BEIJING, March 4,
2024 /PRNewswire/ -- Recon Technology Ltd ("Recon" or
the "Company"), a China-based
oilfield service provider and low-carbon energy service provider,
today announced that it will participate in the 2024 Plastics
Recycling Conference in Grapevine,
Texas, from March 25th to
27th.
At the conference, Recon will showcase its solutions for low
value plastic chemical recycling, including its solution on waste
plastic collection and treatment, basic processing and techniques,
factory construction progress and expected production capacity, and
main outputs of the process. We cordially invite everyone
interested in chemical recycling of plastics to visit our Booth 419
to learn more about our company's history and the advantages of our
technology and products, and we look forward to cooperating with
upstream and downstream industry players.
"We are proud to attend this conference and showcase our
industry solutions," said Mr. Shenping
Yin, CEO of Recon, "As a company focusing on solutions for
the energy and chemical industries, we are committed to providing
truly green and low carbon solutions for the transformation of the
traditional energy industry. Through the latest catalytic pyrolysis
process and improved devices and processes, we have achieved the
extraction of pyrolysis oil from recovered low-value waste plastics
that cannot be used for physical recycling, mainly polyethylene and
polypropylene, and have passed the composition assay and believe
the products can be used in the production chain of a chemical
plant. Petrochemical companies and the plastics industry have been
aware of the technical and economic limitations of plastics
chemical recycling for decades, but have not been able to overcome
them, and we are pleased that Recon has been able to make some
progress in the plastics chemical recycling business. Utilizing our
experience and technology, we are committed to providing solutions
for the recyclable and low-carbon development of the energy
industry and the long-term sustainability of our company".
The Plastics Recycling Conference is the largest annual industry
event in North America, bringing
together industry leaders, policymakers and recycling experts to
discuss the latest trends and innovations in plastics recycling.
For more information, please visit the following website:
https://www.plasticsrecycling.com/.
About Recon Technology, Ltd ("RCON")
Recon Technology, Ltd (NASDAQ: RCON) is the People's Republic of China's first
NASDAQ-listed non-state owned oil and gas field service company.
Recon supplies China's largest oil
exploration companies, Sinopec (NYSE: SNP) and The China National
Petroleum Corporation ("CNPC"), with advanced automated
technologies, efficient gathering and transportation equipment and
reservoir stimulation measure for increasing petroleum extraction
levels, reducing impurities and lowering production costs. Through
the years, RCON has taken leading positions within several
segmented markets of the oil and gas filed service industry. RCON
also has developed stable long-term cooperation relationship with
its major clients. For additional information please visit:
http://www.recon.cn/.
Forward-Looking Statements
Recon includes "forward-looking statements" within the meaning
of the federal securities laws throughout this press release. A
reader can identify forward-looking statements because they are not
limited to historical fact or they use words such as "scheduled,"
"may," "will," "could," "should," "would," "expect," "believe,"
"anticipate," "project," "plan," "estimate," "forecast," "goal,"
"objective," "committed," "intend," "continue," or "will likely
result," and similar expressions that concern Recon's strategy,
plans, intentions or beliefs about future occurrences or results.
Forward-looking statements are subject to risks, uncertainties and
other factors that may change at any time and may cause actual
results to differ materially from those that Recon expected. Many
of these statements are derived from Recon's operating budgets and
forecasts, which are based on many detailed assumptions that Recon
believes are reasonable, or are based on various assumptions about
certain plans, activities or events which we expect will or may
occur in the future. However, it is very difficult to predict the
effect of known factors, and Recon cannot anticipate all factors
that could affect actual results that may be important to an
investor. All forward-looking information should be evaluated in
the context of these risks, uncertainties and other factors,
including those factors disclosed under "Risk Factors" in Recon's
most recent Annual Report on Form 20-F and any subsequent half-year
financial filings on Form 6-K filed with the Securities and
Exchange Commission. All forward-looking statements are qualified
in their entirety by the cautionary statements that Recon makes
from time to time in its SEC filings and public communications.
Recon cannot assure the reader that it will realize the results or
developments Recon anticipates, or, even if substantially realized,
that they will result in the consequences or affect Recon or its
operations in the way Recon expects. Forward-looking statements
speak only as of the date made. Recon undertakes no obligation to
update or revise any forward-looking statements to reflect events
or circumstances arising after the date on which they were made,
except as otherwise required by law. As a result of these risks and
uncertainties, readers are cautioned not to place undue reliance on
any forward-looking statements included herein or that may be made
elsewhere from time to time by, or on behalf of, Recon.
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SOURCE Recon Technology, Ltd