SulNOX Group [AQSE:SNOX] is a greentech company which specialises in providing responsible solutions to fossil fuels through the decarbonisation of liquid hydrocarbon fuels. Its fuel additives are unique and made from natural, biodegradable ingredients, to emulsify water, and increase the lubricity and oxygen available to the fuel.
SulNOX says that the adoption of its fuel can make a real contribution to air quality, the climate change debate and save users money at the same time. Since inception in 2013, the company has developed patent pending proprietary technology that now applies to over 70% of every barrel of oil.
The market size for the group’s products is now estimated at over 11 billion litres of petrol, diesel and heavy fuel oil every day. SulNOX says it is aiming to become the energy transition stock that immediately delivers on the aspirations of global corporations and politicians who want to move to net zero emissions by 2050.
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During 2022 the company matured significantly, with sales nearly doubling from GBP 17,900 in 2021 to £33,500 last year. It is now selling its products in 2 countries to around 90 clients.
Last month SulNOX announced that holding company Tergeo had become a major shareholder after a series of off-market transactions. Tergeo is in turn owned by the family office of Constantine Logothetis, and now controls slightly over 10% of SulNOX.
“We aim to leverage our world-wide network particularly in energy and shipping, to grow SulNOx’s revenues, investor base, brand, and market presence,” said Logothetis. “At a time when the world is becoming increasingly focused on the climate crisis and promoting sustainability, SulNOx provides users with considerable cost savings alongside emissions reductions, making its offer attractive to a myriad of industries with no viable opportunities to transition in the short term.”
Logothetis comes from shipping stock himself, starting his career with Lomar Shipping in 2000, and oversaw the diversification of the Libra Group into sectors outside shipping, including hospitality, and significantly, renewable energy. He was able to see the immediate applications for SulNOX fuels in the shipping sector.
New patents for SulNOX in Europe and USA
SulNOX has been pushing ahead on the patents front: it has secured a US patent that covers a range of formulation versions that can enhance all diesel, petrol/gasoline and biofuels. It also scored a European patent in April. The scale of the North American market has always made this a critical stepping stone for SulNOX.
The US is the largest contributor to global transport emissions and the recent announcement of remarkable reductions in black carbon/particulate matter is well timed to add validation for the SulNOX offering, and provides added impetus to the company’s efforts to expand sales into this important market.
Another shot in the arm for SulNOX has come from Green Sea Guard, an independent maritime organisation that undertakes emissions telemetry and analysis, helping engine operators to monitor and understand the emissions profile of their engines. Green Sea Guard have been involved in assessing many fuel products over the years, but said that the SulNOxEco Fuel Conditioner is “truly remarkable” as they found a 6,200-fold reduction in particulates in its analysis over hundreds of data points.
This remarkable reduction in particulate matter emissions and the inferred fuel consumption reductions have enormous significance for SulNOx revenues in the shipping sector. Even a 5% fuel saving for a shipping company is a potential game changer for their profitability, while also giving them a significant competitive advantage in the shipping market.
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