What OXON Technologies does

OXON Technologies (formerly The Fuel Matrix) is a Henderson, Nevada-headquartered fuel chemistry company that develops and licenses OXONtech™, a patented liquid fuel additive designed to reduce fuel consumption and engine wear in internal-combustion applications. The additive is dosed at a 1:10,000 ratio and uses stabilized free radicals and electromagnetically charged nano-micelles to modify the fuel–oxygen interaction at the point of combustion, with claimed outcomes of roughly 10% fuel reduction and 97% fewer engine faults across deployed fleets.

The company sells a portfolio of vertical-specific branded products: OXON Drive (transportation), OXON Build (construction), OXON Mine (mining), and OXON Grow (agriculture, launched August 2025), with OXON Fly (aviation), OXON Navigate (maritime), and OXON Generate (power generation) under development. Customers cited include Petillo Inc. (a Sterling Infrastructure subsidiary), Jackson Hole Mountain Resort, Parmentier Autobus NV in Belgium, Interworks Trans, and York Building Products, and the company claims more than 260,000 vehicles supported and over 10 million run-hours in 2024.

OXON makes money through fuel-additive product sales (one-time license per deployment) and royalties from licensed clean-fuel manufacturing, with pricing customized to fleet size and fuel consumption and pay-as-you-go billing for larger operators. A $400M Clean Fuels Investment Program with Innovest Holding LLC, announced May 2025, is intended to scale production and enable the company to embed the additive into fuel supply chains rather than rely solely on direct fleet sales. Planned dedicated manufacturing in the US (around 625 jobs indicated) and the UAE (around 250 jobs indicated), combined with a Brussels EMEA office and 2025 senior leadership additions, point to a deliberate transition from a niche chemistry startup to a globally distributed fuel-additive platform.

Name

OXON Technologies

Legal name

OXON Technologies

Website

https://oxon-tech.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

OXON Technologies develops and licenses OXONtech™, a patented fuel additive that reduces fuel use and engine wear in combustion applications. It sells vertical-specific products — Drive, Build, Mine, Grow — to fleet operators in transportation, construction, mining, and agriculture across the US and EMEA.

Ownership category

akta.pro rank

Product category

Fuel Additives and Emissions-Reduction Technology

NAICS

Petrochemical Manufacturing (32511), Basic Chemical Manufacturing (3251)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Ion Exchange Resins & Functional Adsorbents (IMAEAIAH)

akta.pro secondary industry

Oxy-fuel Combustion & Flue Gas Recycle Systems (EUABAGAE)

Keywords

• Fuel additive technology
• Combustion optimization products
• Emissions reduction solutions
• Fleet fuel efficiency
• Clean fuel manufacturing

Headquarters

HQ city

Henderson

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Fuel Additive Product Sales: OXON Technologies generates revenue through the sale of its OXONtech™ branded fuel additive products (OXON Drive, Build, Mine, Grow). Products are sold in liquid form at a 1:10,000 dilution ratio, allowing for high coverage with minimal product volume. The company sells directly to fleet operators, through channel partners including refineries and fueling stations, and via fuel trucks. Pricing appears to be volume-based, with the company offering free consultations and savings calculators for prospective customers.
2. Product Licensing for Clean Fuel Manufacturing: Under the $400 million Clean Fuels Investment Program with Innovest Holding LLC, OXON Technologies licenses its OXONtech™ products for use in refining and blending clean fuels in the UAE for GCC sale and export.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

OXON Technologies develops and sells OXONtech™, a patented liquid fuel treatment that physically modifies hydrocarbon fuel molecules at the point of combustion using stabilized free radicals and electromagnetically charged nano-micelles. Its commercial product line comprises OXON™ Drive, Build, Mine, and Grow — each formulated for a specific industrial vertical (transportation, construction, mining, and agriculture respectively) — and delivered as a drop-in additive at a 1:10,000 ratio via direct fleet sales or integration into existing fuel infrastructure.

Product overview

OXON Technologies offers a portfolio of fuel treatment products based on its patented OXONtech™ technology platform. The core technology modifies fuel molecules at the point of combustion using stabilized free radicals and electromagnetically charged nano-micelles, resulting in more complete combustion, reduced fuel consumption (up to 15%), and lower emissions (up to 95% particulate matter, 60% NOx, 21% CO2e). The product line includes: OXON™ Drive for land-based transportation and logistics; OXON™ Build for construction and roadwork; OXON™ Mine for mining equipment; and OXON™ Grow for agriculture, forestry and aquaculture (all currently available). Under development are OXON™ Fly for aviation, OXON™ Navigate for maritime vessels, and OXON™ Generate for power generators. All products are delivered as drop-in liquid solutions with a 1:10,000 mixing ratio for seamless integration into existing fuel infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• OXON Drive: Fuel optimization solution for land-based transportation, public transport, delivery and logistics fleets.
• OXON Build
• OXON Mine
• OXON Grow
• OXON Fly
• OXON Navigate
• OXON Generate

Products and services

• OXONtech™ Fuel Modification Platform Patented liquid fuel treatment platform that physically alters fuel molecule structure using stabilized free radicals and electromagnetically charged nano-micelles, dosed at a 1:10,000 ratio into hydrocarbon fuels to produce stronger bonds with oxygen and more complete combustion. Sold to enterprise fleet operators across transportation, construction, mining, agriculture, and refining customers.
• OXON™ Drive OXONtech™-based fuel treatment solution formulated for land-based transportation, public transit, delivery, and logistics fleets, designed to reduce fuel consumption and harmful emissions (CO2e, NOx, particulate matter) in diesel-powered vehicles. Used by enterprise customers such as Parmentier Autobus NV and Interworks Trans.
• OXON™ Build OXONtech™-based fuel treatment solution for heavy-duty construction and roadwork equipment such as excavators, bulldozers, and paving machinery, designed to reduce maintenance, DPF regens, downtime, and fuel consumption. Used by Petillo Inc. (a Sterling Infrastructure subsidiary) and York Building Products.
• OXON™ Mine OXONtech™-based fuel treatment solution engineered for large diesel-powered mining and extraction equipment, formulated to maintain performance at lower fuel use and reduced emissions in harsh, remote, high-wear environments. Sold to mining operators via enterprise field sales.
• OXON™ Grow OXONtech™-based fuel treatment solution specifically formulated for farming, forestry, and aquaculture equipment to optimize performance and minimize operating costs while reducing harmful emissions. Sold to agro-industrial operators including Jackson Hole Mountain Resort for Prinoth snow groomers.

Quantifiable outcome

• 15% less fuel consumption
• +7 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Innovest Holding LLCflagshipStrategic or Co-development Partner · 19 May 2025OXON Technologies concluded a strategic agreement with Innovest Holding LLC, an Abu Dhabi-based company specializing in strategic investments, to develop a $400 million Clean Fuels Investment Program over ten years. The program includes construction of a US manufacturing plant (625 jobs by late 2027) and UAE Center for Clean Fuel Excellence in Al Ain (250 jobs by 2027), plus purchase of OXONtech products for clean fuel refining and GCC export. This follows several years of successful collaboration between OXON Technologies, Innovest, and UAE energy companies.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Infineum: Infineum, a joint venture of Shell and ExxonMobil, is a leading fuel and lubricant additive company supplying OEMs and refineries globally—a direct functional peer to OXON's fuel-modifier approach targeting combustion emissions and efficiency.
• Afton Chemical (NewMarket Corporation): Afton Chemical is one of the largest global fuel additive suppliers, offering detergent, cetane-improver, and emissions-reduction chemistries for combustion engines—directly comparable to OXONtech™'s positioning in transport and industrial segments.
• Innospec: Innospec's Performance Chemicals and Fuel Specialties divisions manufacture fuel additives for diesel and gasoline engines, directly competing with OXON's Drive, Build, and Mine products across transportation, construction, and mining fleets.

Broad incumbents

• Lubrizol (Berkshire Hathaway): Lubrizol's fuel additive portfolio addresses engine cleanliness, emissions, and fuel economy across transportation and industrial markets—offering overlapping capabilities with OXON's Drive and Build product lines as part of a broader specialty chemicals portfolio.
• Chevron Oronite: Chevron Oronite is a major additive supplier integrated with one of the world's largest oil majors, providing fuel and lubricant additives at refinery and aftermarket channels—comparable to OXON's refinery-blending and fuel-truck distribution model.

Emerging players

• Gevo: Gevo develops low-carbon-intensity hydrocarbons and sustainable aviation fuel, directly overlapping with OXON's planned aviation vertical (Fly) and offering an alternative pathway for aviation and transport decarbonization.
• Clean Energy Fuels: Clean Energy Fuels sells RNG and CNG to heavy-duty trucking and transit fleets—a competing emissions-reduction pathway for the same transport and public-transit customers OXON serves with OXON Drive.
• Ballard Power Systems: Ballard supplies hydrogen fuel cells for heavy-duty trucks, buses, and mining locomotives—an alternative zero-emissions pathway targeting the same fleet customers OXON serves, representing a long-term substitute technology.
• Aemetis: Aemetis produces renewable diesel and sustainable aviation fuel from agricultural and forestry waste, targeting the same hard-to-electrify aviation and heavy transport markets OXON addresses with under-development Fly and Drive products.
• LanzaTech: LanzaTech converts carbon monoxide from industrial off-gases into ethanol and sustainable aviation fuel, targeting aviation and industrial customers that OXON also pursues with its Fly and Generate products—an emerging decarbonization peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oxon-tech-fuelmatrix
• Xx.com/Oxon24

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OXON Technologies