GENOIL INC

Genoil Inc. develops proprietary technologies for the oil and gas industry, focusing primarily on heavy oil upgrading and hydrocarbon processing. The company's principal technology is the Genoil Hydroconversion Upgrader, a catalytic hydroconversion process designed to desulfurize and convert sour, heavy crude or light oil residues into lighter, higher-value distillates with reduced contaminants. Genoil also develops the Crystal Sea oil-water separator for maritime, refinery, and industrial water treatment applications. Its technologies are designed for the global oil production and refining industry, with marketing directed toward petroleum producers and operators.

The company operates internationally and markets its solutions globally, with a specific focus on potential customers in the Middle East, Russia, and China. In addition to a joint venture presence in Riyadh and Khober, Saudi Arabia, Genoil maintains corporate operations centered in Canada. Genoil is headquartered in Calgary, Alberta.

Summary of the business section of Genoil's latest annual report, written by StockData.

“Genoil currently has seven full time employees, thirty, part time employees and eleven contracted consultants and appointed representatives located in various offices.”