Cyprus--(BUSINESS WIRE)--May 19, 2004--Biofriendly
Corporation and Lukoil Oil Company announced today
that sales of Lukoil's new Formula Fuels have increased
over 20% since their launch in late February. The
fuel, which includes gasoline as well as diesel, has
been treated with Biofriendly's Green Plus liquid
fuel combustion catalyst. The catalyst improves combustion,
which produces better performance, better fuel economy
and lower emissions.
Mr. Boris Parsoutin, Managing Director of Lukoil Oil
Company Cyprus, said, "Our success with Formula
Fuel is due to a real difference in performance that
our customers can see and feel. We are gaining new
customers every day, and believe me, if it didn't
improve performance, they wouldn't keep coming back
and asking for Formula."
In addition to better fuel economy and improved engine
performance, Green Plus lowers harmful emissions.
Independent tests in certified laboratories have shown
reductions in emissions such as carbon dioxide, carbon
monoxide, nitrogen oxides and total hydrocarbons from
10% to 40%. Opacity (smoke) from diesel engines has
especially been reduced.
"We appreciate the public response to Green Plus
in Lukoil's fuel," said Robert Carroll, Chairman
and CEO of Biofriendly Corporation. "Marketing
a new fuel can certainly gain attention, but in the
final analysis drivers have to experience a real difference
or they'll just buy any fuel. We're pleased to see
that customers can truly feel a difference and have
noticed savings through increased fuel economy. In
addition, everyone wants to improve the environment,
and I think customers like this about the Formula
fuels; deep down it makes them feel good."
Under development for over 10 years, Green Plus is
a new product that employs nanotechnology (working
at the molecular level) to achieve a breakthrough
combination of improved fuel economy and reduced emissions.
Green Plus is a liquid combustion catalyst that is
added in very small quantities to fuel in order to
create a more complete, cooler and more linear burn.
The product has undergone rigorous testing in the
United States and Europe, and has over 50 million
miles of on-road/on-ocean use. Green Plus is now available
About Biofriendly Corporation
Biofriendly Corporation has introduced Green Plus,
a liquid fuel combustion catalyst, the world's most
effective solution for significantly improving fuel
economy and reducing harmful emissions. Green Plus
is designed for use in diesel, gasoline and other
hydrocarbon-based fuels. This patent-pending product
was invented by the same innovators who created Vortoil,
the award-winning oil-water separator for offshore
For more information, please visit www.biofriendly.com.
About Lukoil Oil Company
Lukoil Oil Company is the leading vertically integrated
oil Company in Russia. The Company's main activities
are oil and gas exploration and production, as well
as the production and sale of petroleum products.
Lukoil is the second largest private oil company worldwide
by proven reserves. The company has approximately
1.3% of global oil reserves and 2% of global oil production.
Lukoil's sales network covers Russia, the CIS, the
Baltic countries, Europe and the USA, consisting of
263 tank farms and 4,076 filling stations.
For more information, please visit www.lukoil.com.