Capital Access Group Flash Notes | Sulnox: New four-year supply agreement accelerates uptake
Sulnox has signed a new four-year contract with existing client, Spring Marine almost doubling current sales of its Sulnox Eco fuel conditioner to Spring Marine. This agreement expands the use of Sulnox Eco for use across at least 34 vessels with an increase in the average size of vessel and hence per vessel consumption of Sulnox Eco. In addition, Spring Marine will make a strategic investment of up to £1.1m in Sulnox through a subscription for up to 2.75m shares at today’s market price. This deal accelerates uptake of Sulnox Eco and firms up our current forecast for sales whilst further…
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