Genoil Inc
genoil.caWhat Do They Do?
Develops oil and gas technologies, including heavy-oil upgrading systems and oil-water separators, for refiners, producers and other industrial customers.
20-F for FY2025, filed May 13, 2026Genoil's principal business is the development of technologies relating to the oil and gas industry. Its present goal is to commercialize…View ↗
Genoil has been primarily involved in the development and commercial applications of its proprietary heavy oil upgrading technology – the…View ↗
The GHU® converts sour (high sulphur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional…View ↗
The Genoil Water Treatment Department has increased its significance in the business model of the Corporation. Initially developed for the…View ↗
Since inception, Genoil has principally been a technology development company. In the recent past, commercialization efforts have been…View ↗
Genoil intends to market its products and license its GHU technology throughout the world's oil refining and production industryView ↗
How Do They Make Money?
No revenue reported yet.
20-F for FY2025, filed May 13, 2026
Who Are Their Customers?
Genoil markets its technologies to oil refiners and producers, mainly in the Middle East, Russia and China, and seeks to sell and license them through commission agents.
20-F for FY2025, filed May 13, 2026The Company markets its technology mainly to potential customers in the Middle East, Russia and China. The markets for Genoil’s products…View ↗
Genoil intends to market its products and license its GHU technology throughout the world's oil refining and production industryView ↗
Since inception, Genoil has principally been a technology development company. In the recent past, commercialization efforts have been…View ↗
The company seeks to work through commission agents who will receive compensation only when revenues are generated.View ↗
How Are They Changing?
Focus of upgrading technology
Genoil shifted its GHU focus from converting heavy oil in place to converting residue in light oil.
20-F for FY2025, filed May 13, 2026 20-F for FY2022, filed May 2, 2023During 2023, Genoil changed its approach on the application of the GHU. Rather than solely focusing on the conversion of in situ heavy oil…View ↗
On July 7, 2020, the Company agreed to satisfy a total of $3,875,000 then owed to David Lifschultz and Bruce Abbott through (1) Company…View ↗
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