China Energy Recovery announced today that it signed a contract with Beijing Guodian Longyuan Environmental Engineering Co., Ltd to design, manufacture and install a HRS system of acid making for an organic amine flue gas desulfurization project located in Guizhou province. The contract is valued at $9.9 million. The system, which is scheduled to be completed in second quarter of 2012, will be capable of producing 17.8 tons of steam-per-hour and 43.75 tons of sulfuric acid-per-hour.
"We are glad to see more and more new customers choosing CER to build and install a heat recovery system. Beijing Guodian is a pioneer which goes into pollution control of electric environment. CER is looking forward to having much more cooperation with this kind of company on the electric field."
Revenue growth in the second quarter and first half of the year reflects our marketing efforts and new manufacturing facility and, in particular, one significant EPC contract. In the first half of 2011, with our new manufacturing facility in operation and our ability to perform more EPC contracts, we saw improvements in our revenues and gross profits. For the second half of 2011, based on our current contracts and production schedule, we anticipate positive results in line with the first half of the year.
China Energy Recovery announced today that it signed a contract with Yichang Western Chemical Co. to design, manufacture and install a waste heat recovery system for a new sulfuric acid project located in Hubei province. The contract is valued at $4.56 million. The system, which is scheduled to be completed in April 20th 2012, will be capable of producing 499 tons of steam-per-day at 171°C and 0.7 MPa. In addition, CER recently has got several single boiler orders, which amount is $3.31 million. These contracts will be completed within 2011. "CER is excited to be working with Yichang Western Chemical to build and install a waste heat recovery system. And we are glad to have these product orders which means more and more customers choose CER. That is important for CER to move forward."