RE:Pemex Registration CertificatePress Release this morning...
https://www.digitaljournal.com/pr/4021644
Genoil Receives Third Party Pemex Certificate & Produces Lower Sulfur Commercial Grade Fuel Oil
ROTTERDAM, NETHERLANDS / ACCESSWIRE / November 12, 2018 / Genoil Inc. (OTC PINK: GNOLF) announces additional successful processing run of IFO 380 marine fuel oil at our feedstock processing facility at the UFA Scientific Research Institute in Bashkortostan for a second client based in the United Kingdom. This time, results were better than last time, with the Genoil Hydroconversion technology (GHU) producing commercial grade 0.34% LSFO (Low Sulfur Fuel Oil) from the marine fuel RMG-380. The feedstock originally contained a Sulfur level of 2.01% by weight and also had possessed a lot of cracked materials. The GHU had a perfect yield of 92% and the company will announce further details about this run in the near future. This test brings Genoil GHU technology one step closer to global commercialization. The data collected from this demonstration run will support the engineering and design of commercial GHU facilities around the world. Genoil is currently arranging for further processing of additional crude oil and fuel oil for target projects currently being considered.
The UFA Scientific Research Institute has been working together with Genoil to market the GHU to several clients in Russia. Genoil had several meetings with Dmitry Sharonov who is the new director of the Institute. Dmitry is very positive about Genoil and supportive especially since Genoil brought a world leading internationally recognized consultancy company to the institute to witness the test and to tour the expansive state of the art facility. Dmitry is very well known in UFA and it is well known that his brother Andrei is a board of director of PAO Novatek Company and also is the Dean of the Moscow School of Management.
Genoil also received a critically needed supplier and contractor Certificate of Registration and evaluation from Petroleos Mexicanos which will allow Genoil to work with the National oil company of Mexico. The timing couldn't be better as the new administration is set to take office next week. The supplier qualification system was issued by Achilles on behalf of Pemex. Pemex has contracted Achilles' services, which will act as an independent third party, ensuring the management of the provided data and documents, in compliance with the Federal Law on Protection of Personal Data Held by Private Individuals. A copy of the certificate can be found at:
https://genoil.ca/pemex-registration-certificate/
Genoil received a certificate from Pemex meaning that the registration and evaluation of Genoil as supplier and contractor has been completed by Pemex. It is essential for Pemex to ensure a procurement chain that is reliable, transparent and efficient, and that will allow the purchasing areas of Pemex to have more accurate and updated information of suppliers and contractors as well as their capacity to meet the requirements of the business areas of Pemex. Registration and evaluation of suppliers and contractors uses a standardized methodology of commercial qualification and financial risk, to facilitate decision making and mitigate potential risks in the procurement chain.