# GENOIL INC

GENOIL INC is an Asset Manager based in Calgary, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Calgary, Canada
- **Region:** North America
- **Address:** Calgary, AB, Canada
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** genoil.net
- **LinkedIn:** https://www.linkedin.com/company/genoil-inc

## Regulatory record

- **Reports private funds:** No

## About

Converting Crude so that it has perfect refining characteristics, reducing carbon footprint of crude by 50% | High tech game changing technology that maximises transportation mileage from a barrel of crude oil while minimizing carbon content. We produce a new crude oil that has no refining residue and has much less carbon in the fuels produced. Company is based in Canada and is close to closing contracts.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- David K. Lifschultz — Chairman and CEO

## Questions

### Who controls Genoil and makes investment decisions?

Chairman and CEO David K. Lifschultz controls Genoil through majority equity ownership and runs all strategic decisions. He has financed the company primarily through personal loans converted to equity and by leading small public offerings, per SEC filings over the last two decades.

### Does Genoil generate revenue from its technology licenses?

Genoil has not reported material revenue from technology licensing. Despite announcing framework agreements with Lukoil in 2015 and China Shipbuilding Industry Corporation in 2016, neither relationship has produced publicly disclosed commercial income. The company remains pre-revenue.

### What is the Crystal Sea desulfurization system?

Crystal Sea is a seawater-injection exhaust gas cleaning system designed to remove sulfur from marine engine emissions. It targets compliance with IMO 2020 sulfur-cap regulations. Genoil has disclosed a memorandum of understanding with China Shipbuilding Industry Corporation from 2016, but commercial deployment remains unconfirmed.

### What is the status of the Genoil Emirates project?

Genoil Emirates was announced in 2011 as a joint venture to construct a heavy-oil upgrading facility in the United Arab Emirates. No construction has commenced as of the company's most recent public disclosures, and the entity does not appear in Genoil's current active project descriptions.

## Related profiles

- [Gouverneur Bancorp](https://altss.com/profile/gouverneur-bancorp-incmd)
- [Retractable Technologies](https://altss.com/profile/retractable-technologies-inc)

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Last updated: 2026-06-03T20:00:00.000Z

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