China Energy Recovery Wins an EPC Contract for a New Sulfuric Acid Plant with Built-in Waste Heat Recovery System

China Energy Recovery, Inc. (OTC Bulletin Board: CGYV | Quote | Chart | News | PowerRating) (ISIN: US16943V2060;
"CER"), a leader in the waste heat energy recovery sector of the industrial
energy efficiency industry, today announced that the company has won a new EPC
(Engineering, Procurement and Construction) contract to construct a sulfuric
acid plant with built-in waste heat recovery system for Tianjin Qinfa Chemical
("Qinfa"), a subsidiary of Tianjin Bohai Chemical Group, a leading chemical
producer and one of the 200 Largest Companies in China. The total contract
value amounts to RMB 30.5 million (approximately $4.47 million).

The new plant will be designed to produce 200,000 tons of sulfuric acid
annually and generate 29 tons of steam per hour from waste heat energy
captured during production. Part of the steam will be used to generate
electricity, with a 3MW generation capacity, and the rest will be utilized
directly. The utilization of the remaining steam can be translated into
roughly another 2.8MW worth of power generation capacity.

This EPC project will enable Qinfa to execute its strategy to expand its
production capacity while improving energy efficiency, thus reducing energy
costs, and meeting environmental requirements. It is expected to be completed
around next May. With the built-in waste heat recovery system, the new plant
is expected to achieve an annual saving of roughly 12,500 tons of coal (coal
equivalent), which would otherwise be required to produce the same amount of
power, and the reduction of roughly 33,000 tons of carbon dioxide emissions
each year.

"This is a good example of the recent developments in Chinese industries
as a result of China's economic stimulus package since late last year,"
commented Mr. Qinghuan Wu, Chairman and CEO of China Energy Recovery. "We
have seen that industrial companies in China are resuming their expansion
plans and at the same time are paying more attention to energy efficiency and
environmental issues in order to achieve sustained growth. We are also glad
to see that more and more customers have recognized our strong engineering
capabilities and been willing to engage us to undertake EPC projects for them.
This is expected to be a growth area for the company in the years to come."

The contract value presented above includes a 17% value added tax ("VAT")
and a 2% retainage for product warranty purposes. According to US GAAP, VAT
and the retainage are excluded from the current period for revenue recognition
purposes and the retainage will be recognized as deferred revenue. The numbers
presented represent values based on current exchange rates. Changes in the
currency exchange rates would result in a commensurate change in contract
value.

What is Waste Heat Energy Recovery?

Industrial facilities 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 heat energy or electricity, dramatically lowering
energy costs. Energy recovery systems are also capable of lowering heat
pollution and capturing harmful pollutants that would otherwise be released
into the environment. It is estimated that if energy currently wasted by all
the U.S. industrial facilities could be recovered, it could produce power
equivalent to 20% of U.S. electricity generation capacity without burning any
additional fossil fuel, and could help many industries to meet stringent
environmental regulations.

About China Energy Recovery, Inc.

CER is an international leader in designing, manufacturing and installing
waste heat energy recovery systems which provide facilities with greater
energy efficiency. The company's primary focus is on the Chinese market.
CER's technology captures industrial waste energy to produce low-cost
electrical power, enabling industrial manufacturers to reduce their energy
costs, shrink their emissions footprint, and generate sellable emissions
credits. CER has deployed its systems throughout China and in such
international markets as Egypt, Korea, Vietnam and Malaysia. CER focuses on
numerous industries in which a rapid payback on invested capital is achieved
by its customers, including: chemical, paper manufacturing, refining
(including methanol refining), etc. CER continues to invest in R&D and plans
to build China's first state-of-the-art energy recovery system research and
fabrication facility to allow it to meet the increased demand for its products
and services. For more information on CER, please visit:
http://www.chinaenergyrecovery.com/s/Home.asp . Information on CER's website
does not comprise a part of this press release.

Forward-Looking Statement Disclaimer

This press release includes "forward-looking statements" within the
meaning of the Securities Litigation Reform Act of 1995, as amended. All
statements, other than statements of historical fact, included in the press
release that address activities, events or developments that CER believes or
anticipates will or may occur in the future are forward-looking statements.
These statements are based on certain assumptions made based on experience,
expected future developments and other factors that CER believes are
appropriate under the circumstances. Such statements are subject to a number
of assumptions, risks and uncertainties, many of which are beyond the control
of CER and may not materialize, including, without limitation, the efficacy
and market acceptance of CER's products and services, CER's ability to execute
on its business plan and strategies and CER's ability to successfully complete
orders and collect revenues therefrom. Investors are cautioned that any such
statements are not guarantees of future performance. Actual results or
developments may differ materially from those projected in the forward-looking
statements as a result of many factors. Furthermore, CER does not intend (and
is not obligated) to update publicly any forward-looking statements, except as
required by law. The contents of this release should be considered in
conjunction with the warnings and cautionary statements contained in CER's
filings with the Securities and Exchange Commission, including CER's Annual
Report on Form 10-K filed with the Securities and Exchange Commission on March
30, 2009.

    For more information, please contact:

     Cindy Cheng
     Tel:   +86-21-5556-0020 x503
     Email: IR@haie.com

SOURCE China Energy Recovery, Inc.

http://www.chinaenergyrecovery.com/s/Home.asp

For full details on (CGYV) CGYV. (CGYV) has Short Term PowerRatings at TradingMarkets. Details on (CGYV) Short Term PowerRatings is available at This Link.