Located in St. Louis, Missouri, International Fuel Technology has quickly earned a reputation as a top fuel performance enhancement company that is focused on providing its technology to large and industrial consumers across the sector. Today, the company took a major step towards prominence with the announcement they will expand rail progress to Belgium.
The National Railway Company of Belgium (SNCB) will commence field validation of DiesoLiFTTM 10, which is IFT’s proprietary surfactant-based fuel additive formulation for utilization with diesel and bio-diesel fuel blends. This will allow for dramatic progress in opening up markets in both Western and Eastern Europe for its breakthrough diesel fuel additives.
International Fuel Technology’s German-based distribution partner, Nordmann Rassmann’s (“NRC”), is making significant progress with Eastern European-based rail operators. To go along with this news, multiple sales orders for DiesoLiFT 10 have already been filled. Sales to the U.K. rail market are expected to grow rapidly in the years ahead aided by the affiliation with Unipart Group, the U.K.’s premier distributor to the rail industry. The market for DiesoLiFT 10 in the U.K. rail industry alone is estimated at $15 million.
One of the leaders at International Fuel Technology is Axel Farhi whom serves as the company’s Director of Global Business Development. In reference to this press release, Farhi stated, “The compelling conclusions from extensive laboratory and field testing completed in the U.K. have garnered the attention of rail operators and other major industry users of diesel fuel around the world and we anticipate a continuation of the growing interest in our products.”
Currently, International Fuel Technology is trading in the $0.24 range. To learn more about this press release or the company as a whole, visit their corporate website at: www.inernationalfuel.com
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