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Cemtrex Targeting Ventilation Air Methane Carbon Credits Market

Posted on: Tuesday, 19 May 2009, 09:00 CDT

FARMINGDALE, N.Y., May 19 /PRNewswire-FirstCall/ -- Cemtrex, Inc. (OTC: CTEI) announced that it is expanding its marketing activities in Ventilation Air Methane (VAM) for generation of carbon credits.

When coal is formed in the mines, so is methane. When the coal is excavated, methane is released and since methane in concentrations of 5-15% is explosive, it is diluted to levels 0.2-1.0% with ventilation air as a safety measure. This very large volume of ventilation air with extremely low methane content has been difficult to capture and hence been releasing to the atmosphere. Coal mine emissions of low-level ventilation air methane can be used to generate carbon credits. Methane is a greenhouse gas with global warming potential of 21, meaning that one ton of methane will cause the same amount of global warming as 21 tons of carbon dioxide (21 equivalents CO2). One ton of carbon dioxide captured results in one carbon credit.

Cemtrex is now marketing a low-level Methane Catalytic Destruction Reactor (MCDR) unit for coal mines. A single full-scale Cemtrex MCDR unit can destroy approximately 5000 tons of low-level methane and generate 90,000 carbon credits per year along with production of pollution-free thermal energy. It will require 48,000 Cemtrex MCDR units to treat all the low-level methane from all US coal mines. "Based on approximate cost of $3 million per MCDR unit, it would take 3-4 years to pay back for a typical single unit investment from the sale of carbon credits generated," said Mr. Arun Govil, CEO & President of Cemtrex. "Other units in the market cannot handle low-level methane concentrations and are more expensive, hence we offer a combination of technology and investment return that cannot be duplicated in today's market," continued Mr. Govil.

The United States is the second largest coal producer in the world and has more than 600 active and 7582 abandoned mines that release low-level methane to the atmosphere. Every year 500 billion cubic feet of methane are released from coal mines around the world to the atmosphere, with the potential to generate 250 million carbon credits and 64 million Mega Watt hours (MWh) per year of energy. Global methane released by coal mining will rise more than 50% by 2020, representing 950 million tons of equivalent CO2 per year.

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.

Contact Information: Arun Govil Cemtrex T: 631-756-9116 agovil@cemtrex.com http://www.cemtrex.com

SOURCE Cemtrex, Inc.

Source: PR Newswire

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