FARMINGDALE, N.Y., Oct. 26 /PRNewswire-FirstCall/ -- Cemtrex, Inc.
(OTC: CTEX) announced today that the Company is expanding its scope of
activities in the carbon credits market to include energy efficiency
projects. Energy efficiency projects characterized by reduction in energy
inputs and emissions include: refurbishment of power plants, combined cycle
turbines, improvements of heating plants, process heat recovery, and
facility space heating and lighting.
"More than ever, companies are facing increased competitive pressures
to produce high-quality products at lower cost and where energy is a
significant cost component, companies will need to bring energy costs in
line with best practice standards," said Mr. Aron Govil, CEO & President of
Cemtrex. "If assessed and implemented properly, the returns from energy
efficiency investments can be high and the technical risks relatively low
and these energy efficiency projects once implemented will bring an average
5-20% overall reduction in energy consumption, thus providing subsequent
CO2 emission reductions."
Carbon credits are emission offsets, per the Kyoto Protocol, that are
generated from energy efficiency projects which displace carbon emissions
from traditional fossil fuel sources like coal, oil or gas with the
subsequent reduction in greenhouse gas emissions. Companies, agencies and
governments buy, sell, bank and trade carbon credits called Certified
Emission Reductions or CERs. The Kyoto Protocol, adopted in 1997, went into
effect on February 16, 2005. The agreement legally binds participating
industrialized countries to reduce their emissions of greenhouse gases
during the five-year commitment period of calendar years 2008-2012 as
compared to baseline emissions in the year 1990. The Protocol does not set
limits on the greenhouse gas emissions of developing nations. So far, the
agreement has been ratified by 141 countries, representing over 61% of
global emissions. The U.S. has not ratified the agreement. However, even
though companies in the U.S. are not subject to Kyoto's emission caps, U.S.
companies that operate in nations complying with the Kyoto Protocol do have
to meet those countries' caps.
Cemtrex is engaged in manufacturing and selling the most advanced and
custom-engineered instruments for emission monitoring. The Company offers a
complete range of Process and Air Emissions monitoring instruments and
software for all pollutants regulated by the EPA, including dust, opacity,
CO2, O2, SO2, NOx, CO, flow, moisture, ammonia, mercury and hydrocarbons.
Cemtrex also provides turnkey services for carbon creation projects from
abatement of greenhouse gases pursuant to the Kyoto Protocol. The Company's
products are sold to power plants, refineries, chemical plants, cement
plants and other industries, including federal and state governmental
Safe Harbor Statement
This press release contains forward-looking statements. Actual results
could differ materially from those projected in the forward-looking
statements as a result of a number of risks and uncertainties. Statements
made herein are as of the date of this press release and should not be
relied upon as of any subsequent date.
For further information please contact:
Aron Govil, CEO @ (516) 816-1400
This release was issued through eReleases(TM). For more information,
SOURCE Cemtrex, Inc.