Cleango receives shipment approval from Indioquimica

Executive Summary

• Cleango Innovations Inc. has received formal approval from its strategic partner, Indioquimica S.A., to accept the inaugural shipment of 6,000 litres of its proprietary CG-100 industrial cleaner and oil services product into Argentina.
• This approval marks the company's official entry into the South American market, leveraging Indioquimica’s 65-year legacy to address demand for eco-friendly solutions in the heavy industrial and energy sectors.
• The shipment follows a successful showcase of the CG-100 product at AOG Patagonia 2024 on October 17, 2024, signaling the start of a broader regional rollout.

Key Details

• Product Shipment: Inaugural shipment of 6,000 litres of CG-100, a non-toxic, certified green, and biodegradable solution designed to replace hazardous caustic chemicals in oil and gas production.
• Strategic Partner: Indioquimica S.A., a chemical leader in Argentina with a 65-year history (founded in 1961).
• Market Entry: Establishes a physical operational footprint in South America, specifically targeting the heavy industrial and energy sectors.
• Previous Milestone: Indioquimica showcased the CG-100 at AOG Patagonia 2024 on October 17, 2024, receiving positive reception and local interest prior to shipment approval.
• Future Plans: The company intends to introduce additional proprietary solutions to the region's ports and shipping fleets for other industrial applications.

Notable Quotes

• Anthony Sarvucci, CEO of Cleango Innovations: "Receiving the green light for this first shipment is a watershed moment for Cleango. Indioquimica's (founded in 1961) rigorous standards and deep market knowledge make them the ideal partner. We are starting with our flagship industrial and oil services product, but we are equally excited to soon introduce our proprietary additional solutions to the region's ports and shipping fleets for other industrial applications."
• Spokesperson for Indioquimica: "We are excited to integrate Cleango's technology into our portfolio. The industry in Argentina is seeking a shift toward sustainability without compromising on performance. The CG-100 is the right product at the right time."