SulNOx announced its new partnership with Rominserv on Wednesday, marking the company’s first large scale agreement with a major petroleum firm.
Rominserv, which currently operates as part of the Romanian crude oil company Rompetrol Group, signed a Memorandum of Understanding (MoU) for SulNOx to initially review and advise on the use of its products within the Rominserv refinery processes.
The collaboration will include the use of Heavy Fuel Oil in burners, tank cleaning and waste oil processes at its refineries, development of new and enhanced “green” Marine Gas Oil products and Green Fuel additives.
Rompetrol currently operates across 12 countries with $4.6 billion in FY 2021 revenues. The firm develops, produces and refines crude oil, alongside operations marketing and distributing refined petroleum products via its chain of over 1,100 gasoline and diesel fuel stations in Romania, Georgia, Bulgaria, Moldova, France and Spain.
“As the first significant petrochemicals company to work with SulNOx, we are genuinely thrilled by this collaboration agreement with Rominserv,” said SulNOx Group CEO Ben Richardson.
“I applaud the Rompetrol management team for looking to SulNOx green technologies to develop solutions to benefit a consumer base which is increasingly demanding greener fuels.”
SulNOx shares were down 0.6% to 12p in late morning trading on Wednesday.
