Spring Marine Adopts SulNOx in their Fleet

SulNOx Group PLC

09 October 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

9 October 2023

SulNOx Group Plc (the "Company" or "SulNOx")

Spring Marine Adopts SulNOx in their Fleet

(Aquis Stock Exchange: SNOX)

The board of directors of SulNOx (the "Board") is extremely pleased to announce that Spring Marine Group ("Spring") will adopt SulNOx products in their fleet to reduce fuel consumption and emissions. 

Spring Marine (https://www.Springmarine.com/) operates a fleet of Tankers and Bulk Carriers and represents SulNOx's latest client in the globally important, and highly influential, Greek maritime sector. The initial order is for approximately US$45k.

Captain George Chondronikolas, General Manager of Spring Marine commented, "At Spring, we make a point of having a constant commitment to adopting the latest technologies to minimise fossil fuel consumption and reduce the environmental impact of our business. Our vision includes adopting innovative green tech solutions like SulNOx for the continuous, incremental improvements required of our vessels to meet regulatory expectations and improve the service we offer our customers."  

Ben Richardson of SulNOx added, "We are extremely impressed by the forward-thinking management and technical teams at Spring. They instantly understood our unique, green chemistry and how the adoption of the SulNOx products will reduce fuel costs along with the CO2 reductions demanded by the imminent Carbon Intensity Indicator (CII) regulatory requirements.  Also, looking beyond existing regulation, how SulNOx's huge impact in reducing particulate matter, (black carbon emissions - acknowledged as being 3,200 times more potent in their contribution to climate change than CO2) is a key indicator of improved combustion and therein reduced fuel consumption demonstrated on other vessels. We look forward to working with the Spring Team."

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For further information please contact:

SulNOx Group plc Steven Cowin, CFO	[e-mail]
Allenby Capital Limited (AQSE Corporate Adviser) Nick Harriss / John Depasquale	Tel: [phone]

 

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