July 12, 2014 9:58 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Neftech Pte Ltd.

Company Overview

Neftech Pte Ltd. offers fuel saving equipment to reduce fuel usage and carbon dioxide emission on ships. It provides cavitation technology that utilizes the fuel emulsification process where water is added to heavy fuel oil in the company's equipment to produce an emulsified fuel for ships, as well as installation services. The company was incorporated in 2007 and is based in Singapore.

17 Jurong Port Road

Singapore,  619092

Singapore

Founded in 2007

Phone:

65 6262 2259

Fax:

65 6262 2259

Key Executives for Neftech Pte Ltd.

Acting Chief Executive Officer
Age: 62
Executive Director
Advisor
Age: 67
Advisor
Age: 69
Compensation as of Fiscal Year 2014.

Neftech Pte Ltd. Key Developments

Neftech Pte Signs Agreement with American President Lines

Neftech Pte Ltd. signed an agreement with American President Lines (APL) to treat the auxiliary engines of up to 50 (fifty) of its container ships with nano particle additives in order to save on fuel consumption. The Agreement is valid for a period of 5 (five) years with provision for extension by mutual agreement. The auxiliary engines will require regular periodic treatment with additives and this will therefore enable Neftech to derive a continuous stream of revenue from each ship. The new process complements water emulsion technology as one works directly on the fuel and the other works to reduce friction through the engine oil. Both technologies save on fuel and do not overlap. The company has installed water emulsion plants on seven container ships from three shipping lines so far and are in the process of installing more units. For the nano particle technology, APL conducted 6 months of field tests on one of its container ships. Savings exceeded 10% which surpassed expectations, and hence the above order.

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