IFT Wins ‘Innovation in Technology 2008’ Award From the Institute of Transport Management
11 March 2008 13:54
International Fuel Technology has received the prestigious 'Innovation in Fuel Technology' award given annually by the Institute of Transport Management. The Company earned the award for DiesoLIFTTM, IFT's proprietary fuel additive technology designed to improve the performance of diesel and bio-diesel fuel blends.
The Institute for Transport Management is a non-profit organization founded in the United Kingdom in 1977 to help monitor and improve the standards in the transport industry. The Institute 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 Institute's primary means to communicate with members and others in the transport industry is through its Transport Journal publication.
"From time to time the Institute's research body identifies Companies which show potential for a massive impact on the transportation industry through innovation. Many times these companies are barely out of the concept phase, but are singled out for the contribution that their product or service can potentially make to improve the quality of our environment. One such Company which has raised its head above the parapet, in the area of fuel technology, against the background of our ongoing dependency on hydrocarbons - is International Fuel Technology, Inc. (IFT).
In recognition of the Company's ongoing investment in this area and its development of DiesoLIFT™ and the benefits of this technology, the Institute of Transport Management, is delighted to accredit IFT with 'Innovation in Fuel technology 2008.'
International Fuel Technology (IFT) is a pioneering creator of multi-purpose additives which improve the efficiency of liquid hydrocarbon fuels. These products deliver a whole raft of benefits: longer engine life, corrosion protection, reduced maintenance costs, better fuel economy, foaming prevention, decreased dangerous emissions, increased lubricity and detergency, exclusion of water from the fuel system, as well as improved bio-fuel, and oxidation stability.
The key to the company's innovative take on increasing fuel performance lies in surfactant chemistry, which hinges on the fact that regions in surface active agents have affinities for different chemical environments. Their GasoLIFT™, DiesoLIFT™, and KeroLIFT™ product lines feature formulas designed for specialist use in gasoline, diesel, and kerosene applications, thus catering to a broad spectrum of end uses ranging across marine and land transportation to stationary power generation.
IFT products have been rigorously tested at globally respected engineering research facilities and, following highly positive results, have been on the market since 2002.
Commenting on the Award to IFT, Mr Patrick Sheedy, Media & PR Director for the Institute, said: Despite our best intentions to develop immediate sustainable alternatives to burning fossil fuels, we are all aware of the many issues put forward against widespread biofuel production, so for the moment we must also concentrate on developing innovative technologies to maximise fuel efficiencies whilst making them cleaner and more palatable for the environment.
To date, almost all IFT's efforts have focused on its DiesoLIFT™ technology, which has been developed specifically for diesel fuel and biodiesel blends, and which has consistently shown to increase fuel economy by 4% - 7% (depending on the application), increase fuel lubricity and fuel stability; and make substantial reduce harmful emissions.
Mr Sheedy continued by saying: "Taking independent research and clinical trails into consideration it is our opinion that DiesoLIFT™ presents a compelling financial and environmental benefit to the end user, by ensuring lower overall fuel consumption through improved fuel efficiency and reduced emissions. An added benefit is that it is easy to use requiring no additional parts and is simply blended with the fuel.
"I would like to take this opportunity to remind our members just how important technological advances in areas such as fuel are. International Fuel Technology are to be highly commended for the advancements and innovation they have shown to date. The Institute believes it is high time that the major multi-national oil companies paid heed to what IFT has to offer, and to consider strongly the benefits of using their technology."
For more information on this company:
International Fuel Technology - Fuel Surfactant Additives
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