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Sulnox Group PLC
- AQSE:SNOX
- OTCQX:SNOXF
Sulnox signs four-year EPS agreement as fleet deployment expands
Published
At a glance
- Company
- Sulnox Group PLC
- Listings
- AQSE:SNOX, OTCQX:SNOXF
- Announcement type
- Contract award
- Published
- Source announcement
- sulnoxgroup.com
| 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
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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