UK SulNOx technology receives investment from shipping giant

Singapore shipping giant Eastern Pacific Shipping (EPS) recently signed an agreement with UK technology supplier SulNOx to invest in and apply SulNOx's products for reducing emissions and fuel consumption.
According to the agreement, EPS will deploy fuel regulator SulNOxECO on at least 30 of its ships, with each ship using it for at least 18 months. Prior to signing this agreement, EPS had conducted an 8-month evaluation on various vessels under its management, including container ships, oil tankers, bulk carriers, and liquefied gas carriers.
SulNOx company stated that during the evaluation period, EPS reports showed that using heavy sulfur fuel oil and B30 biofuel could reduce fuel consumption by 5%, make the engine and its components cleaner, and reduce emissions.
In addition, EPS has decided to invest in SuINOx and become its strategic shareholder.
EPS CEO Cyril Ducau said, "The collaboration with SulNOx is an important step towards achieving our long-term sustainable development goals. By improving our operational efficiency and strengthening our commitment to meeting global environmental standards, this partnership further consolidates our position as an active leader in sustainable shipping practices
Radu Florescu, Chairman of the Board of Directors of SulNOx, added, "After an extensive evaluation period, we have signed an agreement with EPS, which proves the effectiveness of our products. The industry urgently needs solutions to reduce fuel consumption and related emissions to meet increasingly stringent regulatory requirements. Through this cooperation, we have not only gained considerable and stable income, but EPS may also introduce our products to some of the world's largest fleets, marking a new era of change for SulNOx Group. We look forward to establishing a long-term mutually beneficial partnership with EPS to jointly achieve energy transformation
It is worth mentioning that recently, American shipbuilding brokerage and consulting group McQuilling Partners also invested in SulNOx company. The current largest shareholder of SulNOx company is Constantine Logothetis, and Norwegian shipowner Nistad Group is also a shareholder of the company. Marfin Management, a dry bulk carrier management company in Monaco, also became a shareholder of SulNOx company in early 2024.
With all natural fuel regulators, SulNOx has partnered with many shipping industry giants in Asia and Europe to help reduce emissions, lower fuel costs, and achieve sustainable development goals, including Teekay, Spring Marine, and Peninsula Yacht Services.

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