International Fuel Technology (IFT) today announced that it has received the prestigious Fuel Technology Specialist 2008/2009 award given annually by the Institute of Transport Management (ITM). IFT earned the award for DiesoLIFTTM, its proprietary fuel additive technology, designed to improve the performance of diesel and bio-diesel fuel blends.
This award follows the Innovation in Fuel Technology award presented to IFT last year by the ITM. The competition for last year’s award was emerging fuel technology companies, whereas the competition for this year’s award was established and renowned oil, chemical and fuel additive companies.
The ITM is a non-profit organization founded in the United Kingdom in 1977 to help monitor and improve the standards in the transport industry. The ITM works in unison with government, regulatory and academic bodies to encourage and promote professionalism in the transport arena through innovative research and communications programs. The ITM’s primary means to communicate with members and others in the transport industry is through its Transport Journal publication.