China Recycling Energy Corp. Announces Strategic Partnership with China Aviation Gas Turbine Co., Ltd.

-- Collaborations in Waste Gas Recovery and Equipment Manufacturing

XI'AN, China, Sept. 26 /Xinhua-PRNewswire-FirstCall/ -- China Recycling Energy Corp. (OTC:CREG) (BULLETIN BOARD: CREG)  ("CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, today announced it has signed a strategic partnership agreement with China Aviation Gas Turbine Co., Ltd. ("CAGT") for technological research and equipment manufacturing related to electric power generation using waste gas at steel mills and coking factories in China.

According to the contract, CREG will collaborate with CAGT, one of China's leading aeronautical power technology firms, to develop technologies and equipment for blast furnace top-gas recovery turbines and combined cycle power plants, which are systems that generate electricity by burning waste gas emitted during the iron-and-steel-making process.

"We are honored to be a strategic partner of China Aviation Gas Turbine," said Mr. Guangyu Wu, CEO of CREG.  "With our experience in industrial waste- to-energy, CAGT's space technology can further help us penetrate our marketplace and expand our competitive advantages."

About China Aviation Gas Turbine Co., Ltd.

China Aviation Gas Turbine Co., Ltd. ("CAGT") was created by China Aviation Investment Co., Ltd., Shenyang Liming Aero-Engine (Group) Corporation Ltd., Xi'an Aero-Engine (Group) Ltd., and 10 other aerospace technology and investment entities in December 2002.  Based in Shenyang City, the capital of Liaoning Province in Northeast China, CAGT seeks to meet the market demands of electric power generation with advanced gas turbines developed using proprietary aeronautical power technology.

Its main businesses include: 1) Gas Turbine Packages; 2) Gas Turbine Driving Power Engineering Services; and 3) Machinery & Electronic Equipment. CAGT's main customers are in aerospace, petrochemical, railroad, nuclear power, metallurgy and coking industries.

  For more information about CAGT, please visit http://www.cagt.com.cn/en/

  About China Recycling Energy Corp.


China Recycling Energy Corp.  (OTCBB: CREG.OB) ("CREG" or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China.  Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources.  The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution.  Currently, recycled energy represents only an estimated 1% of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand.  The management and engineering teams have over 20 years of experience in industrial energy recovery in China.

  For more information about CREG, please visit http://www.creg-cn.com/ .

  Safe Harbor Statement


This press release may contain certain "forward-looking statements" relating to the business of China Recycling Energy Corp.  and its subsidiary companies.  All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties.  Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect.  Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov/ .  All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.  Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

  For more information, please contact:

  In China:
   Mr. Leo Wu
   Investor Relations
   China Recycling Energy Corp.
   Tel:   [phone]
   Email: 

  In the U.S.:
   Mr. Valentine Ding
   Investor Relations
   Grayling Global
   Tel:   [phone]
   Email: 

DATASOURCE: China Recycling Energy Corp.



CONTACT: In China: Mr. Leo Wu, Investor Relations, China Recycling Energy

Corp. at [phone] or ; Or, In the U.S.: Mr. Valentine

Ding, Investor Relations, Grayling Global at [phone] or





Web site: http://www.creg-cn.com/en

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