News: Sancon Resources Recovery Sponsors New Biofuel Technology
Tuesday January 20, 2009, 8:00 am EST
SHANGHAI, China--(BUSINESS WIRE)--Sancon Resources Recovery, Inc. (OTCBB:SRRY - News) (or “Sancon”), a rapidly growing environmental services and waste recycling company with operations in both China and Australia, announced today that it is sponsoring the development of biofuel production technique that thrives on supplies of carbon dioxide.
The technique could trigger a global revolution in biofuel production, providing a critical alternative to fossil fuels and help address greenhouse gas emissions.
South Australia is at the forefront of the research advancing the development of microalgae for biofuel production. Dr John Benemann, a world leading expert in renewable biofuel technologies, who has worked in the area of microalgae biofuels for the past 30 years, has been appointed as a specialist advisor to the Future Fuels Consortium™ comprising the South Australian Research and Development Institute, Flinders University, CSIRO and major project sponsor Sancon.
Dr. Benemann will present a public seminar on 21st January at the SARDI Aquatic Sciences Centre. The seminar is being hosted by the Department of Further Education, Employment, Science and Technology and the Future Fuels Consortium™. “The global potential of microalgae biofuels as a major fossil fuel alternative is mind boggling – it is just a matter of making its production feasible,” said Dr. Benemann. “Such renewable energy sources must be developed to allow for the long-term sustainability of our economies, ecosystems and societies, and the research occurring in South Australia is making exciting progress.”
Dr. Benemann, who led the US Department of Energy’s Aquatic Species Program and is a member of the National Energy Technology Laboratory (US DOE-NETL) Carbon Sequestration Project Review Committee, currently manages the International Network on Biofixation of CO2 and Greenhouse Gas Abatement with Microalgae operating under the International Energy Agency Greenhouse Gas R&D Programme. Additional information can be viewed at: www.sardi.sa.gov.au.
About Sancon Resources Recovery Inc.
Sancon Resources Recovery, Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The recycled materials are re-used by Sancon's manufacturing customers in China to make a wide variety of new products including outdoor furniture, construction materials, building materials, road surface, and various new products. Sancon's China operation is licensed by the Chinese government for waste management services, and is certified with ISO9001 and ISO14001 standards. For more information please visit: www.sanconinc.com.
Forward-looking statements:
The statements made in this press release, which are not historical facts, may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
Contact:
Sancon Resources Recovery, Inc.
Jack Chen, +86 21 5284 3310 (CEO)
info@sanconinc.com
