbon black off gases and other harmful emissions. Secondary benefits of energy recovery systems include the ability to sell carbon credits; reduction of flue gas and equipment sizes of all flue gas handling equipment such as fans, stacks, ducts, and burners; and a reduction in auxiliary energy consumption.
China Overview
CER is primarily focused on providing solutions to China's vast industrial base and power generation industry. China is currently the world's second largest consumer of energy. With demand likely to double in the next five years, China will soon pass up the U.S. to become the world's largest consumer of energy.
Electrical power shortages and intolerable levels of pollution have resulted in mounting domestic and international pressures to initiate policies that will support the domestic production of clean energy. As a result, Chinese production of renewable energy is rapidly expanding and economically feasible technologies are in extremely high demand.
China's industrial sector is responsible for the consumption of over 70% of the country's energy. CER's recovery systems will enable industrial facilities to meet between 50% and 80% of their energy needs. The Company will establish itself as the leader in China's energy recovery systems industry through its contribution to major industrial manufacturers throughout China.
Global Overview
CER's technology is already deployed in numerous countries around the world, and the Company works with a number of major multinational firms. The Company plans to continue to grow its international presence to meet the demand for clean, low cost alternative sources of energy.
CER will capitalize on changing environmental regulations and increasing demand for clean energy alternatives in Europe, the United States, and the rest of the world. Energy recovery is playing an increasing role in the global power generation landscape as the focus continues to shift towards emissions and fuel cost reductions.
Solution
CER develops highly-customized energy recovery systems that are designed to efficiently integrate into customers' manufacturing processes. The Company's systems can capture and reuse over 90 percent of the energy that would otherwise be lost, resulting in substantial improvements in energy efficiency and a reduction in energy expenditures. For a minimal investment, CER's technology enables manufacturers to shield themselves from rising energy costs and power supply constraints.
CER's technology delivers several key benefits:
• Reduction in energy consumption and overall energy costs
• Reduction of greenhouse gases and other harmful emissions
• Attractive and quick return on invested capital
CER's experienced engineering team and sophisticated production facilities enable the Company to deliver consistently high quality products and offer a complete solution from technical design, through fabrication to the final installation. With its significant experience, CER's engineering team has the knowledge and capability to deploy very complicated and large scale systems globally.
The Company has continued to make substantial gains in energy efficiency and is investing heavily in R&D to enhance the efficiency and range of its technology. CER employs over 150 highly experienced, specialized engineers that allow the Company to produce the largest and most complex systems in its industry.
Current Projects
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For further information on our projects please CLICK HERE
Management
Directors
Roger Ballentine
Director and Chairman of the Compensation Committee
Mr. Roger Ballentine is the President of Green Strategies Inc., a consulting company that assists clients in the energy and environmental arena with domestic and international public policy matters, investment guidance in the "clean tech" marketplace, marketing and business development strategies, a position that he has held since February, 2001. Prior to holding these positions, from June 1999 to January 2001, Mr. Ballentine served under President Clinton as Chairman of the White House Climate Change Task Force and as Deputy Assistant to the President for Environmental Initiatives. Prior to being named Deputy Assistant to the President, from January 1998 to June 1999, Mr. Ballentine was Special Assistant to the President for Legislative Affairs, where he focused on energy and environmental issues. Mr. Ballentine is a founding Board Member of the American Council on Renewable Energy and serves on the Board of Directors of the Biomass Energy Resource Center and the International Fund for China's Environment.
Mr. Fred Krupica
Director
Mr. Fred Krupica brings more than 30 years of experience at several high-growth corporations, currently serving as CFO of LegalZoom.com, America's leading online legal document and filing service. Mr. Krupica previously served as CFO of Altra Inc., a leading biofuels company where he was instrumental in the start-up, development and significant debt and equity capital raising to fund its multi-state manufacturing operations. Prior to Altra, he was CFO for Fastclick Inc., (NASDAQ:FSTC) an internet advertising technology company, where he led the company's IPO and subsequent sale and merger to Valueclick Inc. (NASDAQ:VCLK). Fred's previous positions include CFO at WJ Communications (NASDAQ:WJCI), CFO for Magnetic Data Technologies, CFO and Chief Operating Officer for a private equity firm, and founder of a professional services firm. Krupica also served in various senior financial management positions at Atlantic Richfield, Pullman Inc. and PricewaterhouseCoopers.
Ms. Mengjiao Jiang
Director
Ms. Mengjiao Jiang is a Managing Director of ARC Investment Partners, where she is responsible for overseeing the Shanghai, China office. Prior to ARC, Ms. Jiang was an Associate Director at Business Development Asia, a cross border M&A firm, where she executed numerous Joint Venture, Acquisition and Divestiture transactions in the chemical, fast-moving consumer goods, and manufacturing sectors in Asia, focusing on China. Previously, Ms. Jiang worked as an Analyst at UBS Investment Bank in New York, where she worked on origination and execution of M&A, IPO, Debt and Equity issuances. Ms. Jiang holds Bachelor of Arts degrees in Political Science and Economics from Wellesley College in Massachusetts.
Mr. Chen Qi
Director
Mr. Qi joined CER in 1997 and has been a part of the design, engineering, and sales departments before becoming GM in May 2007. Prior to his work at CER, Mr. Qi worked as a trader for Xiamen Trading and Development Co.
Mr. Wu Qinghan
Chief Executive Officer and Chairman of the Board
Mr. Wu has devoted his entire career to the design and production of energy recovery systems. Mr Wu founded CER in 1995. He 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.
Management
Mr. Chen Qi
General Manager
Mr. Qi joined CER in 1997 and has been a part of the design, engineering, and sales departments before becoming GM in May 2007. Prior to his work at CER, Mr. Qi worked as a trader for Xiamen Trading and Development Co.
Richard Liu
Chief Financial Officer
Mr. Liu served as a senior financial executive for numerous private and public U.S. and Chinese companies, where he has managed over 6 private and public equity financings. He previously worked with Arthur Andersen, LLP, and earned his CPA license. Mr. Liu has an MBA from The Andersen Graduate School of Management at UCLA and is a cum laude graduate of Shanghai Jiao Tong University.
Mr. Jie (James) Zhao
CTO
Before joining China Energy Recovery, from October 2005, Mr. James Zhao was the National Sales Manager for Ashland (China) Company Ltd., a leading US specialty chemical company. In this role, Mr. Zhao was responsible for the Sales & Marketing for the unsaturated resin in China as well as the daily operation of the Performance Material Division. During this time, Ashland Performance Material business in China grew from USD12m to USD80m. From May 1990 to October 2005, Mr. Zhao worked as Sales Manager for Monsanto (China), a leading US chemical company specializing in sulfuric acid processes. Mr. Zhao successfully sold several projects including the Zhangjianggang 3,000mtpd sulfuric acid plant with heat recovery system. Mr. Zhao obtained his Master's degree in Business Administration from Washington University in STL in 2004, and his Bachelor of Science Degree in Fine Chemical from the East China University of Chemical and Technology in 1987.
Contact Information
Corporate Office
Shanghai Haie Hi Tech Engineering Co., Ltd.
7F, De Yang Garden,
No. 267 Qu Yang Road,
Hongkou District, Shanghai,
Shanghai, China 200081
Corporate Information
For Investor Relations enquiries:
PR Financial Marketing, LLC
713-256-0369
Jim Blackman, President
jim@prfmonline.com
