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China Recycling Energy Corporation (CREG)

1.17 Up 0.02(1.88%) Nov 26, 3:59PM EST
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China Recycling Energy Corporation
Chang An International Building
12th Floor
Xi'an City, 710068
China - Map
Phone: 86 29 8769 1097

Index Membership:N/A
Sector:Industrial Goods
Industry:Waste Management
Full Time Employees:166

Business Summary 

China Recycling Energy Corporation is engaged in the recycling energy business primarily in the People’s Republic of China. It is involved in the design, finance, construction, operation, and transfer of waste energy recycling projects to mid-to large-size enterprises for use in iron and steel, nonferrous metal, cement, coal, and petrochemical plants; and sale and lease of energy saving systems and equipment. The company’s waste pressure-to-energy solutions primarily include the blast furnace top gas recovery turbine unit (TRT), a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions primarily comprise heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes. Its waste gas-to-energy solution includes the waste gas power generation system (WGPG) that utilizes flammable waste gas from coal mining, petroleum exploitation, refinery processing, or other sources as a fuel source to generate electricity; and the combined cycle power plant (CCPP), which employs power generating cycle to utilize the waste gas that generates electricity by burning the flammable waste gas in a gas turbine, as well as uses the waste heat from burning the gas to make steam to generate additional electricity through a steam turbine. The company also offers biomass power generation systems (BMPG); and waste heat power generation (WHPG) systems. As of December 31, 2013, it had one TRT system, one cement waste heat power generator system, five recycling WHPG systems, four BMPG systems, two WHPG systems, and two BPRT systems. The company was formerly known as China Digital Wireless, Inc. and changed its name to China Recycling Energy Corporation in March 2007. China Recycling Energy Corporation is headquartered in Xi’an City, China.

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Key Executives 
Mr. Ku Guohua , 52
Chairman and Chief Exec. Officer
Mr. David Chong , 51
Chief Financial Officer, Principal Accounting Officer and Sec.
Mr. Lanwei Li , 32
Chief Operating Officer, VP and Director of Bus.
Mr. Zhigang Wu , 42
VP of Fin.
Mr. Xiaogang Zhu , 60
VP of Accounting
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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