CER wins Wuxi Zhenyu waste heat recovery deal

China Energy Recovery won a contract to design and manufacture a waste heat recovery system for the Wuxi Zhenyu Chemical. The 300,000 ton annual capacity sulfuric acid plant is a joint venture between Marubeni, a Japanese Fortune Global 500 company, and Wuxi Sulfuric Acid, a leading sulfuric acid producer in Jiangsu Province. The contract value amounts to RMB4.98 million or approximately US$0.73 million.

The waste heat recovery system for Wuxi Zhenyu Chemical is designed to generate 45 tons of high-quality steam per hour. Once connected to the turbines, the system will help produce approximately 24 million kwh electricity annually and much of the electricity generated will be sold to the grid, thus enabling the client to significantly reduce its energy costs. This project is estimated to achieve an annual saving of roughly 21,600 tons of coal and consequently the reduction of roughly 57,500 tons of carbon dioxide emission from the burning of that coal each year.

The contract value presented above includes a 17 percent value added tax and a 10 percent retainage for product warranty purpose.

"We are very pleased that as a long-term valued customer, Wuxi Zhenyu Chemical engaged us to supply the waste heat recovery system for them for the fourth time," commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery.