LIVERPOOL, N.Y., Oct. 1, 2014 -- Griffin Filters, a subsidiary of Cemtrex Inc., announced today that they have seen a growing demand for industrial air filtration directly attributable to the oil and gas boom currently taking place in the United States due to hydraulic fracturing technologies.
Some studies estimate that the Hydraulic Fracturing proppants industry will continue to grow at 8-9% per year. According to a Morningstar report, the United States is still by far the largest supplier of premium sand with 30 million tons currently used per year and 3.5 million tons in Canada with the market expecting double-digit growth in 2014. The growing demand for silica sand and proppants has resulted in supply shortages and logistical challenges.
The processing of the frac sand results in air pollution, including post wash drying of the sand, screening, loading and unloading of railcars, barges and trucks. The silica and fugitive dust particulate emissions are controlled by the high efficiency proprietary baghouse filters which Griffin Filters provides for maximum control. Griffin bag filters decrease safety concerns for the operators of the frac sand trucks through elimination of dusty, hazardous breathing conditions. Griffin Filters has seen that the frac sand mining industry along with the logistics trans-load points as a major growth area for its baghouse filters.
CEO of Griffin Filters, Saagar Govil, commented, "After receiving several significant orders and now with increasing inquiries in this market we see this as a strong market for the next few years as the oil & gas boom continues in the US. With strong relationships with many customers in this space and a considerable history of providing durable, efficient industrial air filtration systems we are confident we can grow in this space."
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:
Contact: Saagar Govil