COMPANY NEWS

June 2009

The cement waste heat power generation CDM project in Hebei whose CER we have purchased has been approved by Chinese National Development and Reform Commission (NDRC). 

May 2009

The second solar cooker project in China, Federal Intertrade Hong-Ru River Solar Cooker Project, has successfully registered on May 31, 2009 at UNFCCC EB 47th meeting. Similar to the first solar cooker project, this project was co-developed by our company and Ningxia Federal Intertrade Co. Ltd, and it is estimated to generate annual emission reduction of approximately 36,000 ton of CO2.  

March 2009

The first solar cooker project in China and the first commercial scale CDM solar cooker project in the world, Federal Intertrade Pengyang Solar Cooker Project, has successfully registered on March 27, 2009 at UNFCCC EB 46th meeting. Co-developed by our company and Ningxia Federal Intertrade Co. Ltd, the project will provide 17,000 solar cookers to the poor rural villagers in southern mountainous area in Ningxia Hui Autonomous Region in China, one of the poorest place in China, The project is estimated to generate annual emission reduction of approximately 36,000 ton of CO2. The project set up a milestone in developing projects that contribute to rural sustainability, environment, and poverty relief with innovative carbon financing. It was widely quoted and praised by many media.  

June 2008

The Chief Representative of our Beijing office, Ms. Jiang, has attended the the voluntary service delegate organized by the All-China Women's Federation to Sichuan Wenchuan earthquake area. Ms. Jiang made donation on behalf of our company and spent 10 days providing voluntary service in the disaster area. Our company, along with Honeywell, supported by All-China Women's Federation, initiated the Love Relay family voluntary program, focusing on the disaster-relief activities of Xiaoyu town, Pengzhou city, Sichuan province. The Chinese Central Television (CCTV) webpage reported the story >>> More

May 2008

The Hebei Yuxian Second Phase Wind project, a cooperation among our company, Swiss Re Global Markets Ltd., and HECIC New Energy Co., has obtained CDM project approval at Chinese NDRC. The project is expected to generate 500,000 tons of CER by 2012.

April 2008

On April 10, our company formerly became a member of China Business Council for Sustainable Development (CBCSD). CBCSD was established in October 2003 and its goal is to promote sustainable development in China. Its memberships consist of many well-known Chinese corporations as well as Fortune 500 companies operating in China. On the annual meeting of CBCSD on April 10, our company became a new member of CBCSD along with many prestigious companies such as Coca Cola, Honeywell, China Merchants Bank, EDF, Sinochem Fuji Xerox, etc. The top management of our company attended this event. >>> More

Our Company has reached an agreement with Hebei Jinniu Resources on purchase the emission reduction from its cement plant waster heat power generation project. The expected CER is 190,000 ton by 2012.

February 2008

Our company attended the Carbon Form America during February 25-27 in San Francisco, USA. We have discussed with other carbon market participants on the outlook of carbon market in North America. Based on the attitude of the current three presidential candidates, the majority of people expressed optimism towards the involvement of USA into international carbon market after 2008.

December 2007

Many mainstream media including Chinese NDRC website, Ningxia Daily, Xinhua Net, and the Ministry for Foreign Affairs of Finland, has reported the solar cooker CDM projects developed by our company and Ningxia Federal Intertrade Co. These media also gave positive comments on the social and environmental benefits generated by the projects.

November 2007

The Ministry for Foreign Affairs of Finland has reached an agreement to purchase the CER generated by Ningxia Federal Solar Cooker Project developed by our company. The project will provide solar cookers to the poor villagers in southern Ningxia province for their daily cooking and water boiling. The expected CER by 2012 is 175,000.

September 2007

Swiss Re Global Markets signed an agreement to purchase the CER generated by Pengyang and Hong-Ru River Federal Solar Cooker Projects developed by our company. The project will provide solar cookers to the poor villagers in southern Ningxia province for their daily cooking and water boiling. The expected CER by 2012 is 333,000.

May 2007

Mr. Ju Ning, managing director, has attended the Carbon Expo in Cologne, Germany and European Wind Energy Exhibition in Milan, Italy. During these events Mr. Ning has extensively exchanged opinions with many participants on the outlook of world carbon market and clean energy.