Cemtrex Expanding into Ventilation Air Methane Carbon Credits Market
FARMINGDALE, N.Y., June 12 /PRNewswire-FirstCall/ -- Cemtrex, Inc. (OTC: CTEX) announced that it is involved in Ventilation Air Methane (VAM) projects for generation of carbon credits in various parts of the globe. Coal mine emissions of methane, a greenhouse gas with global warming potential of 21 times the carbon dioxide, can be used to generate carbon credits. Ventilation air streams in underground coal mines range from 50 to 500 cubic meters per second with methane concentrations ranging from 0.1% to 1.0%. "A VAM project of 100 cubic meters per second capacity can generate approx. 300,000 tons of carbon credits per year," said Mr. Aron Govil, CEO & President of Cemtrex. "We are able to provide turnkey services to our clients by partnering with companies that provide energy efficient oxidation technologies," continued Mr. Govil. Cemtrex is engaged in manufacturing and selling the most advanced and custom engineered equipment & systems for emission monitoring markets and carbon credits. Company's products are sold to power plants, refineries, chemical plants, cement plants & other industries including federal and state Governmental agencies. Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to Kyoto protocol. 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: Cemtrex, Inc. 19 Engineers Lane Farmingdale, NY 11735 URL: http://www.cemtrex.com Email: email@example.com Direct: (516) 816-1400 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Cemtrex, Inc.
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