https://www.bunkerspot.com/global/47011-global-genoil-bags-second-commercial-grade-lsfo-customer
GLOBAL: Genoil bags second commercial grade LSFO customer
The Canada-based firm has announced an additional processing run of IFO 380 marine fuel oil at its feedstock processing facility at the UFA Scientific Research Institute in Bashkortostan for a second client, based in the United Kingdom.
The announcement comes after Genoil, which converts heavy fuel oil (HFO) into low sulphur fuel through its Hydroconversion Upgrader (GHU(R)), carried out its inaugural production for an undisclosed shipping company based in Norway last month.
According to Genoil, ‘results were better than last time’, with the Genoil Hydroconversion technology (GHU) producing commercial grade 0.34% low sulphur fuel oil (LSFO) from RMG-380 marine fuel.
The feedstock originally contained a sulphur level of 2.01% by weight and had also possessed a lot of cracked materials.
‘The GHU had a perfect yield of 92% and the company will announce further details about this run in the near future,’ said Genoil. ‘This test brings Genoil GHU technology one step closer to global commercialisation.’
Genoil says the data collected from this most recent demonstration run will support the engineering and design of commercial GHU facilities around the world. The company is currently arranging for further processing of additional crude oil and fuel oil for target projects currently under consideration.
‘The UFA Scientific Research Institute has been working together with Genoil to market the GHU to several clients in Russia. Genoil had several meetings with Dmitry Sharonov who is the new director of the Institute.’
Genoil said it had also received a ‘critically needed’ supplier and contractor Certificate of Registration and evaluation from Petroleos Mexicanos (Pemex) which will allow Genoil to work with the national oil company of Mexico.
‘The timing couldn’t be better as the new administration is set to take office next week,’ said Genoil. ‘The supplier qualification system was issued by Achilles on behalf of Pemex.’
Pemex has contracted the services of Achilles, which will act as an independent third party, ensuring the management of the provided data and documentation.
GLOBAL: Genoil to offer ‘fourth way’ in 2020 compliance
CONTACT INFORMATION
David Lifschultz
CEO and Chairman, Genoil Inc.
dklifschultz@linvestment.com
Tel: +1.212.688.8868
