SulNOx expands into Nigeria with new distributor deal

SulNOx Group PLC - London-based greentech innovation company helping industry reduce emissions, ...

Alliance News 29 November, 2024 | 12:23PM
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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%

By Eva Castanedo, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
SulNOx Group PLC Ordinary Shares 52.50 -

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