CTEI:@.35 ( This may be worth as much as 3 mil rev.
FARMINGDALE, N.Y., Dec 01, 2009 /PRNewswire-FirstCall via COMTEX/ -- Cemtrex Inc. (CTEI, Trade ) announced that it has entered into an agreement with a South American coal mine company to develop, supply and construct a coal mine methane (CMM) project to create carbon credits. This CMM project will be developed under the United Nations Framework Convention on Climate Change's Clean Development Mechanism, and will generate over 100,000 carbon credits per year.
"This CMM project will capture and destroy over 97% of all methane emissions from the coal mines by utilizing various cost-effective technologies," said Mr. Arun Govil, CEO & President of Cemtrex. "We anticipate this project to be operational by the end of 2010."
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.
Think small!
CTEI 02/07/2008 bought 40,000 $0.0085 $27,652.00 7,945.98% $28,000.00
