Quadrise PLC has announced a new collaborative agreement with Auramarine Oy, a Finland-based firm specialising in fuel supply systems. This partnership aims to address inefficiencies and advance decarbonisation in energy-intensive maritime applications. Quadrise, a London-based energy technology provider known for its MSAR emulsion fuel technology, seeks to combine its expertise with Auramarine’s knowledge of fuel systems to provide innovative solutions for the shipping industry.
The collaboration focuses on helping the maritime sector meet evolving environmental standards while enhancing operational efficiency. Quadrise will bring its knowledge of MSAR and bioMSAR fuels to the table, while Auramarine will contribute its fuel system expertise to facilitate the conversion of vessels to these advanced fuels. Both companies will also explore new sales opportunities and have agreed to a mutual commission structure for gross sales or financing generated through this partnership.
The announcement follows Quadrise’s update ahead of its annual general meeting, where the company highlighted progress in its core projects and reiterated its commitment to supporting the global transition away from fossil fuels. Chief Executive Jason Miles expressed optimism, emphasising the firm’s strong position to contribute to cleaner energy solutions. Commenting on the partnership, Miles praised Auramarine’s extensive experience in designing and servicing fuel systems for both conventional and emerging fuel technologies. He noted that this collaboration aligns with Quadrise’s strategy to work with new partners to decarbonise shipping, leveraging Auramarine’s expertise and network to accelerate the adoption of MSAR and bioMSAR fuels worldwide.
Quadrise shares experienced a 14% surge, reaching 2.23 pence on Monday morning, reflecting positive market sentiment following the announcement.
This collaboration represents a significant step for both companies, combining their strengths to create sustainable solutions for the maritime industry while advancing efforts to reduce carbon emissions.
