Grant of Patent

SulNOx Group PLC

25 September 2024

 

25 September 2024

SulNOx Group Plc

(the "Company" or "SulNOx")

Chile patent granted

(Aquis Stock Exchange: SNOX)

SulNOx, the greentech innovation company helping industry reduce emissions, lower fuel costs and meet sustainability targets, is pleased to announce that it has secured a further patent in Chile.

Consistent with patents for the US, Europe, Eurasia, Georgia, South Africa, China, Indonesia and Singapore granted to SulNOx to date, this latest patent covers a range of formulation versions which includes both the Berol® 6446 Heavy Sulphur Fuel Oils (HSFO) emulsifiers and SulNOxEco™ Fuel Conditioners which enhance all diesel, petrol/gasoline and biofuels, and marine fuels including Marine Gas Oil (MGO) and Marine Diesel Oil (MDO), Very and Ultra Low Sulphur Fuel Oils (VLSFO/ULSFO) and HSFO. 

Chile is an important new patent for SulNOx, extending the Company's reach among global customers and industry sectors to South America for the first time. The world's southernmost country, Chile shares borders with Argentina, Peru and Bolivia. It is a global player in mining, producing 24% of the world's copper and 30% of lithium (Source: US International Trade Administration, 2023). In addition, Chile is a major maritime country, with its freight port at San Antonio serving as a significant facility in the south Pacific. The country's largest trading partners are, respectively, China and the USA.

Santiago, Chile's capital city, is the world's second most polluted city (Source: World Air Quality Index, 2024). Situated in a valley, Santiago's toxic gases are easily trapped in the city bowl, with high levels of particulate matter in the air. The present PM2.5 concentration is 2.5 times the World Health Organisation's recommended limit. Air pollution has caused an estimated 4,000 deaths annually in Santiago in recent years.

Ben Richardson, CEO of SulNOx, commented: 

"Chile is a major addition to our growing patent portfolio, representing a unique combined opportunity: enhanced access, supported by intellectual property, to a huge mining sector emitting high levels of greenhouse gases, as well as the prospect for helping to tackle urban air pollution that is among the world's worst. This exciting new development equips us well to grow our revenue pipeline in an entirely new continent for SulNOx."

ENDS

For further information please contact:

SulNOx Group plc Steven Cowin, CFO	[e-mail]
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale	Tel: [phone]

 

END