SulNOx Group PLC Wide-Range MOU with Rompetrol Integrated Services (3484Y)
06 September 2022 - 8:00AM
UK Regulatory
TIDMSNOX
RNS Number : 3484Y
SulNOx Group PLC
06 September 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
6 September 2022
SulNOx Group Plc (the "Company" or "SulNOx")
Momentous and Wide-Ranging MOU with Rominserv - Rompetrol
Integrated Services
(Aquis Stock Exchange: SNOX)
The board of directors of SulNOx (the "Board") is excited to
announce a significant collaboration agreement with Rominserv, part
of the Rompetrol Group. The memorandum of understanding ("MOU") is
our first large scale agreement with a major petroleum company.
Rompetrol is a crude oil development company, producer, and
refiner based in Romania. It also markets and distributes refined
petroleum products through its chain of over 1,100 gasoline and
diesel fuel stations in Romania, Georgia, Bulgaria, Moldova, France
and Spain, including those under the Dyneff brand. Rompetrol has
operations in 12 countries with c. $4.6 billion in revenues in
2021.
Under the MOU, SulNOx will initially review and provide advice
for the use of SulNOx products within the Rominserv refinery
processes involving, but not limited to:
-- The use of Heavy Fuel Oil ("HFO") in burners;
-- Tank cleaning and waste oil processes at its refineries;
-- Development of new and enhanced "green" Marine Gas Oil ("MGO") product offerings; and
-- Green Fuel additives.
Ben Richardson the CEO of the SulNOx Group commented, "As the
first significant petrochemicals company to work with SulNOx, we
are genuinely thrilled by this collaboration agreement with
Rominserv . I applaud the Rompetrol management team for looking to
SulNOx green technologies to develop solutions to benefit a
consumer base which is increasingly demanding greener fuels."
- 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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