Recon Awarded New Contract to Provide Gas Flares for Oil and Gas Fields in China

In total, Beijing BHD has generated RMB8.50 million ($1.22 million) in revenue from awarded bids and contracts for heating furnaces and related accessories since July 2022.

Pursuant to the recently awarded contract, the equipment to be supplied by Beijing BHD will be mainly used to manage volatile organic compounds (VOCs), or organic chemicals that have a high vapor pressure at room temperature.

Emission of VOCs from crude oil processing are known to adversely affect both the human health and the environment. VOCs can escape during various stages of crude oil processing, from extraction to refinery; thus the crude oil industry is recognized as one of the major sources of VOC releases into the environment, which makes their control and management important.

Shenping Yin, Founder and CEO of Recon commented: "We are glad to report on further business progress on our operation in China following last week's announcement about new contracts gained from our long-term clients and partners. This is a recognition that serves as a testament to the challenging and inspiring work our team members do every day. We are happy to see that our efforts are proven productive and will strive to keep and grow our great work in the coming year."