Maz Technologies Ltd (MTL)
MTL, incorporated in the Cayman Island in 2005, is a fuel technology innovator that has developed a series of patented chemical formulations using high-energy and high reactivity organic hydrocarbon compounds to be dosed in fuel to enhance the combustion efficiency in all internal combustion engines (ICE).
In contrast to conventional detergency control additives, MAZ is based combustion efficiency in removing carbon buildup in engines to achieve greater engine power, reduced friction, cleaner engines, significant fuel savings and reduced emissions.
BloombergNEF forecasts the demand for oil products in the transport sector peaks in 2033 at 61.9 million barrels of oil per day. By 2050, this demand falls to 46.6 million barrels per day, or 18% below 2019 levels. EVs shall make up of 54% of global passenger fleet or 800 million out of a total passenger fleet of 1.5 billion.
Board of Directors
A four-member board of directors, comprising Joern Eriksen as Chairman, Felix Lim as CEO/President, James Goodner as Chief Financial Officer, and Gene Simonsen as director, manages the Company.
MAZ ENERGY Pte Ltd (MEPL) is a wholly owned subsidiary incorporated in Singapore to carry out applications research, marketing developments and sales. The Chairman/CEO of MEPL is Felix Lim. The other directors are Professor Chan Siew Hwa, Joern Eriksen, and James Goodner.
MEPL is primarily focused on achieving a governmental policy-based sale in China, which accounts for 13.5% of the global fuel market.
In December 2015, China National Development & Reform Commission has added MAZ as a “Detergency Enhancemen Additive” to the National Catalogue for “Energy-savings, Low-Carbon Technology” for promotion.
In March 2017, the NPC Standing Committee has approved the adoption of a Resolution to introduce MAZ in accordance with the Document #1881 submitted by the National Development & Reform Commission. Currently, the relevant Ministries are coordinating the policies in an effort to implement this Approval.
In July 2018, the State Council mandated the study of “Detergency Enhancement Additive” to rapidly upgrade fuel quality to defend the blue Sky.
In January 2021, the core technology of MAZ was certfied as No.1 in the environmental protection industry in China’s “Green Technology Promotion Catalogue”. A set of governmental incentive policies will be given to promote the production and consumption of green technology products.
MEPL has also developed the applications of MAZ technology beyond automotive industry to cover power-generation diesel engines, locomotives, industrial boilers, ocean-going vessels, hybrid and CNG vehicles.
On the wholesale business side, MEPL has signed a rebranding contract in South Africa to serve select nations in Southern and Western African nations.