FS International signs $US47 million deal

Dubai-based FS International has signed an agreement to form a joint venture with Denaro International of the US, for the sale and implementation of the world’s most advanced fuel vapour recovery systems.

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By  Eudore Chand Published  December 30, 2003

Dubai-based FS International has signed an agreement to form a joint venture with Denaro International of the US, for the sale and implementation of the world’s most advanced fuel vapour recovery systems. The contract is estimated at $47million. FS International, with its US/Japanese partners will head the effort to substantially reduce gasoline vapour released at the 400-plus gas stations in the UAE. Similar operations in the rest of the Gulf as part of phase two will begin in 12-18 months.

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