Eastern Pacific Shipping Partners with SulNOx for Eco-Friendly Fuel

Eastern Pacific Shipping Partners with SulNOx for Sustainable Fuel Solutions

Eastern Pacific Shipping Pte Ltd (EPS) has formed a significant partnership with SulNOx Group Plc, a leader in fuel conditioning technology. This collaboration marks a pivotal step towards enhancing the ecological footprint of EPS's fleet through the deployment of the SulNOxEcoTM fuel conditioner.

Details of the Collaboration

The agreement, which was confirmed recently, involves EPS investing in SulNOx while securing a supply contract for the fuel conditioner to be used on at least 30 vessels managed by EPS. This isn’t just a singular event; it follows a comprehensive eight-month trial of the SulNOxEco product across various types of vessels, including container ships, tankers, and gas carriers.

Implementation Plan

Under the terms of the agreement, EPS commits to utilizing the SulNOxEco for a minimum duration of 18 months aboard each participating vessel. An upfront purchase agreement has been established, ensuring that the minimum volume of the product will be 250,000 litres, creating a solid foundation for efficiency and performance improvements in EPS's fleet.

Investment and Strategic Growth

EPS Ventures Pte. Ltd. (EPSV), the investment arm of EPS, will take a strategic stake in SulNOx by purchasing ordinary shares through two distinct phases. The initial phase ties the share purchase to the usage of SulNOxEco in the first 18 months, while the second phase hinges on EPS's success in recommending SulNOx to additional large shipping clients over the following three years.

Executive Insights

Cyril Ducau, the CEO of EPS, remarked on how this collaboration aligns perfectly with the company’s sustainability objectives. He pointed out the critical nature of operational efficiency and the importance of adhering to environmental regulations in today’s shipping industry. In parallel, Radu Florescu, the Chairman of SulNOx, recognized this partnership as validation of the effectiveness of SulNOx's products, suggesting there is considerable potential for revenue expansion as a result.

Impact on the Shipping Industry

This strategic partnership is poised to significantly bolster the revenues and market presence of SulNOx. Not only does EPS adopt the SulNOxEco technology for its own fleet, but it also positions itself as a valuable promoter of SulNOx's solutions to other major shipping entities.

Looking Toward the Future

The recent transaction is viewed as a transformative shift for SulNOx, enabling the company to advance into a new phase of growth and collaboration amid the shipping industry's ongoing energy transition. This dynamic partnership indicates a promising trajectory for both companies in pursuing greener and more sustainable practices.

Frequently Asked Questions

What is the SulNOxEco fuel conditioner?

The SulNOxEco fuel conditioner is a technology designed to enhance the performance and environmental compliance of marine fuels, contributing to reduced emissions.

How many vessels will initially use SulNOxEco?

The initial agreement outlines the deployment of the SulNOxEco on at least 30 vessels within the Eastern Pacific Shipping fleet.

What is the duration of the partnership agreement?

The partnership stipulates a commitment of at least 18 months for the use of SulNOxEco on each vessel.

What are the sustainability goals of Eastern Pacific Shipping?

EPS aims to enhance operational efficiency and comply with environmental standards, aligning with broader sustainability targets in the shipping industry.

How does SulNOx benefit from this partnership?

SulNOx stands to gain significant revenue growth and increased market penetration as EPS introduces its products to other shipping customers.

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