SulNOx Group PLC SulNOx diversifies into demulsification market (4043Y)
May 04 2023 - 2:00AM
UK Regulatory
TIDMSNOX
RNS Number : 4043Y
SulNOx Group PLC
04 May 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
4 May 2023
SulNOx Group Plc (the "Company" or "SulNOx")
SulNOx diversifies and secures first revenues in multi billion
Dollar demulsification market
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board") is
pleased to announce that SulNOx has diversified into an entirely
new market for its patented proprietary chemistry. Working with
Cleaner Fuel Solutions Pty Ltd ("CFS") in South Africa, Sulnox has
helped reduce the processing time and efficiency of recovering
valuable oil from what is otherwise a toxic waste, with a lot of
challenges and costs for disposal. This reduction in the time it
takes to separate the water and oil offers huge environmental
benefits and significant opportunities for operators in the ports
around the world.
Following a program which included laboratory demonstration,
small batch processing, and a laboratory scale proof of concept
flow process, CFS have now begun construction of their first pilot
production plant close to the port of Durban in South Africa. CFS
has purchased 1 x IBC ( Intermediate bulk container) 950Kg of Berol
6446, capable of processing circa 400,000L of waste oil, to be used
during the commissioning phase of the pilot plant. This pilot plant
has an initial capacity of 600,000L per month.
Dr Neil Roussouw of CFS, a chemical engineer, former senior
lecturer at the University of Pretoria and a specialist in water
recovery and management stated: "We are pleased to be moving into
the production phase of this project. The most compelling feature
of SulNOx products is the efficient way they accelerate the
separation of the oil and water phases. Extensive trials with the
product over the last 6 months have led to the development of a
process delivering consistent results. We look forward to
commissioning this new plant and scaling up production over the
coming months."
Mr. Shane Nienaber of Fuel Fusions SA, also based in the
province of Kwa Zulu Natal, and independent distributors for SulNOx
products in South Africa stated, "SulNOx products are now becoming
firmly established in South Africa and with the opening of this
waste oil recovery plant, entering into an additional market which
is global in nature, with a planned rollout program to all the
major ports in South Africa over the coming year, and further
around the African, Middle Eastern and Indian coasts over the next
3 to 5 years."
Jimmy Redman, Inventor of SulNOx products and Managing Director
of SulNOx Fuel Fusions Ltd. stated, "It is most satisfying to work
with the CFS experts and their application and processes, developed
from our patented formulations. We look forward to their expansion
plans, with the demulsification market representing significant,
repeat, global revenue opportunities for SulNOx as a fast-growing
global market already worth $2.1Bn pa in 2021 and forecast to grow
at +4% pa to $3.1Bn in 2030, according to Verified Market Research
, (
https://www.verifiedmarketresearch.com/product/demulsifiers-market/
)"
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, CFO
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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