DALIAN, China, Sept. 21 /PRNewswire-Asia/ -- China Industrial Waste
Management, Inc. (OTC Bulletin Board: CIWT) ("China Industrial Waste
Management" or the "Company"), a leading environmental services and solutions
provider in China, today announced that its Dongtai Organic sewage sludge
treatment facility in Dalian, Liaoning Province, which utilizes anaerobic
fermentation to generate clean energy methane gas, was voted "Best Sewage
Sludge Process Application of China" at the 2nd Water Specialist Conference
which was held in Shanghai on August 31, 2010.
The conference was hosted by ChinaWater.net, the Shanghai Municipal
Engineering Design General Institute, and the China Association for Science
and Technology. The conference participants evaluated nearly 80 cases based
on the following six criteria: (i) length of operation; (ii) compliance with
technical standards; (iii) energy efficiency; (iv) economic viability; (v)
maintenance and management; and (vi) industry reputation.
"We are very pleased to receive this honor in recognition of our Dongtai
Organic sludge treatment facility," stated Mr. Jason Dong, Chief Executive
Officer. "We opened this state-of-the-art facility earlier this year and
believe it will serve as a model for other facilities of its kind in China as
the government and industry increasingly recognize the need for sewage sludge
treatment and environmental sustainability.
"There are over 2,000 sewage treatment plants in China, but not many
sludge treatment facilities. Eighty percent of the sludge generated in China
has not received proper processing before being discarded and can cause
serious pollution. In the PRC's 12th Five-Year Plan, which covers the period
of 2011 to 2015, the central government has stated it will invest RMB 500
billion (approximately $74 billion) in solid waste processing, of which RMB
100 billion (approximately $15 billion) will be invested in sewage sludge
treatment.
"We believe the anaerobic fermentation sewage sludge treatment process
used in our Dalian facility is among the most advanced sludge treatment
technologies in the world. Land filling, which is currently the most popular
sewage sludge treatment method in China, cannot effectively remove pollutants
in sludge and causes secondary pollution, such as contamination of water and
soil. Other methods, such as incineration, have higher operational costs
which cannot be covered by the revenue generated from electricity generation
and depend heavily on government subsidies. On the other hand, our anaerobic
fermentation sewage sludge treatment process is not only effective, but also
economically viable on a stand-alone basis. Our Dongtai Organic sewage sludge
treatment facility collects fees for the sludge we process and generates
additional revenue from the sale of methane gas that is generated by the
anaerobic fermentation process. According to our calculations, we estimate
that if anaerobic fermentation were used to treat all of the 30,000 tons of
sewage sludge generated by China this year, it would generate approximately
2.5 billion cubic meters of methane gas per year, which is considered a clean
energy, or approximately 4 billion kilowatts per year of electricity and would
reduce carbon emissions by approximately 15 million tons per year.
"China has not established national technical standards and industry
regulations and industry experts have held conflicting opinions on the various
treatment methods available. This lack of consensus has made it difficult to
promote the sewage sludge treatment technology we utilize on a nationwide
basis. By winning the 'Best Sewage Sludge Process Application of China' award
we are confident that our company and the anaerobic fermentation technology
that we utilize for sewage sludge treatment will be increasingly recognized
throughout the country and will enable us to replicate our successful project
in Dalian and other areas of China."
About China Water
China Water ( http://chinawater.net ), founded in May 2000, is the most
prominent online media and event organizer in China's water sector. China
Water covers industry developments and events and serves as an important
source of information on China's water sector.
The China Association for Science and Technology
The China Association for Science and Technology is the largest national
non-governmental organization of scientific and technology workers in China.
Through its member societies - nearly 200 in number - and local branches all
over the country, the organization maintains close ties with millions of
Chinese scientists, engineers and other professionals working in the fields of
science and technology.
About China Industrial Waste Management
China Industrial Waste Management, Inc. is engaged in the collection,
treatment, disposal and recycling of industrial wastes principally in Dalian
and surrounding areas in Liaoning Province, People's Republic of China through
its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd.
("Dalian Dongtai") and other indirect subsidiaries. Dalian Dongtai treats,
disposes of and/or recycles many types of industrial wastes, and recycled
waste products used by customers as raw material to produce chemical and
metallurgy products. In addition, Dalian Dongtai treats or disposes of
industrial waste through incineration, burial or water treatment, and provides
environmental protection services, technology consultation, pollution
treatment services, waste management design processing services, waste
disposal solutions, waste transportation services, onsite waste management
services, and environmental pollution remediation services. For more
information, please visit the Company's website ( http://www.chinaciwt.com ).
Cautionary Statement Regarding Forward-Looking Information
This release may include "forward-looking statements." You can identify
these statements by the fact that they do not relate strictly to historical or
current facts. These statements contain such words as "may," "project,"
"might," "expect," "believe," "anticipate," "intend," "could," "would,"
"estimate," or the negative or other variations thereof or comparable
terminology. These forward-looking statements are based on current
expectations and projections about future events. Investors are cautioned that
forward-looking statements are not guarantees of future performance or results
and involve risks and uncertainties that cannot be predicted or quantified and,
consequently, our actual performance may differ materially from those
expressed or implied by such forward-looking statements. Such risks and
uncertainties include, but are not limited to, the following factors, as well
as other factors described from time to time in our reports filed with the
Securities and Exchange Commission: the timing and magnitude of technological
advances; the prospects for future acquisitions; the effects of political,
economic and social uncertainties regarding the governmental, economic and
political circumstances in the People's Republic of China, the possibility
that a current customer could be acquired or otherwise be affected by a future
event that would diminish their waste management requirements; the competition
in the waste management industry and the impact of such competition on pricing,
revenues and margins; uncertainties surrounding budget reductions or changes
in funding priorities of existing government programs and the cost of
attracting and retaining highly skilled personnel; our projected sales,
profitability, and cash flows; our growth strategies; anticipated trends in
our industries; our future financing plans; and our anticipated needs for
working capital. Forward-looking statements speak only as of the date on which
they are made, and, except to the extent required by federal securities laws,
we undertake no obligation to update any forward-looking statement to reflect
events or circumstances after the date on which the statement is made or to
reflect the occurrence of unanticipated events.
For more information, please contact:
Company Contact:
Mr. Darcy Zhang, Director of Investor Relations
Tel: +86-411-8259-5339
Email: darcy.zhang@chinaciwt.com
Web: http://www.chinaciwt.com
CCG Investor Relations:
Mr. Athan Dounis, Account Manager
Tel: +1-646-213-1916
Email: athan.dounis@ccgir.com
Web: http://www.ccgirasia.com
SOURCE China Industrial Waste Management, Inc.