May 28 2008
Cemtrex Inc. has become an associate member of the Chicago Climate Exchange (CCX(R)), the world's first and North America's only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system.
CCX is a financial institution whose objectives are to apply financial innovation and incentives to advance social, environmental and economic goals. CCX operates a cap-and-trade system. Members who beat the targets have surplus allowances to sell or bank, and those who have emissions above the targets must purchase CCX Carbon Financial Instrument contracts to achieve compliance. Third-party verification is provided by the Financial Industry Regulatory Authority (FINRA), which is the leading financial regulator in the United States.
By joining the CCX, Cemtrex has further strengthened its commitment to developing turnkey projects that allow its customers to create and monetize carbon assets and provide consulting services on projects for generation of Carbon credits from reduction of greenhouse gases, energy efficiency and alternative fuels. Cemtrex will now be able to assist project owners in trading carbon credits globally.
Cemtrex is also engaged 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. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.