Agricultural Growth in China's 8th Largest Desert Presents Promising Opportunities to Create Economic Value and Improve Ecological Environment
NEW YORK, Jan. 28, 2013 /PRNewswire-iReach/ -- Kee Global Advisors (KGA), a corporate development advisory firm headquartered in New York, announced that it has entered into an agreement with the Sun Ecological Technology Development Co., Ltd. (Denkou, Inner Mongolia) to identify strategic partners and investors, both domestically and globally, to accelerate the company's efforts to slow down the desertification of the Ulan Buh Desert, or known as the Wulanbuhe Desert in Chinese, in the Inner Mongolia and create an "oasis" out of the desert.
The Sun Ecological Technology Development Co., Ltd. is the first privately owned Chinese company, which has been funding the hydraulic engineering project, since 2010, to divert and reserve the Yellow River flood water in the middle stream of the Yellow River. Each year the diverted flood water from the river can be as much as 100 million m3. In a few years the water may form a wetland of around 66,000 acres in the middle of the desert. The water supply enables the company to cultivate land in the Ulan Buh Desert and grow economic plants. Since 2011, on an experimental basis, they successfully cultivated more than 3800 acres of plants such as chufas, U.S. desert bamboo, pest-resistant poplars, and forage mulberry trees. The plants will both improve the desert's ecological environment and generate economic benefits. The water collected from the flood of the Yellow River has begun to provide a sustainable water supply to both residential and industrial users in neighboring regions which previously relied solely on underground water supplies.
Located North of Beijing within Inner Mongolia, the Ulan Buh Desert occupies an area of approximately 14,000 square kilometers, the eighth largest desert in China, the direct cause of the severe sand storms that annually affect numerous cities in Northern China including China's capital city of Beijing.
"This is a once-in-a-life-time opportunity to work on such a project, that not only will generate economic benefits, but also improve the ecological environment of the Ulan Buh Desert, the Yellow River and, more broadly, the Earth, " said, Wenbo Chen, CEO and Chairman of the Sun Ecological Technology Co., Ltd., "and nothing can be more exciting than bringing life to the desert with our hard work."
"It is a great honor for KGA to be part of Mr. Chen's endeavors to turn the Ulan Buh Desert into a Greenland. We are convinced of the positive impact this project will bring to the local and global ecological environment, " commented Coco Kee, Managing Partner of Kee Global Advisors LLC (KGA).
About the Sun Ecological Technology Co., Ltd.
Founded in Dengko, Inner Mongolia, it invests, executes and manages hydraulic and agricultural projects in the Ulan Buh Desert. It is fully owned by the Beijing Sun Petrochemical Co., Ltd., a company that manufactures and distributes petrochemical and biofuel products.
About Kee Global Advisors (KGA)
KGA is a corporate development advisory firm assisting private and public companies with cross-border expansion between the U.S. and China, including strategic market entry and initial customer acquisition, access to growth capital and financing and M&A. KGA is headquartered in New York.
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SOURCE Kee Global Advisors (KGA)