Cemtrex to Pursue CDM Projects in China
19 Dezember 2006 - 4:00PM
PR Newswire (US)
FARMINGDALE, N.Y., Dec. 19 /PRNewswire-FirstCall/ -- Cemtrex Inc.
(OTC:CTEX) announced today that it will be pursuing Clean
Development Mechanism (CDM) projects in the areas of greenhouse
gases abatement and energy efficiency in China. Since China
ratified the Kyoto Protocol, the Chinese agencies have been working
to define and develop programs to reduce carbon emissions in
cooperation with international partners under the Clean Development
Mechanism (CDM) emissions reductions trading program. China's State
Development and Planning Commission (SDPC), Ministry of Science and
Technology (MOST), State Economic and Trade Commission (SETC) and
Ministry of Foreign Affairs (MFA) have spelled out draft guidelines
for a National CDM Management Office. "As of May 2006, China has
only seven projects registered with the CDM Executive Board, out of
a total of 150 registered projects worldwide," said Mr. Aron Govil,
President & CEO of Cemtrex. "We plan to pursue CDM projects in
coal-bed methane technology, reduction of CO2 emissions from
coal-fired utility boilers, and renewable energy diversification."
Cemtrex provides turnkey services for carbon creation projects from
abatement of greenhouse gases pursuant to the Kyoto Protocol and
assists project owners in the buying and selling of carbon credits
globally. Cemtrex through its MIP division is engaged in
manufacturing and selling the most- advanced and custom-engineered
instruments for emission monitoring. 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. 19 Engineers Lane Farmingdale, NY 11735 URL:
http://www.cemtrex.com/ Email: (516) 816-1400 This release was
issued through eReleases(TM). For more information, visit
http://www.ereleases.com/. DATASOURCE: Cemtrex Inc. CONTACT:
Cemtrex Inc., +1-516-816-1400, or Web site: http://www.cemtrex.com/
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