GENOIL INC

Genoil is a Canadian company focused on developing technologies for the oil and gas industry, with a current goal to commercialize these technologies internationally. The Corporation holds rights to several patented and proprietary technologies, from which a number of products are under development. None of its technologies have been commercialized to date. Genoil formed a joint venture called "Genoil Emirates" with SBK Commercial Business Group in the United Arab Emirates. This new corporation aims to develop projects in the U.A.E. utilizing all of Genoil's technologies, including desulfurization, oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The United Arab Emirates currently possesses the seventh largest oil reserves globally and is seeking to increase production. Genoil Emirates has its head office in Riyadh, 11321 Kingdom of Saudi Arabia, at Building B, Near Gulf Commercial Complex Olaya, P.O. Box: 230032. It also maintains a branch location at Khober DAMAM, Block 7 Office 32 Khober. Genoil's primary focus has been on developing and applying its proprietary heavy oil upgrading technology, known as the Genoil Hydroconversion Upgrader (GHU). The GHU technology is designed to transform sour (high sulfur), heavy hydrocarbon feedstocks into lighter oil, yielding higher quality distillates suitable for conventional refining. The GHU process employs a hydrogen enrichment method based on catalytic hydrogenation and flash separation.