$CETX Looks to Tap New Market By Turning #AGW #GreenhouseGas Into #Graphene
FARMINGDALE, NY, Sept. 12, 2016 – Global climate change is back in the headlines, led by the Paris climate agreement deadline approaching and news that this year is going to be even hotter than the record-setting heat in 2015, which was hotter than the record set in 2014. China and the United States, the two biggest air polluters in the world, recently agreed to lead by example by ratifying the Paris agreement in the battle to combat global warming by reducing greenhouse emissions. The world’s two biggest economies pledging to, as President Obama puts it, “put your money where your mouth is,” makes it even more likely that the Paris agreement will be put into effect. President Obama and China President Xi Jinping putting other differences aside and vowing to act as ambassadors for slowing global warming is a big step in the right direction towards getting a requisite of 55 countries representing 55 percent of global emissions to ratify the Paris agreement.
If put into force, the agreement will mean that roughly 200 countries worldwide will work united to slash emissions and meet the goal of maintaining temperatures below 1.5 degrees Celsius above pre-industrial levels. This will truly take worldwide cooperation and necessitate the sharing of technological advancements (and wealth) globally for the good of future generations.
The U.S. and China have already curbed coal consumption as a means to lower greenhouse gas pollution, but make no mistake, both countries still rely on coal for power generation.
While it is certainly fair to point a demonstrable finger at coal as a leading culprit in greenhouse gases, different countries face various challenges. For example, Canada generates 44 percent of its greenhouse gases in the industrial sector, which includes oil and gas production and refining. For most developing markets, such as India and Southeast Asia, coal, as an affordable product for dependable energy production, is now and for the foreseeable future will remain the only viable option.
To that point, it’s necessary to use technology to make the dirty energy source cleaner.
Saagar Govil, CEO at Cemtrex Inc. (NASDAQ: CETX), sees an opportunity to capitalize on a growing greenhouse gas reduction market and has kept the diversified company’s Industrial Products & Services division squarely focused on the $47 billion air pollution control industry. Amongst other products and services for commercial and industrial applications, the IPS unit provides monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and greenhouse gases used in carbon trading globally.
In particular, a large market opportunity exists for Cemtrex’s VAMOX methane abatement technology. Moving in lockstep with tightening regulations, the market could be catalyzed by leading countries working to implement cap and trade programs to reduce harmful emissions. As countries like China, who has long been criticized for being unreceptive to changing emissions regulations, turn to cap and trade, it’s probable that other countries, the U.S. not withstanding, will follow. With VAMOX, Cemtrex boasts being one of only two companies in the world with carbon-capture technology succinctly aligned with cap and trade programs and the Paris agreement.
At $2 million per VAMOX system and with thousands of potential installations worldwide, Govil says it is a multi-billion-dollar opportunity for Cemtrex.
For the future, Cemtrex is looking beyond monitoring and reducing greenhouse gases to strengthen its foothold in the sector. Late in July, the company disclosed a new initiative to set up a research pilot plant for the production of graphene by isolating carbon dioxide from flue gases at its Farmingdale, NY facility.
In the simplest sense, graphene is a single layer of carbon atoms. A million times thinner than a piece of paper, it’s so thin that it is considered to be the first two-dimensional material ever, yet stronger than diamond and more conductive than copper. Discovered just over a decade ago, graphene is hailed as a super-material with infinite potential applications in electronics, communications, lubricants and much more.
Cemtrex initially plans on researching new concepts to generate graphene nanoparticles while capturing Sulfur dioxide, nitrogen oxides and carbon dioxide from flue gases (gases from furnaces, boilers, generators, etc. exhausted into the atmosphere). Ultimately, what Cemtrex is aiming to accomplish is capturing pollutants and repurposing the carbon into what is arguably the world’s most advanced material.
“We want to have a stake in the production of the graphene nanoparticles and are looking at ways to accomplish this, using sustainable and ecofriendly methods,” said Sagaar Govil in the news announcement of the upcoming research.
The U.S. Energy Information Administration estimates that coal-fired global electric production in 2040 will likely rise 23 percent from 2012 levels. Despite best efforts, some countries turning away from nuclear power due to disastrous accidents and others that simply can’t afford the cost and possible intermittent nature of renewables underscore the rise in coal usage. With that in mind, the world will be best served to employ innovation to control greenhouses gases, especially those that can take carbon emission and turn it into something productive. Cemtrex hopes to commence its pilot project by mid-January.
To learn more about Cemtrex, visit the corporate website at www.cemtrex.com.
Financial Press Media Group, Inc. is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets, specific industries and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure.
Legal Disclaimer: Financial Press Media Group, Inc. is not registered with any financial or securities regulatory authority and does not provide, nor claims to provide, investment advice or recommendations to readers of this release to buy, sell or hold any securities. Investing intrinsically involves substantial risk and readers are reminded to consult an investment professional and complete their own due diligence, including SEC filings, when researching any companies mentioned in this release. This release is based upon publicly available information and, while vetted, is not considered to be all-inclusive or guaranteed to be free from errors. With respect to Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader’s attention to the fact that Financial Press Media Group, Inc. has received compensation from the companies mentioned in this release.
TraderPower Featured Companies
Top Small Cap Market News
- $SOBR InvestorNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Closes on $8.2M Private Placement
- $CLNN InvestorNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces Participation at Two Upcoming Investor Conferences
- $ATBHF Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Present at This Month’s Congenital Heart Surgeons’ Society Annual Meeting
- $LEXX InvestorNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Begins Subject Dosing in Human Pilot Study #3 Evaluating Oral DehydraTECH-Processed Tirzepatide
- $FSTTF InvestorNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information on the PyroDelta Thermoelectric Generator, Relationship with Subsidiary
- $TMET.V Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts
- $RFLXF JPMorgan Executive Says US Backlash Against ESG Is Exaggerated
- $SFWJ InvestorNewsBreaks – Software Effective Solutions Corp. (d/b/a MedCana) (SFWJ) Releases Report on Series of Acquisitions, Multiple Cannabis Licenses
- $EAWD IEA Hosts G20 Ministers, Influential Personalities to Discuss Clean and Affordable Energy Transition
Recent Posts
- $EAWD IEA Hosts G20 Ministers, Influential Personalities to Discuss Clean and Affordable Energy Transition
- $SFWJ InvestorNewsBreaks – Software Effective Solutions Corp. (d/b/a MedCana) (SFWJ) Releases Report on Series of Acquisitions, Multiple Cannabis Licenses
- $RFLXF JPMorgan Executive Says US Backlash Against ESG Is Exaggerated
- $TMET.V Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts
- $FSTTF InvestorNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information on the PyroDelta Thermoelectric Generator, Relationship with Subsidiary
- $LEXX InvestorNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Begins Subject Dosing in Human Pilot Study #3 Evaluating Oral DehydraTECH-Processed Tirzepatide
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Present at This Month’s Congenital Heart Surgeons’ Society Annual Meeting
- $ATBHF Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program
Recent Comments
Archives
- October 2024
- January 2023
- June 2022
- December 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009