Two Lions Plant Marks 3 Years of Waste Heat Energy Recovery
China Energy Recovery, Inc., a leader in the waste-heat energy recovery sector of the alternative energy industry, on Sept. 26 recognized that
Two Lions (Zhangjiagang) Fine Chemical Co., Ltd., located in Jiangsu Yangtze River International Chemical Industry Park, remains a model of waste heat recovery technology application with installed power generation capacity of 54 megawatts of electricity using recovered heat energy, according to a Sept. 26 press release from China Energy Recovery Inc.
The Two Lions plant is the largest of its kind in the sulfuric acid industry in China.
When construction was completed in 2005, the plant was considered the most technologically advanced sulfuric acid production facility in the world, and its one million ton per year output capacity continues to make it China's largest single sulfuric acid manufacturing facility. Two Lions has been able to attain a payback period of less than two years for the installed energy recovery system from energy cost savings resulting from the system. Additionally, Two Lions was granted Clean Development Mechanism certification and was approved to sell carbon credits for nearly 250,000 tons of reduced carbon dioxide emissions annually, the very first certification in China's sulfuric acid industry. The current value of the carbon credits is estimated to be more than US$2.5 million per year.
China Energy Recovery Chair and Chief Executive Officer Qinghuan Wu said: "We are very proud of the success of Two Lions and appreciate that they returned to us for additional projects. With customers like Two Lions to recognize the benefits of waste heat recovery technology, we are more committed than ever to making sure our systems continue to improve."
Industrial facilities and power plants release significant amounts of excess heat into the atmosphere in the form of hot exhaust gases or high-pressure steam. Energy recovery is the process of recovering vast amounts of that wasted energy and converting it into usable electricity, dramatically lowering energy costs.
China Energy Recovery is an international leader in energy recovery systems, with a primary focus on the Chinese market.