From commercial cruise liners to container ships, heavy fuel oil (HFO or bunker fuel) has been the primary choice of fuel in the maritime industry for decades. This low-cost, tar-like substance is widely available as leftovers
from the oil refinery process but has significant environmental drawbacks as a fuel, whilst also being uneconomic for the refinery that supplies it (it
sells at a discount to crude oil). HFO is considered by some to be a dirty and polluting fossil fuel. The International Maritime Organisation (IMO) is under increasing pressure to reduce the high levels of black carbon and NOx emitted by the sector as a result of burning HFO that contributes to global warming and smog.
IMO have also set a GHG emission reduction target of at least 50% by 2050. With potential future marine fuels such as hydrogen and methanol not yet technically or commercially viable on a large scale, there is a growing demand for a more sustainable HFO alternative that utilises well known technologies and existing supply lines.
Quadrise Fuels International plc (LON:QFI) is the global innovator and licensor of disruptive heavy oil technology that produces MSAR® fuel. The Quadrise team is a unique combination of energy sector experts and fuel specialists that were instrumental in the prior commercialisation of 60 million tons of Orimulsion® fuel worldwide.