Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
SulNOx Group PLC - London-based greentech innovation company helping industry reduce emissions, lower fuel costs and meet sustainability targets - Appoints Fuelonomics Hydrocarbons Innovations Ltd as distributor in Nigeria to introduce its SulNOxEco fuel conditioners.
The initiative follows a visit by SulNOx senior management and a successful trial with the Nigerian Independent Petroleum Company, which reported about 10% fuel savings in its tanker fleet. NIPCO plans to roll out SulNOx products across its fleet and sell them at its 205 petrol stations.
Chief Executive Officer Ben Richardson says Nigeria represents ‘a huge opportunity’ to reduce emissions and fuel costs.
Current stock price: 54.70 pence per share, up 3.3% on Friday afternoon on the Aquis in London
12-month change: up 56%
Copyright 2024 Alliance News Ltd. All Rights reserved.