Cemtrex signs agreement to market ROI systems in refinery applications

Source: Cemtrex Inc.

Cemtrex Inc. CTEI -7.22% , a global player in gas and process analysis systems, announced the signing of a Representative Agreement with Modcon Systems, a world leader in NIR and NMR Analyzer systems for the petroleum industry.

In the advent of recent potential from the oil and gas industry in North America, Cemtrex, as part of its on-going expansion and diversification plans, is now marketing NIR and NMR Analyzer systems with a unique value proposition to monitor and control oil refinery process to maximize profits for the facility owners. In the next three years it is anticipated that around 300 refining operations will modernize their process by implementing online real-time monitoring solutions, particularly in the Gulf region in the U.S. as they have the access to cost-effective crude and a market very conducive for the refiners. They have opted to upgrade their process to minimize cost of operation and to maximize high-value distillation products for the world market.

Greg Shahnovsky, CEO of Modcon, commented on the potential of the North American market through this joint initiative. He said, "By bringing in the latest technology from Modcon and joining with Cemtrex's systems expertise and existing relationships with customers in the market we are excited about this mutually beneficial opportunity with Cemtrex. Our powerful technologies in NIR and NMR systems have already been established at several refineries in Israel, Russia and other oil-rich markets worldwide and now we aim to penetrate the North American market with Cemtrex."

Ravi Narayan, Vice President at Cemtrex, while discussing the agreement, said, "We see great potential for this new and unique technology that Modcon has developed. We do a lot of business with some of the largest oil and gas companies and Modcon's products have an opportunity to provide these facilities with paybacks of six months or less at current oil prices. We see this as a potentially $200 million market in the next few years by offering online multiplexed fiber optic based NIR analyzer systems and state-of-the-art NMR analyzer systems for crude oil processing, distillation and blending applications in the wide range of refining market."

About Modcon
Modcon Systems specializes in performing process control automation, instrumentation and analyzer projects with turn-key delivery, support and training, since 1972. Modcon Systems is a key player in On-line Process Analyzers and Systems, Process Control & Automation, SCADA and Industrial Network Solutions, Environmental Control, and Gas Detectors and Air Pollution Analyzers.

About Cemtrex
Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring products for the industry. Cemtrex also markets gas sensors, gas analyzers, process analyzers in environmental applications. Griffin Filters, a subsidiary of Cemtrex, markets baghouses for dust control applications to help companies meet process requirements and EPA regulations. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.

Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...


Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 08/25/2015 / 12:00 PM Eastern Daylight Time / 11:00 AM Central Daylight Time / 09:00 AM Pacific Daylight Time / 16:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Latest Energy Jobs

View more Job Listings >>