SulNOx Group PLC Agreement in Ghana for SulNOxEco Fuel Conditioner (7476E)
15 März 2022 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 7476E
SulNOx Group PLC
15 March 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310
15 March 2022
SulNOx Group Plc (the "Company" or "SulNOx")
New Agreement in Ghana for SulNOxEco(TM) Fuel Conditioner
(Aquis Stock Exchange: SNOX)
SulNOx, the fuel decarbonisation specialists, is pleased to
announce new large-scale evaluations of its SulNOxEco(TM) Fuel
Conditioner product in Africa, partnering with Nationwide
Technologies Limited ("NTL"), one of Ghana's leading haulage
companies J. K. Horgle ("JKH"), and several independent
stakeholders in the transport sector.
An initial order of 2,000 litres of SulNOxEco(TM) Fuel
Conditioner, which treats 4 million litres of diesel, has been
purchased demonstrating SulNOx's successful African strategy. NTL
will leverage its longstanding ties with several clients across
multiple countries and sectors with significant fossil fuel
consumption.
NTL is part of the Nationwide Group, one of Ghana's largest
business services groups, operating in a number of industry
segments including the downstream fuel distribution sector and is
also a renowned specialist provider of Fuel Marking solutions
("Nationwide"). NTL has already demonstrated meaningful results
from small scale evaluations of the SulNOx product and is now
embarking on a significant, expanded product validation aiming to
deliver significant fuel cost savings and emissions reductions to
consumers in Ghana. SulNOxEco(TM) Fuel Conditioner will be
validated for use in JKH's large fleet of c.500 articulated trucks
and other vehicles is estimated to save close to $0.25m per annum
when the SulNOx product is adopted across its fleet. Nationwide
also intends to introduce the product to various industries
including mining and shipping in Ghana and the sub-region.
Nationwide will use the SulNOxEco(TM) Fuel Conditioner ordered to
support its marketing efforts.
Nationwide Group CEO, Mr. Frank Osei, said of the partnership,
"As a business focused on providing results driven solutions,
sustainability and decarbonisation are things we care passionately
about. We believe that sustainability is one of the foundations of
successful economic development and as such forms a critical
element of our efforts to minimise the adverse impact of industry.
We are delighted to be expanding our evaluations of the SulNOx
product which could pave the way for significant cost and emissions
reduction in the country."
Ben Richardson, CEO of SulNOx commented, "We are very pleased to
be partnering with Nationwide and helping them tackle some of their
biggest priorities. The climate emergency is a health emergency and
with air pollution killing more people in Ghana than malaria and
AIDS combined, SulNOxEco(TM) Fuel Conditioner is an immediate
solution to dramatically cut deadly particulate matter emissions
currently at 12x the WHO's air quality guideline in Accra. By using
SulNOx in vehicle fleets across the West Africa sub-region, we will
be further demonstrating the global reach, versatility and
importance of our green technologies in providing sustainable
solutions."
With the potential to reduce particulate matter by 50-60% and
greenhouse gases including carbon dioxide by c. 200 grams for every
litre of diesel from using the SulNOxEco(TM) Fuel Conditioner, Dr.
Andrew Boye, Head of Authentication Services at NTL, adds, "We are
really excited about the prospect of the introduction to the market
of the SulNOxEco product as it would help reduce carbon emissions
which is presently quite high. Ghana's capital, Accra, is currently
ranked the 3rd worst polluting city on the continent of Africa. Mr.
Michael Savage, Head of the Fuel Marking and Product Integrity
program at NTL is also optimistic that the partnership with SulNOx
will deliver an efficient and effective product that will help
improve the health and environmental credentials of our industry.
"
- Ends -
For further information please contact:
SulNOx Group plc steven.cowin@sulnoxgroup.com
Steven Cowin, Director
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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