Clean Fuel – sustainable technology, creates a range of stable cost-effective fuel emulsions, which significantly reduce NOx and particulate matter generated through the burning of diesel and other fuel.
Later this year Clean Fuel will deliver its first commercial deployment, emulsifying diesel for power generation.
There is an increasing need for cleaner cost-efficient fuels. This is being driven by consumer demand and by national governments and NGOs through punitive tax regimes and tougher regulation.
Renewable sources such as solar and wind cannot currently meet this demand and it is likely that it will be some time before they can.
Given the current limitations on renewable energy sources, it is important that we maximize the efficiency of our existing resources and how they are used.
We believe that emulsified fuel can make a significant contribution to improving efficiency, while cutting pollution.
Emulsification cuts NOx by around 60 per cent and PM by around 90 per cent. It does this by increasing atomization of the hydrocarbon molecules, which increases the surface area, allowing for a more efficient burn, where more of the fuel is turned to energy.
Our technology utilises the latest emulsification technology and has undergone a rigorous programme of lab based testing – and now we are ready to make take the next step.
Over the next few months Clean Fuel - Sustainable Performance will prove the reliability and versatility of our technology by powering an a new attempt to break the world speedboat record for the fastest circumnavigation. The revolutionary wave-slicing powerboat will use a fuel emulsion that will be produced on board the boat, eliminating the need the for additional water storage and costly engine adaption.
Additionally, Clean Fuel Ltd is in negotiation to deliver our first commercial deployment generating power for the domestic market.
Following the successful completion of the round the world record attempt, Clean Fuel Ltd would seek to raise additional funds from the market to fund limited commercial deployment of Clean Fuel. By the end of 2018, the company would hope to have deployed our technology on 12 or more commercial vessels.
During the limited commercial deployment, Clean Fuel would work on refining its detailed business plans, adapting existing technology to assess fuel efficiency gain, but initial predictions suggest that a saving of between 5-10 per cent is possible.
An example of the potential: If Clean Fuel were successful in deploying across the combined fleets of Maersk and Carnival, who spend around $10 billion on fuel per year, it would conservatively generate a minimum fuel saving of 5 per cent or $500 million (£330 million). Using the 50:50 ratio would generate potential revenue of circa £165 million, while dramatically cutting NOx and PM emissions.
We believe that the benefits of fuel emulsions are not limited to the marine sector and while this might be our initial focus, emulsified fuel can be burnt in almost any engine, including commercial vehicles such as lorries (truck), buses and agricultural vehicles.
Pollution from diesel vehicles is already cited as a major factor for the high NOx levels which are thought to contribute to around 40,000 deaths a year in the UK. As a consequence of pollution from diesel engines, environmentalists have urged policy makers to introduce measures to make diesel cars financially less attractive. The pressure to make these changes is likely to increase as strict European Commission rules on NOx come into force.
Alan Priddy, Chairman and Founder
Alistair Thompson, Managing Director
Steve Mason, Technical Director
Clean Fuel Ltd will be submitting our plans to raise money, details of our structure and intended trade etc. to HMRC. We will request advice on whether or not the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax reliefs relating to their shares.
Tax relief is available to individuals only, who subscribe for shares in an Enterprise Investment Scheme (EIS). Relief is at 30 per cent of the cost of the shares, to be set against the individual's Income Tax liability for the tax year in which the investment was made.
If you sell, give away, exchange or otherwise dispose of shares, tax reliefs can reduce your Capital Gains Tax bill. Your shares must meet certain conditions to qualify for these reliefs.
The availability of any tax relief, including EIS and SEIS, depends on the individual circumstances of each investor, and may be subject to change in the future. If you are in any doubt about the availability of any tax reliefs, or the tax treatment of your investment, you should obtain independent tax advice before proceeding with your investment.
Want to join the team?
If you would like to invest in Clean Fuel Ltd, or for more information about our products and plans please contact Alan Priddy.