'Although there are currently no regulations enforcing BC emission limits, the environmental and health concerns provide a strong case to work towards reducing BC from ship operations. Looking towards the future, this may become even more important as the recently IMO-approved BC definition is likely to drive further research into the impacts of BC, potentially bringing about future BC emission regulations.'
...especially when a cheap way of eliminating it comes along.....
To add to PH's post, specifically my thoughts were with the Ecopetrol project, and I insert some extracts from the March 30th half year report. It would be a Toll Processing application that they refer to
''Recommendations would also consider the preferred nature and form of the joint venture. It was anticipated that the project might be QIL's first departure from the 'Licence Model' and would require investment by the Company in process plant, ancillary equipment and tie-ins to refinery services and control systems. When QFI raised new equity funds in March 2014, a part of the £10 million raised was to cover this possibility. ''
However should it go forward, given current circumstances, Quadrise may need to fund (potentially with other partners) the full capital programme and will therefore propose an equitable joint venture structure to fit such circumstances.
We do expect to be able to engage formally once the Ecopetrol organisation changes are complete. Quadrise is prepared for a Joint Venture structure requiring funding participation, but also intends, with Ecopetrol consent, to explore opportunities to add a suitable local funding partner - preferably with existing capability and access to HFO customers in the Central American market. In either event, the Joint Venture will be structured such that any funding requirement is easily covered from existing Quadrise resources.
So from todays reply
''While possible that the next order/s would be destined for KSA this would not be certain.''
Could mean perhaps the next MMU could be for another client outside of Marine of KSA projects, perhaps a refinery with onsite power generation, or dare I say Ecopetrol ???
Well done DPE, it looks like it is warming up, just wish IR were more direct in meanings instead of obfuscation! Still we should be hearing something this month, if earlyH" really is earlyH2, ergo July/August ?
Afternoon Sammagmil/Ricjhard/ADUK/BertyW/JPM, trust you all had a nice weekend with your loved ones, and if not, with your spouses ! Ha! Ha!
Excellent stuff DPE. The KSA pilot might be starting in just over 3 months time, so news must be imminent on that. Maersk contracts for the LONO supply must also be nearing signature stage, for fuel supply start in Q4. And maybe some other contracts for power generation in refineries too.
Exciting times ahead hopefully, we all deserve it for our loyalty and patience over the last 12 months. It's been like watching paint dry.
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