SulNOx Group PLC Lloyd's Register Certifies SulNOx meet ISO 8217 (1281I)
13 April 2022 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 1281I
SulNOx Group PLC
13 April 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
13 April 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Lloyd's Register Certifies that various marine fuels containing
the recommended doses of SulNOxEco(TM) Fuel Conditioner continue to
meet ISO 8217 standards
(Aquis Stock Exchange: SNOX)
The board of the directors of the Company (the "Board") is
pleased to confirm that Lloyd's Register Fuel Oil Bunker Analysis
and Advisory Service ("FOBAS") has carried out an impact assessment
of distillate and residual fuels before and after SulNOxEco(TM)
Fuel Conditioner and certified that the impact of the SulNOxEco(TM)
Fuel Conditioner on ISO 8217 test parameters is minimal and do not
change the fuel characteristics when added to the marine fuel at
prescribed dosage rate.
New certification for widely used marine fuels and potential
solution for imminent regulation:
Six separate fuel samples were tested. Three light, distillate
marine (DM) fuels and three heavier, more viscous residual marine
(RM) fuels, akin to Very Low or Ultra Low Sulphur Fuel Oil
("VLSFO/ULSFO"), previously not independently certified with
SulNOxEco(TM) Fuel Conditioner .
Nicholas Fairfax, Non-Executive Director and Marine lead at
SulNOx, commented, "Lloyd's Register is a highly respected and
trusted international classification society and these results
provide another significant landmark for SulNOx marine.
Fossil-based distillate and residual fuels currently make up
more than 98% of shipping fuel requirements. Very little is
expected to change with 97% fossil-based usage anticipated by 2030
and two-thirds by 2050. Having this certification immediately opens
up long-term sales opportunities practically across the entire
shipping sector and adds significant credibility to the ability of
SulNOx products to play a vital role in decarbonisation."
Ben Richardson, CEO, added, "Due to the massive fuel consumption
and need to reduce emissions at pace, shipping represents one of
our biggest markets. The Carbon Intensity Indicator (CII)
regulation is coming into force in January next year, with the
industry expecting as much as 70% of the global shipping fleet not
being compliant and now urgently seeking solutions to reduce
emissions and fuel consumption. Many ship owners are talking of
having to reduce vessel speeds to become compliant, which obviously
comes at great commercial cost. However, with the proven
improvements in fuel efficiency, power and torque from using SulNOx
in fuels, we offer immediate, green solutions and are already
seeing increased client interest. The Lloyd's Register results,
once again, confirm that there are no technical barriers to
widespread SulNOx adoption in shipping."
- Ends -
For further information please contact:
SulNOx Group plc Tel: 07624 491821
Steven Cowin, Chief Financial
Officer
Allenby Capital Limited Tel: 020 3328 5656
(AQSE Corporate Adviser)
Nick Harriss / John Depasquale
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END
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