European Oil Company Enters Into Agreement with Nanotech Company for Novel Fuel Solutions

Aug 16, 2006

Oxonica, an international nanomaterials company, has reached an agreement with Petrol Ofisi A.S. to supply the company with its Envirox™ fuel borne nanocatalyst for use in diesel fuel. Oxonica’s proprietary fuel nanocatalyst has shown in field trials to both improve fuel efficiency and reduce emissions. Petrol Olfisi plans to use the initial order of Envirox for fuel enhancement and to track market acceptance of it. Oxonica will generate sales of more than $12 million from this agreement.

Christopher Moore, Chairman of Oxonica, is a speaker at the upcoming Nanotech for Investors 3rd Bi-Annual Summit on Monday, September 11, in Zurich, Switzerland. To register and learn more about this exclusive one-day Summit, visit http://www.nsti.org/NanoInvestor2006/.

↑ Back to Nano World News™