Cemtrex Expanding into Energy Efficiency Carbon Credits Market
2006年10月27日 - 12:00AM
PRニュース・ワイアー (英語)
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 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: Cemtrex, Inc. URL:
http://www.cemtrex.com/ Email: Aron Govil, CEO @ (516) 816-1400
This release was issued through eReleases(TM). For more
information, visit http://www.ereleases.com/. DATASOURCE: Cemtrex,
Inc. CONTACT: Aron Govil, CEO, Cemtrex, +1-516-816-1400 Web site:
http://www.cemtrex.com/
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