FARMINGDALE, N.Y., April 1, 2011 /PRNewswire/ -- Cemtrex Inc. (OTC: CTEI) announced today that the EPA is expected to issue new regulations for air pollution emissions from electrical generating units (EGUs) based upon the Maximum Achievable Control Technology (MACT) provisions of the Clean Air Act Amendments in March 2011. The final regulations should be promulgated by November 2011 and then power plants will have 36 months to comply.
This final rule covers nearly all boilers that burn coal, oil, or biomass, or non-waste materials, but exempts boilers that burn only gaseous fuels or any solid waste. According to EPA estimates, there are about 187,000 existing area source boilers at 92,000 facilities and about 2,400 new area source boilers will be installed over the next 3 years. The vast majority of area source boilers shall have to comply with this MACT regulation.
"With this new rule we anticipate an enormous increase in the opportunities for Cemtrex to pursue in the domestic market," said Saagar Govil, Vice President of Operations at Cemtrex. "By our estimates, we think there will be at least 2000 CEMS (Continuous Emission Monitoring Systems) opportunities over the next three years as a result of this new EPA standard, which we are working hard to capitalize on," continued Mr. Govil.
Cemtrex has a complete suite of analyzers and reporting systems for facilities to utilize to meet EPA requirements of this rule. Cemtrex's Boiler Compliance System consists of Mercury, Hydrochloric Acid, Particulate Matter, and Carbon Monoxide, which has been combined in an innovative system specifically for these compliance requirements.
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, a 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.
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SOURCE Cemtrex Inc.