Peninsula adopts SulNOx in super yacht fuels

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 SulNOxEco^TM diesel fuel conditioner to be applied, on the pier of its Gibraltar yacht terminal. The system pre-mixes marine fuels with the SulNOxEco^TM 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 SulNOxEco^TM 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:

"SulNOxEco^TM 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	[e-mail]
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale	Tel: [phone]

 

END