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DSOX is they symbol. Triton Emissions Solutions is the company Current price of $.17, market cap of $15M they have a mini refinery in a 1M x 1M x 2.5M box, currently for large ships. Their specialty is removing excess sulfur from dirty fuel. Currently North America and Northern European waters have ECA areas which only allow .1% sulfur fuel. Refineries can produce this fuel for a much higher per ton cost, versus the cheap cost of passing through bunker fuel, hi sulfur fuel which is their bottom of the barrel refined product. Right now about 14,000 ships worldwide spend all their time in current ECA's, but in 2020 Europe has indicated all of Europe will also comply. An estimated 21,000 ships spend some of their time in current ECA areas. In 2018 a world body will vote on turning the whole world into a .5% sulfur ECA in either 2020 or 2025. Buying a dsox unit allows ships to still buy the dirtiest, cheapest bunker fuel and clean the sulfur and some other harmful substances such as vanadium and various salts, and pass it on to the engine minus the sulfur. It is a mini refinery which allows each ship to capture the hundreds of dollars spread between bunker fuel and refinery scrubbed fuel called MGO or MDO. It can also be used for large gas turbines such as GE and Siemens use. It is a revolutionary new technology invented by genius and CTO of DSOX, Rasmus Norling. | ||||||||||||||
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