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Green Markets: China Industrial Waste Inks New Contract

August 31, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Industrial Waste Management, Inc. (OTCBB: CIWT), an environmental services firm, said that the company's 90%-owned subsidiary, Dalian Dongtai Industrial Waste Treatment Co., Ltd. signed a waste management cooperation contract  with Dalian Onoda Cement Co., Ltd. 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, multinational cement producer in Japan.

Dalian Dongtai said it 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.

The treatment of solid waste by means of cement kilns offers a combination of environmental benefits and resource utilization. According to China Industrial, 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 the 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. Some inorganic wastes, such as casting sand, are used as raw materials for the cement.

Candidate waste materials include a range of items, such as waste tires and waste plastics, along with hazardous wastes such as solvents and oils.

China-based China Industrial Waste Management is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian and surrounding areas in Liaoning Province, People's Republic of China through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. and other indirect subsidiaries.

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