LISHUI, China, Nov. 25,
2022 /PRNewswire/ -- CN Energy Group. Inc.
(NASDAQ: CNEY) today announced that its 6th-generation
gasification reactors (FLS-VI) have been formally and smoothly put
into full operation at its Tahe Factory, after completing all
acceptance checks on design requirements and passing all tests on
safety, efficiency and reliability. This is a crucial achievement
of CNEY's own R&D team that started in May 2020 to revamp and optimize its
5th-generation gasification reactors (FLS-V). The first
prototype of FLS-VI was built and installed in September 2021. This was followed by continuous
on-site efforts on debugging shortcomings and enhancing
performance, which lasted for 14 months of trial operations. In
2023, applications of FLS-VI gasification reactors are expected to
be replicated on a large scale within CNEY's production lines.
Through such technological innovations and engineering
progressions, CNEY has attained multifaceted improvements and
consequently reinforced its competitive strength in the market.
First, the daily outputs of carbonized materials per gasification
reactor have increased by five times, from 4 tons for FLS-V to 20
tons for FLS-VI. Second, reactor automation has been ameliorated
and streamlined so that the total number of workers needed to
produce the same targeted level of outputs can be reduced by nearly
two-thirds. Third, the entire production process has become more
resource-conserving and environmentally friendly. Electricity and
water inputs needed to produce each ton of activated carbon have
been reduced by 1.5% and by 3%. Finally, the overall conversion
rate from feedstocks to final products has also been boosted, with
tangible quality enrichments.
CNEY's CEO, Dr. Kangbin Zheng, said: "We have been constantly
striving to achieve engineering excellence, through developing our
own intellectual property rights and forging better ways to serve
our clients and to protect our environment. With a new generation
of innovative and effective gasification reactors, we can produce
refined products with higher quality and lower costs. This will
create win-win solutions for all stakeholders, including our end
users and shareholders."
About CN Energy Group. Inc.
CN Energy Group. Inc. is currently listed on NASDAQ under the
symbol of CNEY. With patented proprietary physicochemical
technologies, CNEY has pioneered and specialized in producing
high-quality recyclable activated carbon and renewable energy from
abandoned forest and agricultural residues, converting harmful
wastes into invaluable wealth and delivering significant financial,
economic, environmental and ecologic benefits. CENY's
products and services have been widely used by food and beverage
producers, industrial and pharmaceutical manufacturers, as well as
environmental protection enterprises. For more information, please
kindly visit the Company's website at https://ir.cneny.com/.
Forward-Looking Statements
Certain statements, other than statements of historical facts,
made in this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, including the further spread of the COVID-19 virus
or new variants thereof, or the occurrence of another wave of cases
and the impact it may have on the Company's operations and the
demand for the Company's products, and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
conditions, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
refer to its filings with SEC, including without limitation,
Company's registration statements and other filings with the SEC
that set forth certain risks and uncertainties that may have an
impact on future results and directions of the Company.
Investor Relations
Tel:+86-571-87555823
Email: ir@cneny.com
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SOURCE CN Energy Group. Inc.
