2 July 2024
SulNOx Group Plc
(the "Company" or "SulNOx")
(Aquis Stock Exchange:
SNOX)
Indonesia patent
granted
SulNOx, the Greentech
innovation company helping industry reduce emissions, lower fuel
costs and meet sustainability targets, is pleased to
announce that it has secured a further significant patent in
Indonesia.
Consistent with patents for the US,
Europe, Eurasia, Georgia, South Africa, Hong Kong and China already
granted to SulNOx, this latest patent covers a range of formulation versions which includes both the
Berol® 6446 Heavy Fuel Oils (HSFO) emulsifiers and SulNOxEco™ Fuel
Conditioners which enhance all diesel, petrol/gasoline and
biofuels, Very and Ultra Low Sulphur Fuel Oils (VLSFO/ULSFO) and
other lighter marine fuels.
Indonesia is an important market for
SulNOx as it extends its reach among global customers across
several industry sectors including mining,
marine, oil & gas, transportation and offshore
companies. Its population of more than 275
million is the world's fourth largest, with car ownership growing
and a retail market already serviced by SulNOx master distributor
A&S International through its distribution network.
Indonesia is a global player in
mining, estimated by the U.S. Department of Commerce to supply more
than a quarter of the world's mineral supply. In addition,
Indonesia is one of the largest maritime countries in the world,
with key port cities Jakarta, Surabaya and Medan leading out of
more than 2,000 ports throughout its 17,000 island
archipelago. Worldoils Pte Ltd is already
actively promoting SulNOx products with strong interest from
several large Indonesian shipping companies.
Ben Richardson CEO
of SulNOx Ltd. commented:
"Indonesia is a major addition to our growing patent estate,
representing a huge potential market for SulNOx across a variety of
sectors and use cases. Alongside our strong partnerships for
distribution in the region, this exciting new development equips us
well to grow our revenue pipeline and address very significant
client opportunities with immediate effect."
ENDS
For further information please contact:
|
SulNOx Group plc
Steven Cowin, CFO
|
steven.cowin@sulnoxgroup.com
|
|
Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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Tel: 020 3328 5656
|
