Quadrise Fuels International continue making progress on all fronts

Quadrise Fuels International plc (LON:QFI) will provide the following update by way of a presentation of its business development activities via Investor Meet Company at approximately 12.30pm today, following the conclusion of the Annual General Meeting of the Company, which commences at 12.00 noon.

Investors who wish to view the presentation can sign up to Investor Meet Company for free and add Quadrise Fuels International plc at:

https://www.investormeetcompany.com/quadrise-fuels-international-plc/register-investor

Investors who have already registered to meet Quadrise will be invited automatically.

2021 Overview and Update

Business Development

Despite the continuing global impact of Covid-19 and associated travel restrictions throughout 2021, Quadrise has continued to engage with our clients to progress key projects, advance new prospective opportunities and continue the testing and development of our new low-carbon fuel, bioMSAR™.

Whilst the timetable of some activities has been impacted, the team has worked remotely with clients to ensure that programmes remain on-track where possible, using our network of agents and partners who have enabled progress through their in-country presence. 

Key developments include:

·      bioMSAR™. During 2021, bioMSAR™ was successfully tested on 4-stroke engines at Aquafuel and at the VTT facility in Finland. These tests demonstrated a 26% average reduction in CO2 emissions compared to marine diesel and over 20% lower NOx emissions, but also, importantly, higher engine efficiency. The next stage of bioMSAR™ testing will involve commercial 2-stroke and 4-stroke engine testing at OEM testing facilities, as well as testing on combustion applications. Discussions with crude glycerine suppliers are ongoing, and Quadrise are conducting joint research on the production of glycerine from algae with the University of Greenwich and Algae UK.

·      MSC. Quadrise continues to work with MSC Shipmanagement to finalise the preparatory work to enable the LONO (‘Letter Of No Objection’) fuel trials on board their commercial container vessels. Our joint focus is now on scheduling bioMSAR™ testing on MSC’s modern 2-stroke engines with the OEMs, whose resources are currently limited due to competing future fuel test demands. Alongside this, Quadrise have been progressing plans for the necessary vessel modifications to enable the commercial-scale 4,000-hour LONO trials expected to commence in H2 2022.

·      Morocco.  During November 2021, the equipment for the MSAR® combustion trial at the client site (‘Site B’) was shipped to a third-party site in Morocco, and preparations to commence production of 60mt of MSAR® fuel were completed. Quadrise is now awaiting client approval to proceed with fuel production and the Site B trial, which is expected imminently but has been temporarily delayed due to an internal management reorganisation at the client. Quadrise also expects to finalise a further extension to the Material Transfer and Cooperation Agreement, following the mutual 12 month extension of the original agreement on 28 November 2020. Timely client approval will allow the Site B trial to take place early in Q1 2022. The trial results and the final feasibility study for MSAR® use at a second client site (‘Site A’) are expected to be delivered to the client in Q1 2022. A subsequent commercial trial can then take place at Site A using the trial equipment from Site B. Assuming the successful conclusion of these trials, the intention is to conclude a commercial supply agreement covering one or more of the client’s sites in Morocco in Q2 2022.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Quadrise Fuels International

More articles like this

Quadrise Fuels International

Refinery Economics case study

Evaluating the economics of introducing MSAR® in to a hypothetical, semi-complex refinery, which is currently producing HFO from a blend of SDA pitch and LCO cutter stock, by installing a single MMU producing 1,000t/day of MSAR®

Quadrise Fuels International

How MSAR® is produced

Stage one Oil residues are taken directly from refinery rundown lines and cooled, if necessary, to achieve the required viscosity (~350-500 cSt @ 100-200°C typically) for the colloid mill. Stage two Water, which can be derived

Quadrise Fuels International

Quadrise Fuels International positive bioMSAR test results

Quadrise Fuels International plc (LON:QFI), the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, which are low-cost, cleaner alternatives to heavy fuel oil and biofuels, has provided an update on the testing of bioMSAR™ on a medium speed

Quadrise Fuels International

Quadrise Fuels in the Middle East

Quadrise has been active in the Middle East region for over 10 years, with a particular focus on the Kingdom of Saudi Arabia. The potential economic and environmental benefits of adopting MSAR® technology in the Kingdom

Quadrise Fuels International

Quadrise Fuels in America

Quadrise is proud to have been active in the Americas for over 10 years. By deploying MSAR® technology in the region, significant economic value and environmental benefits can be rapidly achieved and Quadrise has produced the

Quadrise Fuels International

The heavy fuel oil problem

The oil industry has a problem. There are supply and demand imbalances from both quantity and quality perspectives; with crude oils and refined products invariably not where they are needed and not of the quality that

Quadrise Fuels International

What is MSAR technology?

MSAR® is a low viscosity oil-in-water emulsified synthetic HFO. It is manufactured using proprietary technology to mix heavy residual oils with small amounts of specialist chemicals and water to a bespoke formulation. The resulting emulsion contains

Quadrise Fuels International

Quadrise Fuels: bioMSAR and MSAR Projects

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

Quadrise Fuels International

Quadrise Fuels updates on bioMSAR and MSAR projects

Quadrise, the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, low-cost, cleaner alternatives to heavy fuel oil and biofuels, is pleased to provide an update on progress in relation to bioMSAR™, the Company’s new cleaner,

Quadrise Fuels International

Heat & Power case study

MSAR® is commercially and operationally proven in both steam boilers and diesel engines. It can be supplied directly from candidate refineries and delivered to a power plant using conventional infrastructure designed for heavy fuel oil. STEAM BOILERS Over 60

Quadrise Fuels International

MSAR marine case study

MSAR® is operationally and commercially proven as a marine bunker fuel in both 2- and 4-stroke engines. It can be supplied directly from candidate refineries and delivered to marine vessels using conventional infrastructure designed for marine