PHI Group Inc. announced that the Company has signed a Business Cooperation Agreement with SSE Group JSCto jointly cooperate in the areas of energy efficiency and mitigation of global greenhouse gas (GHG) emissions by using SSE Group's proprietary technologies. According to the agreement, SSE Group JSC and Philux Global Group Inc. have incorporated "SSE Group Inc., a Wyoming corporation, Registration ID 2023-00127, to apply SSE Group's breakthrough technologies for the energy industry, especially to improve fuel efficiency and mitigate global GHG emissions. Global GHG emissions have been steadily increasing over the years, primarily due to human activities such as burning fossil fuels, deforestation, industrial processes, and agriculture.

Carbon dioxide (CO2) is the most significant GHG, accounting for the majority of emissions. The main sectors contributing to GHG emissions are energy production, transportation, industry, agriculture, and land use change. Emerging economies, such as China and India, have witnessed significant increases in emissions due to rapid industrialization and urbanization.

Rising GHG emissions lead to the greenhouse effect, causing global warming and climate change. This phenomenon contributes to various environmental and socio-economic challenges, including extreme weather events, sea-level rise, disrupted ecosystems, and threats to human health and food security. SSE Group's proprietary technologies are a self-sustaining energy system created by absolute interactions with the air condition of the universe.

This system enhances and extends the burning time of traditional fuels such as gasoline, diesel and coal by 50% or more and eliminates toxic emissions surpassing Euro6 standards of harmful exhaust. It also cleans the carbon in the internal combustion engine and stabilizes the burning temperature of the engine chamber for optimal performance.