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Sulnox Group PLC

  • AQSE:SNOX
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Sulnox signs four-year EPS agreement as fleet deployment expands

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At a glance

Company
Sulnox Group PLC
Listings
AQSE:SNOX, OTCQX:SNOXF
Announcement type
Contract award
Published
Source announcement
sulnoxgroup.com
Key figures
Measure Figure Period
EPS Ventures' shareholding 13.9% Not stated
Fuel savings between 3% and 5% more than two years of operational deployment and validation

Figures are quoted from this announcement and selected automatically.

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

Sulnox Group plc announced a four-year commercial agreement with Eastern Pacific Shipping covering its fleet, alongside an associated investment by EPS Ventures.

  • The four-year agreement expands Sulnox Eco™ deployment across the EPS fleet, from approximately 30 vessels to more than 50 vessels.
  • It covers approximately 1.2 million litres of Sulnox Eco supplied over the contract term, alongside an increase in EPS Ventures' strategic investment.
  • EPS reported fuel savings of between 3% and 5%, plus reductions in visible black smoke emissions during operational deployment.
  • EPS Ventures' shareholding is expected to increase from approximately 6.5% to 13.9% through subscribing for additional shares, subject to relevant conditions being met.

EPS will continue operational testing and real-world deployment; expected collaboration areas include fuel efficiency optimization, emissions reduction, biofuel performance and decarbonization technologies.

Investor FAQs

Sulnox announced the signing of its largest commercial agreement to date with Eastern Pacific Shipping (EPS), alongside an increase in EPS Ventures’ strategic investment in Sulnox. The agreement expands deployment of Sulnox Eco across the EPS fleet.

Source announcement

Company
Sulnox Group PLC
Title
Sulnox Signs Largest Commercial Deal in Its History with Expanded Strategic Investment from Eastern Pacific Shipping
Published
Source site
sulnoxgroup.com

Read the source announcement on sulnoxgroup.com

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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