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China Recycling Energy Corp. Announces
Strategic Partnership with China Aviation Gas Turbine Co., Ltd.
Sep 27, 2008
XI'AN, China, --China RecyclingEnergy Corp.
(OTC Bulletin Board: CREG) ("CREG" or "the Company"), a leading
industrial waste-to-energy solution provider in China,
todayannounced it has signed a strategic partnership agreement with
China Aviation Gas Turbine Co., Ltd. ("CAGT") for technological
research andequipment manufacturing related to electric power
generation using waste gas at steel mills and coking factories in
China.
According to the contract, CREG will collaborate with CAGT, one
ofChina's leading aeronautical power technology firms, to develop
technologies and equipment for blast furnace top-gas recovery
turbines andcombined cycle power plants, which are systems that
generate electricity byburning waste gas emitted during the
iron-and-steel-making process.
"We are honored to be a strategic partner of China Aviation
GasTurbine," said Mr. Guangyu Wu, CEO of CREG. "With our experience
in industrial waste- to-energy, CAGT's space technology can further
help uspenetrate our marketplace and expand our competitive
advantages."
About China Aviation Gas Turbine Co., Ltd.
China Aviation Gas Turbine Co., Ltd. ("CAGT") was created by China
Aviation Investment Co., Ltd., Shenyang Liming Aero-Engine (Group)
Corporation Ltd., Xi'an Aero-Engine (Group) Ltd., and 10 other
aerospacetechnology and investment entities in December 2002. Based
in Shenyang
City, the capital of Liaoning Province in Northeast China, CAGT
seeks tomeet the market demands of electric power generation with
advanced gas
turbines developed using proprietary aeronautical power technology.
Its main businesses include: 1) Gas Turbine Packages; 2) Gas
TurbineDriving Power Engineering Services; and 3) Machinery &
Electronic
Equipment. CAGT's main customers are in aerospace, petrochemical,
railroad,nuclear power, metallurgy and coking industries.
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