JET Technical Symposium was successfully held in Washington D.C.
RIDGEFIELD PARK, N.J., Oct. 11, 2018 /PRNewswire/ -- On October 4th, 2018, organized by Jiangnan Environment Technology Inc (JET), hosted by the Bilateral U.S.-Arab Chamber of Commerce, supported by Ernst & Young, the JET Technical Symposium was successfully held at St. Regis Hotel, Washington D.C.. About 50 industry experts attended the Symposium, including government experts from the U.S. Department of State, Department of Energy, executives from power companies, representatives of coal associations, and well-known experts from the industry. The Symposium was moderated by Ms. Aida Araissi, CEO of the Bilateral U.S.-Arab Chamber of Commerce.
The Symposium began with welcoming remarks from Ms. Aida Araissi, on behalf of Mr. David Phillips, Chairman of the Bilateral U.S.-Arab Chamber of Commerce.
Afterwards, Mr. Phil Gonet, President of the Illinois Coal Association shared some thoughts on behalf of the association. Mr. Gonet expressed his pleasure to be invited to the Symposium with the opportunity to speak. He affirmed the tremendous value that JET's technology could bring to U.S. coal-fired power plants and coal mining companies, especially to high-sulfur coal producing areas such as Illinois.
Next, Mr. Richard Westerdale, Senior Advisor at the U.S. Department of State, gave a keynote speech on the current U.S. energy policy and the direction of Sino-U.S. relations. He said that although the Sino-U.S. relation is currently encountering some setbacks, in the long run, it must be developed into a healthy, stable, cooperative and win-win direction.
Ms. Deborah Byers, Americas Industry Leader & U.S. Energy Leader for Ernst & Young, analyzed the current status and problems encountered in the American coal power industry. She said that the current situation faced by the U.S. coal power industry is grim. The increasingly stringent environmental emission regulation, high operating costs and competition with low-cost natural gas power plants have caused most coal-fired power plants to face their most serious crisis in history. However, JET's technology is perfectly capable to solve some of these problems so that coal-fired power plants can continue to stay competitive against gas-fired power plants.
After Mr. Westerdale's speech, Mr. Xu Junsheng, founder and Chairman of JNG, the parent company of JET, delivered a keynote speech on the development and characteristics of JET technology. Chairman Xu thanked the leaders and experts who attended the Symposium, the Bilateral U.S.-Arab Chamber of Commerce for hosting the Symposium, and Ernst & Young for their great assistance with the Symposium. Chairman Xu then introduced the origin of JET's efficient ammonia desulfurization technology (EADS) in detail.
JET can recover the investment cost in a short period of time with the sales of ammonium sulfate fertilizer. By 2023, all US coal fired power plants must comply with the Effluent Limit Guidelines as mandated by the US Environmental Protection Agency or they will face the risk of force shutdown. The new wastewater treatment plant is expensive and undoubtedly unbearable for coal plants that are currently in trouble. However, the characteristics of JET's ammonia desulfurization technology, which has zero wastewater discharge, complies with the current ELG regulations, allowing coal-fired power plants to avoid large waste water capital investments.
The speech of Chairman Xu was well received and highly complimented by the guests.
Mr. Bradley Scott, COO of JET explained the business model of JET in the United States after Chairman Xu's speech. Mr. Scott explained JET's Build, Own and Operate (BOO) business model for the US market, and JET is also actively considering leasing or acquiring US coal power plants.
Afterwards, three experts who visited the JET ammonia desulfurization projects in China were invited on stage for a panel discussion. The three experts were Mr. Ben Albright, former Managing Director of Zimmer Power Plant (the largest single-unit power plant in the United States with a capacity of 1300 MW), Mr. John Malloy, Plant Manager of the Cambria and Colver Power Plant, and Ms. Katherine Dombrowski, Principal Technical Expert with Trimeric Corporation.
The meeting was concluded by Mr. Neil Bush, Independent Director of JET's parent company - JNG Group, Chairman of A&A Consultant, son of the 41st and brother of the 43rd President of the United States. Mr. Bush expressed that the long-term stable development of Sino-U.S. relation is a consensus of the whole society. JET's technology has been applied in more than 300 sets of units, and it is a truly reliable desulfurization technology.
After the meeting, Chairman Xu Junsheng attended a luncheon with the guests and made further communications in the afternoon, addressing every concern held by the guests.
For further details of the Washington D.C. Symposium, please kindly see JET's full report at http://jet-inc.com/news/jet-technical-symposium-was-successfully-held-in-washington-d-c
SOURCE Jiangnan Environment Technology Inc
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