China Recycling Energy Corp. (CREG.OB) Secures Partnership with Norwegian Government for Recycling Projects

CREG chairman and CEO Guohua Ku met with the representative of the Norwegian government to sign the agreement in which the two entities will collaboratively promote the development of China’s industrial energy conservation.

CREG’s industrial recycling technologies are used by steel mills, cement factories and coke plants in China. Through recycling the company generates byproducts including heat, steam, pressure and exhaust to generate large amounts of low-cost electricity, thereby reducing the need for outside electrical sources.

The recent partnership is expected to support efforts of the Norwegian government, as well as CREG.

“We are happy to build up such a strategic partnership with the Norwegian government. We believe that such a high-profile communication and cooperation will benefit us with more forward-looking vision and worldwide exploration for leadership in new energy technologies and application,” Ku stated in the press release.

CREG’s management and engineering teams have more than 20 years of experience in industrial energy recovery in China. The company’s knowledge and expertise in the industry also secured the company a vocal position at the Sino-Norwegian Energy and Environment Conference in Shanghai.

The day of the signing, CREG management was invited as a keynote speaker to introduce China’s energy recycling industry at the conference, which was sponsored by China and Norway’s governments in the theme of “Better City, Better life.”