[JRP3]

Emulsion of up to 40% water and 60% fuel. A bunch of fun videos showing various motors running on what looks like milk:

http://www.youtube.com/user/EcoloCap#p/u/3/WvaTHG74qqM

$this->bbcode_second_pass_quote('', 'M')-Fuels unique burning process facilitates increased efficiency, resulting in reduced emissions by 60%, reduced fuel consumption by 40%, and cut costs by up to 25%. NPU’s are scalable and customizable, can be implemented without modifying existing equipment, and can be installed with little to no down time. This products diverse applications range from lawnmower motors to supertanker engines and will provide heavy oil consumers with numerous economical and environmental benefits.

[JRP3]

ArcelorMittal taking a look at M-Fuel:
http://www.marketwire.com/press-release/Michael-Siegel-CEO-EcoloCap-Invited-ArcelorMittal-Kazakhstan-Launch-Feasibilty-Study-OTC-Bulletin-Board-ECOS-1318471.htm

[Keith_McClary]

These emulsion fuels have been promoted for years.
$this->bbcode_second_pass_quote('', 'T')he presence of water in emulsion fuels decreases the volumetric energy content, which causes a reduction
in fuel economy. The San Francisco Bay Water Authority (WTA) reported a 15 percent decrease in fuel
economy when using PuriNOx fuel (PC), and a power loss of 8 to 12 percent.

[JRP3]

Here is what they claim for their processing unit:
$this->bbcode_second_pass_quote('', 'B')oth fuel and water flow separately, in predetermined ratios, into the NGU which utilizes a patented electro-mechanical high energy field to combine these elements on a sub-micron level. As the water molecules are electrolyzed and separated into H and O2, the oil is broken down into sub-micron bubbles, with each bubble absorbing an individual molecule of H or O2. Our proprietary stabilizing additive then coats the molecules, giving them a negative charge, allowing them to quickly disperse within the combustion chamber, after delivery to the engine or burner via the output module. At the nano level, oil molecules are a diameter of less than 0.5 micron and have 10,000 to 20,000 times greater surface area of a normal aspirated oil particle. This magnified contact surface area between fuel and air allows the micro oil droplets to burn more completely. When those oil droplets are burned, they release trapped H and O2, creating a secondary burn, producing only water vapor. The formation of this water vapor cools the burn, preventing production of NOx.