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Blackwash
Appreciate your long answer. I looked at QFI latest report and account and could find any small shareholding mentioned about QCC....Only found the QCC site because I was looking at QFI latest LinkedIn posts and one of the followers was a director of Quadrise Canada?
46G, some more knowledgable old hands will confirm but I understood QCC was dead in the water, I believe the web pages you are viewing are from 2005-10ish, and nothing has happened on that front for years. DenimoTec is now owned by Bitumina.
A quick search on the forum I found a few notes re QCC.
There is a reference to TOT stating in 2013: 'QCC is independent of the Group and is responsible for its own policy making decisions…As a result, the Directors do not consider that they have significant influence over QCC and as such this investment is not accounted for as an associate.'
DoN also noted in 2019 ref Denimotec - ' In 2013 they were sold to Bitumina. QCC never seem to update their website.'
Finally RichP noted: Originally the MMU’s were supplied via a subsidiary created by Akzo Nobel called Denimotech.
Quadrise Canada then seems to have had a controlling ownership.
March 2011 RNS: 'QFI currently holds 20.4% of QCC which, in turn owns 87% of Denimotech, the Denmark based fabricator and supplier of the plant used for MSAR® fuels manufacturing.'
But:
In December 2012, DENIMOTECH was bought out and through a Merger & Acquisition with BITUMINA GROUP restructured in 2013 into a Multinational Group named DENIMOTECH HOLDINGS LIMITED with its head office in London, its manufacturing of plants and equipment in Denmark and Germany and its trading in Switzerland and the UAE (Dubai).
http://www.bitumina.co.uk/whoarewe.html
Found my answer
Quadrise Fuels International (QFI) is an independent publicly traded company on the AIM stock exchange in London England and is a co-developer of the MSAR® technology as a means to transform energy economics for energy companies. QFI is a shareholder of QCC and has agreements with QCC to cooperate on several global projects that will manufacture and consume MSAR® SFO™.
QCC began in Canada in 2003, building its business around a platform of MSAR® emulsion fuel licenses granted by London based Quadrise Fuels International (marketing and manufacturing territories), Akzo Nobel N.V. (technology), and Worley Parsons (application). See Business Relations.
QCC has expanded its market reach globally by developing and adding additional technologies and product lines to its portfolio, such as CO2 emission solutions (MCST®), NOx emission solutions (MDxFLARE™), and enhanced heavy oil solutions (E2EOR™).
QCC majority owns DenimoTech A/S, (based in Denmark) who specializes in the design and fabrication of asphalt emulsion equipment and is the exclusive supplier of Akzo Nobel's fuel emulsion machinery.
Emulsion fuel technology was developed by British Petroleum (BP) in the mid 1980's. Under a joint venture between BP and PDVSA (Petroleos de Venezuela SA) the "first generation" fuel emulsion was produced from 9 API Orinoco belt crude. Orimulsion® grew to a sizable market of over 120,000 barrels per day, but was abandoned in 2006 by PDVSA for political reasons. In the mid 90's, MSAR® was invented by Quadrise Limited (ex BP researchers) using Akzo Nobel technology and additives to convert refinery generated hydrocarbon residues in the minus 2 to plus 8 API range to a finely tuned fuel emulsion for various applications. In 2008, Quadrise Canada innovated MSAR® SFO™ to a "third generation" whereby very heavy asphaltenes in the minus 10 to minus 2 API range, sometimes referred to as 'liquid coke', can be converted to MSAR® SFO™.
MSAR® SFO™ has been test burned in Wartsila diesel engines, in test furnaces at the Canadian National Research Council CANMET facility, in several power plant boilers in the UK, Italy, Sweden, in commercial boilers at the Alstom test burn facility in Connecticut, USA, in rocket engines designed for power production, at a Thermal heavy oil SAGD bitumen production project in northern Alberta, and in a 120,000 barrel test at a Lithuanian power station.
Do they pay QFI (UK) a Licence fee ?
Does this deal preclude QFI ( going into USA - Canada ) in anyway ?
Does anyone know anything about QCC Quadrise Canada corp?
http://quadrisecanada.com/index.php
I think there are big investors who want in but at the keenest price. AIM is the most manipulated market around. Totally unregulated it would seem.
Could be we have to many pies in the oven
Pick the closest and concentrate on that... the others will follow
Happy days
Kurly
I don’t believe for the second the MM’s know enough about the share to plan for such a thing. I suspect the spread is just to account for any developments they’re unaware of so they don’t get caught with their pants down, it’s started off with a 25% spread every day for weeks now and tightens up early morning.
Looks like MM tree shaking, building up for big orders when the results are out on the Utah samples (or Morocco start whichever comes first)