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INSCX™ exchange (The Integrated Nano-Science & Commodity Exchange) www.inscx.com announces the proposed listing January 2013 onwards of a series of nano-enabled lubricant additives for use across the prime three Group categories of Base oils. The additives are origin EU supplied in masterbatch/blended form are derived from formulation with nano-scale Cu and are aimed at enabling blenders to lauch a series of more functional, less friction industrial and LUBE oils for use across industry. Listings types will be on a Spot or a Forward delivery/Principal Approved Supplier basis. The origin of the series of nano-enabled masterbatches is an Exchange registered and Approved producer domiciled in the European Union. The Exchange will also showcase the offering to the Lube refining industry/blending clients of Merchant members of the Exchange and to a national sovereign, the latter in discussions with the Exchange to establish a 5000sqm tax-incentive zone for the fabrication of advanced resource solutions.
Product Profile: Advanced R&D to deliver more functional lubrication oils dates from the early 1950's. It is broadly known to the industry today, that copper nanopowder as a lubrication oil additive, holds excellent tribological properties. Numerous research institutions from Europe, US, Russia and China have performed quantitative research on these aspects confirming the import of this research. Nano-metallic additives offer excellent characteristics in aspects of reducing friction coefficient, reducing wear effect of mating parts, self-repairing of minute damages caused by friction, and consequently result in longer life of engines, gear boxes etc., lower consumption of fuel, better heat transfer and lower emission of waste gases.
Capacity: Current capacity held by the Exchange producer concerned to fabricate nano-scale copper stands at 36-45Mt on an annual basis enabling a volume offering of nano-lubricants to be offered to the global Lubricant blending industry given the 0.2-0.25% loading ratio.
Commenting on the prospect of January listing, Gavin Leach, Physical operations Director, INSCX™ exchange was quoted:
"This represents a significant commercial offering to the Global Lubricant refining and blending sector to produce a series of more, functional and durable lubricants across industrial, aviation and vehicular oils. The Exchange has worked over two years since launch to offer the existing Base Oil industry a formal commodity exchange system which is now finding acceptance among refiners and blenders alike in an established industry. The strategy serves not only to present a value proposition to blenders of standard Group classifications as matters stand in the industry, but offers refiners the prospect of listing superior Base Oils for blending at source or through the masterbatch route through embedding of nanomaterials. What matters here as in all cases in the context of delivering commercial solutions to established industry in the context of nanomaterials, is the ability of NM producers to deliver volume and cost-benefit. We are satisfied the economics present and deliver a case in this regard. Ipso-facto the fact INSCX™ is a recognised trade name within Base Oils aids the ability to open doors for the NM producer concerned with this series of nano-lubricants, which as an Exchange registered producer qualifies by the ability of the Exchange process to finance production on a forward delivery basis compliant with inspection and insurability".
Schedule: Formal contracts are to be listed January 2013 onwards initially relevant to Lubricants extending to other sectors. The Exchange will also include the offering with other nano-resource relevant solutions in ongoing discussions with a key sovereign in the Base Oils industry as a prelude to inviting refiners and blenders to meet with the producer at a conference scheduled February 2013 to be held in Manchester, UK.
Compliance: Trade in the series of nano-enabled lubricants will be in accordance with Exchange rules for independent characterisation, track/trace, indemnification and mandatory trade reporting in nominee conditional to INCOTERMS and Exchange trade disclosure protocol.
Listing: Series to be listed Spot/Forward on TORS, the Exchange Trade Order Routing System. Access to TORS for trading purposes is made available to producers/converters, merchants and global commodity trade houses that are registered and paid up members of the Exchange established competent in meeting instructed obligation in trade.
Access only use is made available to any subscriber paid up. To register to and/or LOGON if registered with the Exchange, the link www.comdaq.net/comdaqnet.asp?calledsite=INSCX can be uploaded using a standard web-browser.
About INSCX™ Exchange
INSCX™ exchange [Central Clearing Limited] is a commercial user commodity exchange for physical delivery of underlying materials against listed contracts. Registration Number: 07787171.
To the extent the reader/user is entitled to disclose and distribute this document, the user may forward, distribute, and/or photocopy this copyrighted document only if unaltered and complete, including all of its headers, footers, disclaimers, and other information to appropriate parties only. INSCX™ exchange, Merchant Member firms thereof and/or Members admitted to the Official List [the “parties”] do not guarantee, represent, warrant, or otherwise guarantee, expressly or impliedly, the merchantability of material(s) supplied against contract(s), fitness for a particular purpose, or suitability of underlying material(s). The user is solely responsible for all determinations regarding any use of underlying material(s) supplied against contract(s) and any process in its territories of interest. The parties expressly disclaim liability for any loss, damage, or injury directly or indirectly suffered or incurred as a result of, or related to anyone using the underlying material(s). Exchange provision is enabled for user guidance on purchase of supporting Technical Support Contract(s) [TSC] relevant to the material(s) and reference to regulated and industry approved insurers. Listed contract(s) are not promoted as suitable for investment purposes, as defined by the UK Financial Services and Markets Act 2000 (Regulated Activities) provisions. Underlying material(s) delivered against contract(s) are subject to independent assurance to specification(s), good delivery, and in the case of engineered nanomaterials [NMs], compliance with Nanomaterials Safety, Health & Environment [SHE] good practices and INSCX™ “Track and Trace”.
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