Japan’s Kawasaki Heavy Industries and China’s Anhui Conch Group will set up a fifty-fifty joint venture to make boilers for power generation utilizing exhaust heat.
The joint venture between a Kawasaki Heavy unit, Kawasaki Plant Systems Ltd., and the largest cement producer in China is expected to spend around 100 million yuan (US$17m) for the project, the sources told local press.
The joint venture, which is expected to be capitalized at some 40 million yuan, will produce boilers that generate power using heat exhausted from cement production. Demand for waste heat power generation is expected to grow in China, where the government encourages energy-intensive industries like cement makers and steelmakers to save energy.
Kawasaki Plant Systems and Anhui Conch Group have already established a joint venture to design waste heat power generators.
Whether the new company will establish a new plant or use Anhui Conch’s existing plant has not been decided, the sources said.