SNOX.AQSE

SulNOx Group plc
SulNOx Group PLC - Peninsula adopts SulNOx in super yacht fuels
3rd September 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 5575C
SulNOx Group PLC
03 September 2024
 

 

 

 

3 September 2024

 

Reach Announcement                   

 

 

SulNOx Group Plc (the "Company" or "SulNOx")

 

Peninsula adopts SulNOx in super yacht fuels

 

(Aquis Stock Exchange: SNOX)

               

SulNOx Group PLC ("SulNOx"), the greentech innovation company helping industry reduce emissions, lower fuel costs and meet sustainability targets, is pleased to announce a collaboration with Peninsula Yacht Services ("Peninsula"), a global leader in marine fuel and fuel bunkering services.

 

Peninsula will install a semi-automatic pumping system, for the appropriate dosing of SulNOxEcoTM diesel fuel conditioner to be applied, on the pier of its Gibraltar yacht terminal. The system pre-mixes marine fuels with the SulNOxEcoTM fuel conditioner, dispensing the dosed fuel directly from the Peninsula storage facility into each super yacht as it bunkers.

 

Approval was granted by the Gibraltar Port Authority to install the bespoke, pneumatic pumping system, manufactured exclusively to SulNOx's specifications and believed to be the first of its kind anywhere in the world. Critically, it is APEX compliant, satisfying a set of EU regulations that are designed to ensure the safety of products being used in explosive environments.

 

Peninsula will promote SulNOxEcoTM fuel conditioner, which reduces fuel consumption and both greenhouse gas and particulate emissions, at major exhibitions in Monaco and Antwerp, followed by Barcelona in March 2025.

 

Commenting on the Pensinsula partnership, SulNOx CEO Ben Richardson said:

 

"For the first time, SulNOx has been pre-blended in large-scale marine bunkers, paving the way to swifter widespread adoption in the sector. We are delighted to be working with such a prestigious marine fuel partner as we expand our footprint in the marine sector. Whether we are supporting the luxury private market or commercial operators, SulNOx is committed to being part of the solution for a marine industry under pressure, helping to reduce emissions significantly, while delivering fuel cost savings and supporting participants to meet ESG and Regulatory goals."

 

Chris Warde, Peninsula's Head of Yacht Services, added:

"SulNOxEcoTM is an impressive and effective product with huge potential to help our super yacht customers cut fuel consumption and emissions. It also achieves greater engine reliability and cleanliness by improving combustion, emulsifying residual water, adding detergency and enhancing lubricity. We look forward to extending our partnership and offering some very compelling benefits to the industry."

ENDS

 

For further information please contact:

 

SulNOx Group plc

Steven Cowin, CFO

steven.cowin@sulnoxgroup.com

 

Allenby Capital Limited

(AQSE Corporate Adviser)

Nick Harriss / John Depasquale

 

Tel: 020 3328 5656

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRALTMBTMTTMBRI]]>
TwitterFacebookLinkedIn