IFT Signs Marketing and Distribution Agreement with Major European Chemical and Fuel Additives Distribution Company
09 May 2008
International Fuel Technology announced that it signed a marketing and distribution agreement with Caldic UK, a UK based chemical and fuel additives company. Caldic UK is a division of Rotterdam (Netherlands) based Caldic, a major European chemical and fuel additives distribution company with 25 sales offices in eight countries and annual revenues of approximately US$750 million.
Caldic UK has purchased DiesoLIFTTM 10 and introduced the product to their clients, including major bus and supermarket companies.
DiesoLIFTTM 10 has clearly demonstrated the ability to increase fuel economy and reduce harmful greenhouse gas emissions," said Roger Collis, Caldic UK's Managing Director. "In addition, independent laboratory testing has shown that IFT's DiesoLIFTTM BD-3 is a top performing fuel additive technology for addressing oxidation stability and deposit control in bio-diesel fuel blends. Both products are currently in use with some of our largest commercial accounts."
Gary Kirk, IFT's Director of Sales and Marketing said: "The continued success of our DiesoLIFTTM product line has generated a lot of interest from major chemical and fuel additive distribution companies. The Caldic UK agreement is another significant step forward for our primary commercial strategy of partnering with large, well-known industry distribution companies with established marketing channels and end user clients."
