Sth Africa patent expands fuel oil reclamation IP

Summary by AI BETAClose X

Sulnox Group PLC has secured a second patent in South Africa for its improved oil/water separation methodology, extending its fuel oil reclamation intellectual property to 49 countries. This technology, which reduces water content in recovered oil to approximately 1.5% and lowers processing times and energy consumption, addresses the significant "ships' slops" market, estimated at 160 million litres annually in South Africa alone. The global demulsifier market is projected to grow from US$2.4 billion in 2024 to US$3.2 billion by 2031, indicating a substantial revenue opportunity for Sulnox's patented solutions.

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