IFT makes first bulk sale of PerfoLiFT BD-3 biodiesel additive
International Fuel Technology Inc. announced Nov. 26 it made its first bulk sale of PerfoLiFT BD-3 (value exceeding $100,000) to a leading European biodiesel manufacturer. As part of a supply agreement, this one account is expected to generate annual revenues of approximately $1 million.
“This purchase order is the result of the successful efforts of one of our distribution partners,” said Axel Farhi, IFT’s director of global business development. “Our network of distribution partners continues to be instrumental in generating revenues and sales opportunities for IFT. IFT is now selling PerfoLiFT BD-Series products to eight European-based biodiesel manufacturers. In addition, this technology has been recently introduced to the U.S. and Canadian biodiesel industries. We expect to generate substantial revenues in North America in 2013 and onward from the sales of PerfoLiFT BD-Series grades.”
“The PerfoLiFT BD-Series alone has provided IFT a clear path to meaningful revenues for 2013,” said Stuart Beath, IFT’s chief financial officer. “In addition, we recently partnered with one of the largest chemical and additives distribution companies in the world. Their efforts combined with expected new account generation from our existing distribution partners should significantly increase the $1.3 million in revenues expected from existing PerfoLiFT BD-Series accounts in 2013.”
The PerfoLiFT BD-Series is a group of scientifically engineered liquid fuel additive formulations specifically designed to provide superior short-term oxidation stability, long-term storage stability, and deposit formation control to biodiesel and biodiesel fuel blends of all underlying sources. The superior efficacy of the PerfoLiFT BD-Series has been validated at numerous independent test laboratories including BfB Laboratories (Belgium), the National Technology Institute – INT (Brazil), and Montana State University (U.S.).
IFT’s PerfoLiFT BD-Series products have received the coveted “No Harm” certification from the German-based Association for the Quality Management of Biodiesel (AGQM) under its “No-Harm and Efficiency” program. This certification is the international standard in the biodiesel industry due to the demanding requirements necessary to obtain such certification and, in many countries, is necessary before entering the market.
IFT is a fuel performance enhancement company focused on providing its technology to large, industrial consumers of diesel fuel and biodiesel fuel blends in the rail, stationary power generation and road transport industries.
IFT has two primary product lines, DiesoLiFT 10 and the PerfoLiFT BD-Series.
DiesoLiFT 10 is IFT’s proprietary fuel additive formulation for use with diesel fuel and biodiesel fuel blends. The product has been scientifically proven to provide a significant improvement in fuel economy and a reduction in harmful emissions. In addition, DiesoLiFT 10 increases fuel lubricity, provides detergency benefits and co-solves normal amounts of free water, which collectively reduce maintenance costs for the end user. The product is easy to use, only splash blending is needed, and its use has been proven to have no effect on fuel composition, make-up or standard specification.
The PerfoLiFT BD-Series is a series of fuel additive formulations specifically developed to provide superior oxidation stability and deposit formation control to biodiesel and biodiesel fuel blends.