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
CCG Investor Relations:
Mr. Athan Dounis, Account Manager
Tel: +1-646-213-1916
Email: athan.dounis@ccgir.com
