In December 2023, representatives from nearly 200 countries reached an historic agreement to ‘transition away from fossil fuels’. This agreement adds to the momentum already underway in global energy markets, as policy makers, companies and investors worldwide work to accelerate the adoption of technologies that reduce greenhouse gas (‘GHG’) to avert the worst impacts of climate change and achieve net zero by 2050.
The world relies on shipping to transport 90% of traded goods. The shipping sector currently accounts for approximately 3% of GHG emissions, equivalent to those of Japan which is the world’s fifth largest GHG emitting country. The sector is under increasing pressure to decarbonise, with shipping operators and major freight customers calling for increased global regulation surrounding GHG emissions.
With 98.8% of the global shipping fleet still reliant on fossil fuels, shipping operators require transition fuel solutions which can quickly and affordably reduce emissions using existing vessels and bunkering infrastructure. Quadrise’s proven, unique MSAR® and bioMSAR™ technology meet this challenge.
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.
