SulNOx eyes further revenue gains
After seeing revenues double in its latest quarterly earnings numbers, SulNOx, the fuel additive business, is looking at further progress.
Having seen its shares rise ten-fold since 2022, the Aquis-listed company says it is in a unique position in being able to supply fuel additives, to big diesel and petrol users, that are environmentally friendly. Ben Richardson, SulNOx chief executive, tells IGTV that companies, especially in Africa where the need for fuels that help an aged fleet of industrial vehicles maintain efficiency, are waking up to the fact that they need the additives that SulNOx supplies to mitigate carbon emissions.
(AI Video Summary)
SulNOx's innovative technology
SulNOx, featured on the Aquis Exchange, has developed innovative fuel conditioners formulated from natural, biodegradable ingredients, aimed at reducing the carbon footprint of industries reliant on hydrocarbon liquid fuels. CEO Ben Richardson highlights the product's broad market potential, touching on sectors like maritime, transport, and power generation. The company's solutions are gaining traction, particularly in shipping, due to regulatory pressures and the significant fuel cost savings they offer.
Revenue growth and gains
Despite being a small entity, SulNOx has posted revenue growth, driven by customer testimonials and its effective, eco-friendly products. With patents in key regions and production by Nouryon, SulNOx aspires for further growth and potential partnerships with major oil or fuel trading entities, targeting an expansive market, including biofuels.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
