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:
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SulNOx Group plc
Steven Cowin, CFO
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steven.cowin@sulnoxgroup.com
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Allenby Capital Limited
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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Tel: 020 3328 5656
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