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Fuel Additive Firm Sulnox Reports 73% Rise in Q1 Sales Volume
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Ship & Bunker
Fuel Additive Firm Sulnox Reports 73% Rise in Q1 Sales Volumeby Ship & Bunker News TeamThe additive is designed to improve bunker fuel efficiency.
File Image / PixabayFuel additive firm Sulnox saw its product sales volume rise by 73.1% year on year in the first quarter of its financial year.
During the quarter, Sulnox signed its largest supply agreement to date, a four-year deal with Eastern Pacific Shipping (EPS) covering 1.2 million litres of Sulnox Eco.
The product helps to improve bunker fuel efficiency, claiming it can deliver up to 5% of fuel savings.
Sulnox also raised £2 million during the quarter and ended June with an unaudited cash balance of £1.53 million.