LONDON, Jan. 29, 2007 (PRIME NEWSWIRE) -- CO2 Tech President, Ms. Helga Schotten, today announced the successful completion of the reverse merger with China Energy & Carbon Black Holdings, Inc. ("China Energy"), in which CO2 Tech Ltd. acquired 100% of China Energy. Its trading symbol is now (Pink Sheets:CTTD). China Energy's entire board of directors and management has been replaced in its entirety by CO2 Tech and, furthermore, all of CO2 Tech's assets, business and operations have been merged into China Energy and consequently, China Energy has changed its operating name to CO2 Tech to reflect its newly acquired business operations.
According to latest market reports environmental technologies (ET), commonly referred to as anti-global warming technologies, is one of the fastest growing industry sectors worldwide. The global market for environmental technologies currently is projected to grow from about $400 billion today to approximately $600 billion by the year 2010. The largest world ET markets are the United States, Japan, Europe, Canada, South Korea, the China Economic Area, Brazil, and Mexico. U.S. exports of about $10 billion support some 170,000 U.S. jobs. While the U.S. is a leading producer of ET, it exports only about 6 percent of its ET output; key competitors such as Japan and Germany export more than 20 percent of their output.
"As a publicly traded company, CO2 Tech is now better positioned to utilize the outstanding growth opportunities of the global anti-global warming technologies market. At the same time, we are continuously forging ahead on new developments and technologies, to offer our customers superior solutions to their carbon dioxide and pollutant reduction needs, integrating today's cutting edge technologies and products for more effective and efficient anti-global warming measures," notes Ms. Helga Schotten, President of CO2 Tech.
About CO2 Tech
CO2 Tech, a UK-based company provides cutting-edge, sophisticated anti-global warming technologies along with a full range of expert consulting, and environmental products and services to businesses, industries and governments. CO2 Tech's innovative approach provides high quality, maintenance-friendly system solutions that offer cutting-edge technological developments and outstanding reliability. CO2 Tech has extensive first hand experience with all major air pollution control equipment including air pollution control systems, removal of fine solid particles from gas/air units, evaporator units, reduced CO2 emission units.
CO2 Tech offers its customers the benefits of its cutting-edge technological products, proprietary innovations and rich experience in industrial applications of control equipment, with petroleum, factories, mining, metals, boilers, glass, chemicals, woodworking, quarries, textiles and most other heavy industries. CO2 Tech fosters strong partnerships and alliances with leading environmental engineering companies and research institutions worldwide to develop, manufacture and market high-quality instruments, systems, and services for its clients.
You are invited to learn about CO2 Tech and the full range of its technologies and services at our website http:/www.co2-tech.com.
For more information, please contact info@co2-tech.com or visit us on the web at http:/www.co2-tech.com.