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Cemtrex Sees Growth Opportunities from EPA Ruling on Greenhouse Gases

 

FARMINGDALE, N.Y., Dec. 9 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC: CTEI) is very optimistic about growth opportunities resulting from the Environmental Protection Agency's (EPA's) long-anticipated ruling on December 7 that greenhouse gases threaten public health, and the administration shall regulate smokestack and tailpipe emissions of greenhouse gases. Any new legislation from EPA could force the automotive industry and the utilities that burn coal, oil and natural gas to take drastic steps and cut their emissions. These regulations shall commence the process of requiring them to spend billions of dollars on technologies and systems to slash greenhouse gas emissions including carbon dioxide, methane, and nitrous oxides.

Some experts believe that the EPA ruling, coming near the start of the international climate change conference now underway in Copenhagen, Denmark, signals to other conference participants that the U.S.A. can now control emissions whether or not the Congress imposes any legislative limits.

"These EPA regulations shall now regulate millions of carbon dioxide emitters, ranging from office buildings to hospitals that burn natural gas for heating and coal mines that discharge methane into the atmosphere," said Mr. Arun Govil, CEO & President of Cemtrex Inc. "This would give a tremendous boost to our energy efficiency products that lower energy usage, such as green-DCV and MCDR units that capture methane from coal mines to generate heat and create carbon credits," continued Mr. Govil.

"Preliminary pilot plant tests on our carbon capture technology for power plants have shown tremendous promise," said Mr. Metodi Filipov, Vice President of Cemtrex Inc. "We are conducting further tests and are confident that we can soon have a viable carbon capture technology that would only add no more than 2 cents per kilowatt-hour to the cost of power generation," continued Mr. Filipov.

Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. and filtration products for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems. Cemtrex provides technologies and services for abatement of greenhouse gases pursuant to the Kyoto protocol and assists customers in creating and selling carbon credits from such projects. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.

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:

Arun Govil
Cemtrex Inc.
Email: agovil@cemtrex.com
http://www.cemtrex.com

SOURCE Cemtrex Inc.

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