Clean Energy Technologies Announces Natural Gas Sales Agreement with China Resources (Holdings) Co., Limited
COSTA MESA, CA., Aug 21, 2023 — Clean Energy Technologies, Inc. (Nasdaq CETY) (“CETY” or the “Company”), a clean energy manufacturing and services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia today announced that it has entered into 3 sales agreements with 3 subsidiaries of China Resources (Holdings) Co., Limited (“China Resources”), ranked 74 in the 2023 global Fortune 500 rankings.
As CETY has demonstrated itself as an established supplier of natural gas with its pipeline investments and supply allocation, China Resources, a conglomerate with business units ranging from consumer products, real estate, and pharmaceuticals, to energy, authorized CETY as a qualified supplier of natural gas to its subsidiaries in the Dazhou City region in China to fulfill their potential upstream shortfall. CETY will supply natural gas to the subsidiaries of China Resources on an on-demand basis until March 31, 2024. This business relationship with China Resources is expected to open many cross-selling opportunities for CETY’s clean energy products and solutions furthering CETY’s strategy to penetrate China’s waste-to-energy and waste heat recovery markets.
About Clean Energy Technologies
Headquartered in Costa Mesa, California, Clean Energy Technologies (CETY) is a rising leader in the zero-emission revolution by offering recyclable energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company’s principal products are Waste Heat Recovery Solutions using our patented Clean Cycle TM generator to create electricity. Waste to Energy Solutions converting waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions providing expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies. Clean Energy Technologies (H.K.) Limited (CETY HK), our wholly owned subsidiary manages our NG trading operations in China to source and supply Natural Gas to industries and municipalities located in China.
For information on CETY’s corporate structure refer to the Company’s 10K for the fiscal year ended December 31, 2022 located on the website of the Securities and Exchange Commission at www.sec.gov.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Investor Relations Contact:
Clean Energy Technologies, Inc.
2990 Redhill Avenue
Costa Mesa, CA 92626