NF Energy Developes a New Solution to the Disposal of Landfill Leachate to Enter a New Market
SHENYANG, China, Aug. 27, 2014 /PRNewswire/ -- NF Energy Saving Corporation (NFEC) ("NF Energy" or the "Company"), a leading energy saving services and solutions provider for China's power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries, today announced that the Company has developed a new solution to the disposal of landfill leachate. It has entered a new market in environmental protection.
Leachate Concentration Harmless Dryer, invented by the Company, is a device to dry leachate in a sealed environment and discharge dehydrated sludge by auger conveyor. Compared with normal leachate dryer devices, it takes tail gas to recompress and return to the device as a heat source. The methods used by our device will not only save energy and expense, but also won't cause any additional pollution to the environment in the whole process.
A recent test of our Leachate Concentration Harmless Dryer at a landfill site in Jilin Province indicates that the patent-pending device has achieved high scores in all performance requirements.
Containing a variety of toxic and harmful ingredients, landfill leachate is a major source of contaminates in soil and underground water. During the long history of China's environmental protection industry, this problem has not been solved. Now, the issue of leachate pollution can be effectively resolved by NFEC's solution with its Leachate Concentration Harmless Dryer.
According to estimates from a Dalian environmental protection company, the provincial capitals in China alone already need at least 500 sets of the device per year. In fact, the remaining cities in China have the same requirement. At the current price of US$0.3 million a set, the potential demand represents more than US$500 million per year in China.
NFEC plans to commence production of 30 sets of the device and will fulfill a US$9 million order with separate deliveries before the end of 2015. It is expected that the 30 sets will be deployed at 10 landfill sites in the country.
"The disposal of garbage is a large market and industry," says Mr. Gang Li, Chairman of NFEC, "We have entered this market with new products and innovative technologies. This will surely broaden business opportunities for our company."
About NF Energy Saving Corporation
NF Energy Saving Corporation (NASDAQ: NFEC) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The Company's customers are mainly concentrated in the electrical generation (large-scale thermal power generation, hydroelectric power, and nuclear power), water supply, and heat supply industries. The majority of revenues are from energy efficient flow control solutions including equipment and energy efficiency project services. For more information, visit http://www.nfenergy.com.
Safe Harbor Statement
The statements contained herein that are not historical facts are considered "forward-looking statements." Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov.
Contact Person: Andy Gao
Phone Number: +86-24-25609775
SOURCE NF Energy Saving Corporation