Genoil Inc GNOLF

RE:scrubbers vs GHU

[redleg1]

canameel wrote: It looks like the deadline for SOx emissions is 2020. That appears to be good news.. but YARA says.....

"SOx scrubbers the best solution to new emissions cap

Oslo, October 28, 2016"The UN-backed IMO has set new rules to cut sulfur emissions from ships to 0.5% from 2020. Yara is easing shipowners’ concerns over additional costs by offering a cost-effective solution compared to low-sulfur fuel   https://yara.com/media/news_archive/SOx_srubbers_the_best_solution_to_new_emissions_cap.aspx.


seems to indicate that their scrubbers and the most economical solution and can be paid off in 2-5 years. What are the issues in the Gnolf solution  Vs the YARA scubbers? Are we still in this hunt for SOx reduction?

Libra- before you dig in too deep on name calling as well, do your homework. Yara estimates payback in 2-5 years, so completely opposite of what you intimated in your post. The reason I asked Nich to post a business case is that without numbers, both Genoil and Yara are pure bluster. Where Genoil is only at the non-binding LOI stage with the investment firm, I'm interested to see what the impact is if there is a competing technology. The investment company probably won't rely on press releases to continue a $50B project. They will rely on a business case, and invest heavily in Genoil if the business case proves out. If you think I'm holding some of the 100M short shares, I'll be happy to dispel that notion if I can figure out how to post my account statements with requisite personal information redacted. That's why Nich bothers me quite so much. I believe Genoil can make a huge profit, but we're mired in late financials (rectified), blown off annual meetings (about to be rectified) and lack of transparency (still a long way to go). Nich isn't helping talking about Judas and 100M shorts. He would help the long cause by laying out the business case, which he should be able to do if he is really a commodities trader.