China Recycling Energy Corp was incorporated on May 8, 1980, under the laws of the State of Colorado. On September 6, 2001, the Company re-domiciled its state of incorporation to Nevada. The Company is engaged in the recycling energy business, providing energy savings and recycling products and services. It is a developer of waste energy recycling projects for industrial applications in China. Its waste energy recycling projects allows customers who use substantial amounts of electricity to recapture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. It currently offers waste energy recycling systems to companies for use in iron and steel, nonferrous metal, cement, coal and petrochemical plants. The Company constructs its projects at its customer's facility and the electricity produced is used on-site by the customer. It develops fully-customized projects across several verticals to better meet customer's energy recovery needs. Its waste pressure-to-energy solution primarily consists of 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 generate electricity. Its waste heat-to-energy solution mainly consists of heat power generation projects for applications in cement, steel and nonferrous metal industries, which collect the residual heat from various manufacturing processes. Its waste gas-to-energy solution primarily consists of the Waste Gas Power Generation system ('WGPG') and the Combined Cycle Power Plant. It provides a clean-technology and energy-efficient solution aimed at reducing the air pollution and energy shortage problems in China. Its projects capture industrial waste energy to produce low-cost electricity, enabling industrial manufacturers to reduce their energy costs, lower their operating costs, extend the life of primary manufacturing equipment, and generate saleable emission credits under the Kyoto Protocol. Its customers are mainly mid- to large-size enterprises in China involving high energy-consuming businesses. Its customers include Zhonggang Binhai's JV Plant (Zhongbao), which is China's largest nickel steel plant; Erdos Metallurgy Co., Ltd., which is the largest ferrosilicon alloy plant in the world, as well as other mid- to large-scale players in their specific industries or geographies, including Shengwei Cement Group, Shenmu County Jiujiang Trading Co., Ltd. Its existing customers operate in Hebei province, Shanxi province, Shaan'xi province, and the Inner Mongolia Autonomic Region in China. The Company markets and sells its projects nationwide through its direct sales force in Xi'an, China. Its main competitors as third-party providers are state owned research institutes or their wholly owned construction companies and smaller private companies. The state-owned enterprises include Equipment and System Engineer Co., Ltd. of Hangzhou Steam Turbine & Power Group (Hangzhou Turbine) and Energy Saving Development Co., Ltd of China National Material Group, Sinoma Development Co., Ltd. The private companies include China Senyuan Electronic Co., Ltd., Dalian East New Energy Development Co. Ltd., Top Resource Conservation Engineering Co.,Ltd. and Nanjing Kaisheng Kaineng Environmental Energy. The Company's products are designed and constructed to comply with the environmental laws and regulations of China.