Algeria patent granted for fuel oil reclamation

Summary by AI BETAClose X

Sulnox Group PLC has been granted a patent in Algeria for its fuel oil reclamation technology, which improves oil/water separation and can reduce the water content in recovered heavy fuel oil to approximately 1.5%, enhancing its value. This development is significant given Algeria's substantial oil and gas reserves and its major Mediterranean ports, presenting a considerable opportunity for Sulnox's solutions in managing ship slops, a waste product from maritime operations. The global demulsifier market is projected to grow from approximately $2.5 billion in 2025 to $3.3 billion by 2032, driven by environmental regulations. Additionally, Sulnox announced the cancellation of 114,285 warrants due to a technicality with the holder's regulatory position.

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