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Eden Innovations’ (ASX:EDE) subsidiary secures first OptiBlend order from Nigeria

Industrial
ASX:EDE      MCAP $7.357M
02 June 2020 16:41 (AEST)

Eden Innovations’ (EDE) subsidiary, Eden Innovations India, has secured an order for its OptiBlend dual fuel conversion kits.

The order was made by OIS Indorama Port, which is a Nigeria-based joint venture company between Oil and Industrial Services and Indorama Eleme Petrochemicals.

The order is valued at US$127,571 (roughly A$191,250) and is for three OptiBlend dual fuel conversion kits to be installed on three large diesel-powered generator sets. These range in size from 500 KVA (kilo-volt-amperes) to 1500 KVA.

The size ranges will enable each set to operate on a combination of natural gas and diesel fuel. Ultimately, this reduces emissions and running costs.

Eden’s OptiBlend technology allows a conventional diesel engine to use natural gas as its primary fuel without modifying the engine or the current fuel system. This means lower fuel costs, lower emissions and an increased runtime.

While this is the first order from Nigeria, Eden India has sold many OptiBlend dual fuel conversion kits in India for over a decade. The subsidiary has also sold the kits throughout Bangladesh and Dubai.

Company shares are up 5.71 per cent and are trading for 3.7 cents each at market close.

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