Quadrise (AIM:QED) announced the extension of its joint development agreement with Vertoro BV for the advancement of bioMSAR Zero, a sustainable marine fuel. This collaboration aims to develop a sustainable fuel solution specifically for luxury yachts, with an accelerated schedule for sea trials.
The extension follows a successful pilot scale trial that incorporated up to 40% of Vertoro’s crude sugar oil into the bioMSAR formulation. The next phase involves constructing a prototype motor yacht to serve as a testing platform for this innovative fuel.
Jason Miles, the chief executive of Quadrise, emphasised the importance of progressing towards zero emissions solutions while continuing to focus on current revenue-generating projects. He expressed satisfaction with the extended partnership, highlighting its potential to advance net-zero ambitions through collaboration with a leading yacht builder.
Michael Boot, Vertoro’s co-chief executive, echoed this enthusiasm, noting that the Focus Motor Yacht would act as a “living laboratory” and validation unit. This would help accelerate access to cost-effective marine biofuels for luxury yachts, serving as a showcase for the commercial shipping and yachting industry. Boot also hinted at more exciting developments in the coming year.
Quadrise plc (LON:QED) is an energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications. Quadrise technologies produce transition fuels called MSAR® and bioMSAR™, which allow clients in the shipping, utilities and industrial sectors to reduce carbon emissions whilst also saving costs.
