Constantine Logothetis, a major investor, has spearheaded a new funding round for UK-listed fuel additives group SulNOx. With an additional investment of £1.8 million, the funds will be allocated for research and development, hiring key personnel, and meeting global demand for SulNOx's environmentally friendly products. Logothetis, now holding 23.5%, and the second-largest investor, Nistadgruppen AS, with a 14.5% stake, have demonstrated confidence in SulNOx's strategy. The company's fuel additives, derived from natural, biodegradable ingredients, aim to reduce emissions and offer cost savings for shipping and road transport. Recent successes include shipping trials and partnerships with industry players like Teekay Corporation and Spring Marine. The funds will support SulNOx in expanding its global presence, product development, and meeting increasing demand.

SOURCE:GOOGLE