Quadrise has made a major advancement in its journey towards commercialising its emulsion fuel technology, a move that is expected to play a key role in the decarbonisation of the marine sector. The company recently entered into a Collaboration and Operational Trial Agreement with MSC Shipmanagement and Cargill, setting the stage for vessel trials aboard the MSC Leandra. This partnership has already had a positive impact on Quadrise’s stock, which surged by around 50% following the announcement.
Under the terms of the agreement, Quadrise will supply the necessary equipment, additives, and expertise for its marine fuel application. MSC will provide the trial vessel, secure flag state approvals, and oversee the professional monitoring of the trials. Cargill will support the initiative by supplying the feedstocks, arranging the transportation of the fuels, and handling the logistical requirements for local permitting. The fuels used in the trial will be produced at the MAC2 facility in Antwerp, Belgium, and will involve feedstocks supplied by Cargill. These fuels will then be sold by Cargill to MSC for the trial.
The goal of the project is to complete 4,000 hours of bioMSAR testing on the MSC Leandra, which is expected to lead to a Letter of No Objection (LONO) from Wärtsilä, an engine manufacturer. This will allow Quadrise’s emulsion technology to be used on all Wärtsilä engines of the same type without the need for further testing.
The initial steps for the trial include the installation of Quadrise’s equipment at the MAC2 facility, with all necessary permits already in place. This process is anticipated to be completed by the first quarter of 2025, allowing the trial to begin by the end of that quarter. Following the agreement, Quadrise and Cargill are expected to formalise bilateral agreements, including one for fuel manufacturing. If the trial is successful, the three parties will enter negotiations for a long-term commercial agreement.
This collaboration represents a significant opportunity for Quadrise, potentially accelerating its strategy for decarbonisation in the marine transportation industry. It could also lead to a scalable business model, expanding the use of its innovative alternative energy technologies.
Quadrise’s partnership with MSC and Cargill is poised to propel its technology forward, with the potential to make a substantial impact on reducing carbon emissions within the marine sector.
