NOVEMBER 2008

China Recycling signs gas contract

China Recycling Energy Corp. (CREG), an industrial waste-to-energy provider in China, has won a contract to recycle waste gas and waste heat for China Zhonggang Binhai Enterprise Ltd. in Cangzhou City, Hebei Province.

According to the contract, CREG will install a seven megawatt capacity electricity-generation system for Zhonggang Binhai, a nickel-iron manufacturing joint venture between China Zhonggang Group and Baosteel Group. The system will be an integral part of the facilities designed to produce 80,000 tons of nickel-iron per year. Construction is expected to be completed by July 2009.