International Fuels News
Monday August 27 , 2007 9:00 AM Eastern Time
IFT and Belgium-Based Lubrichim to Introduce Fuel Additive Technology to European Market
ST. LOUIS, August 27, 2007 – International Fuel Technology, Inc. (IFT) (OTCBB:IFUE) announced today that its collaborative efforts with Lubrichim have resulted in the development of a number of fuel additive formulations that Lubrichim will market to its existing and new customers. The first commercial grade formulation to be introduced in the market in September 2007 will be a diesel fuel performance enhancer.
“Lubrichim and IFT have been working together since late 2006 to develop a new range of biodegradable, environmentally friendly fuel additives that provide superior fuel efficiency, reduce polluting emissions, improve engine reliability and reduce maintenance costs, and improve the quality and stability of bio-fuels,” said Francis Sels, Lubrichim’s Managing Director. “The diesel fuel additive technology that we are introducing in September is an innovative, “green” fuel additive that will exceed the demands from the industry for higher performance and environmentally compliant fuels.”
“We are pleased to have the opportunity to work with Lubrichim to develop superior fuel additive formulations,” said Axel Farhi, IFT’s Director of Global Business Development. “In addition to the diesel fuel additive technology that we collaborated on for introduction in September, we are also working on a number of other additive formulations for bio-fuels, gasoline and heating oil.”
Founded in 1971, Lubrichim (www.lubrichim.com) is a Belgium-based fuel additives and lubricants company focused on the development and distribution of high quality products that offer superior performance to end users.
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