Sep 2 2010
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 the Company's 90%-owned subsidiary, Dalian Dongtai Industrial Waste Treatment Co., Ltd. ("Dalian Dongtai"), signed a waste management cooperation contract (the "Contract") with Dalian Onoda Cement Co., Ltd. ("Dalian Onoda") to process industrial waste utilizing Dalian Onoda's cement kiln.
Dalian Onoda Cement Co., Ltd is a cement production venture owned by Taiheiyo Cement Co., Ltd (a leading multinational cement producer in Japan).
Dalian Dongtai signed a Letter of Intent with the Dalian Onoda on November 8, 2009, and, since that time, the two firms have processed 3,000 tons of solid waste in a trial run. As an additional element of the Contract, a research team will be formed by the two companies to develop new waste management methods and technologies based on lessons learned from the collaboration.
The treatment of solid waste by means of cement kilns is a goal of waste management professionals around the world and represents a growing trend. An important advantage of this approach is the combination of environmental benefits and resource utilization. Countries with developed waste management infrastructures, such as Japan, Sweden and the United States, reduce coal usage by millions of tons per year by employing cement kiln techniques. In this process, certain organic waste products are used as fuel in the production of cement, which otherwise would consume significant quantities of fossil fuels-typically coal. Moreover, some inorganic wastes, such as casting sand, are used as raw materials for the cement. Candidate waste materials include a wide variety of items, such as waste tires and waste plastics, along with hazardous wastes such as solvents and oils.
"We are excited to announce this collaboration with Dalian Onoda and the addition of another important waste treatment method to our business that substantially boosts our industrial waste processing capacity," said Mr. Jason Dong, Chief Executive Officer. "Given the massive scale of China's cement industry, we feel the development of cement kiln waste processing has significant potential, and the environmental benefits should also be considerable. The current hazardous waste management capacity of the facilities operated by Dalian Dongtai is 56,000 tons per year. Through our cooperation with Dalian Onoda, we believe Dalian Dongtai will be able to increase its current hazardous waste management capacity by 36% or 20,000 tons per year immediately and by 125% to 143% or 70,000 to 80,000 tons per year within the next five years."
Source: http://www.chinaciwt.com/