Green Star Products, Inc. announced that it has received the final report on a fuel savings test conducted on a Greek shipping vessel. The tests were conducted using Green Star's Diesel Fuel Energizer (DFE) added to fuel tanks. Tests were performed on two Caterpillar Ship Engines Model 3412 (rated at 720 hp each) and also on two Caterpillar Generator Sets Model 3306 (rated 240 hp each). The test data indicates the shipping vessel reduced fuel consumption by an average of 12 percent. The engines also showed decreased smoke emissions to a point where smoke was no longer visible. Also noted was a reduction of engine noise and increased power and performance.
Panos Doukakis, an international investor, arranged for the test and stated that based on these results he is now arranging for a much larger scope of tests on several more vessels. Doukakis further stated that the TVT product line could be a tremendous opportunity for the Shipping Industry to reduce their emissions, smoke and fuel consumption. By cutting down petroleum use, the Shipping Industry could also reduce its carbon footprint (its CO2 Greenhouse Gas (GHG) emissions), which may qualify for international carbon credits that were approved at the 2009 United Nations Climate Change Conference in Copenhagen attended by President Barack Obama. Doukakis concluded that this could represent billions in savings for the Maritime Industry.
Joseph LaStella, President of Green Star Products, stated, "The success of the maritime test data represents a significant opportunity for our Company." Mr. LaStella further stated, "We cannot expect these results on all different types of engines used for all different industries. In the past, we have had significant positive test results on many types of engines. However, we must clearly identify the fact that numerous test variables in conjunction with engine designs, different testing protocols (also called procedures, programs, etc.) used throughout the world and other parameters (including weather conditions) can vary results from test to test.