For shipping to decarbonize, fuels need to decarbonize. In order to be on track for full
decarbonization by 2050, 5% of shipping fuels must be decarbonized by 2030.
This is a tremendous challenge, as shipping falls outside the Paris agreement and, despite pressure from industry, governments and even the UN, there is no agreement on a target of zero emissions for the sector by 2050.
Biofuels are transportation fuels such as ethanol and bio-based fuels made from biomass materials. In many cases, these fuels are blended with fossil fuels (gasoline and distillate diesel fuel and heating oil) but they can also be used independently.
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.