Genoil Inc.

Genoil Inc.

February 03, 2015 08:15 ET

Genoil Signs an Agreement with Munich Capital Partners to Finance Genoil GHU Projects Around the World

NEW YORK, NEW YORK--(Marketwired - Feb. 3, 2015) - Genoil (OTCBB:GNOLF) & MCP Munich Capital Partners GMBH ("MCP") have entered into an agreement where MCP is mandated to provide financial structuring and advisory services to Genoil oil upgrading projects and enable equity and debt financing for the planned GHU facilities. MCP's who has vast experience in the energy sector will provide financial and procedural structuring for funding Genoil's projects and to introduce Genoil to their extensive contacts of institutional and private investors around the world.

About Munich Capital Partners:

MCP Munich Capital Partners is a partnership of finance industry professionals dedicated to enabling complex or challenging financial transactions in select areas of infrastructure and energy expertise. As individuals, MCP partners have all had a lifelong career in the finance industry, whether as bankers, insurance executives or asset managers.

MCP was founded by their CEO Stefan Volk who has over 28 years of industry experience in banking and financial markets in senior positions in banking, corporate finance and asset management, including positions at Dresdner Bank, UBS and Hannover Leasing.

Also on the MCP team is Managing Partner Constantyn Nieuwenhuis who brings in 24 years of capital markets and structured finance expertise at various banks in Germany, New York and Luxembourg.

About Genoil:

Genoil is a research and development company focused on crude and residual oil desulfurization, upgrading, carbon reduction, and water purification technologies. The main advantages underlying the Genoil GHU technology are economic. The GHU is based on improved mass transfer with lower operating pressures and temperatures than most conventional processes. Based on these milder conditions, the GHU provides improved yields of higher value products. The GHU has a much a lower capital and operating cost when compared to conventional processes. The GHU can desulfurize up to 99.5%, achieve 98% metals reduction, 99% viscosity reduction, and greater than 93% pitch conversation rate. Residual component was reduced by 73% which is equivalent to a 259% increase in lighter distillates.

Contact Information

  • MCP
    +49 89 52031470

    Genoil Inc.
    +1 (212) 688-8868