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"Where did you get your £750k figure from ? An average cost of a yacht ?"
Of one of their yachts, yep
Go with lust, it's a better fit
Typo, lust should say list, no idea where that came from!
Also, imagine how many yachting publications will cover it, all of the big ones and a load of the rest. That is a massive audience, not just of people that own a yacht and are wealthy, but also people that like to read those publications and dream of one day owning their own, plus all the people that pick up the magazine in a reception somewhere while waiting for their appointment, the lust goes on.
Willswag...Where did you get your £750k figure from ? An average cost of a yacht ?
Many, many fronts. I've been to these yacht shows for my work and imo you could give this fuel away for free and it'd still be worth it to have MSAR emblazoned on the side of a yacht at Cannes. The sort of people who go there are the dream for whatever business you're trying to do.
In a significant move towards sustainable luxury yachting, two innovative Dutch companies, Focus Motor Yachts and Vertoro have announced a collaboration to develop a sustainable luxury yacht line.
Vision
Vertoro, an innovative Maersk-backed company leveraging its own patented fuel-obtaining technology, a sustainable marine fuel derived from, but not limited to, lignin, will produce a number of carbon-neutral fuels and key materials from agricultural and forestry residues.
At Focus Motor Yachts we will make tailor-made design and engineering for our Vertoro-Powered yachts, with a focus on maximizing their sustainability potential and offer a market competitive solution to the most demanding clients.
Tim van Helsland, co-CEO and CFO at Vertoro, commented:
“It is time to bring our best practices from our experience in the container shipping sector to the luxury yachting market.”-
Focus Motor Yachts CEO, added:
“The environmental consciousness of our clients is increasing by the day, and they are demanding more sustainable options.”-
This innovative partnership between Focus Motor Yachts and Vertoro represents a groundbreaking step forward in the maritime industry, introducing a new era of sustainable luxury yachting that prioritizes environmental sustainability alongside unparalleled performance.
The official presentation of our innovative technology of the Powered-By-Vertoro Focus yachts will be announced at the Cannes Yachting Festival in September 2024. Stay updated on the latest developments and exclusive insights by following our social media channels and signing up for the below:
https://focus-motoryachts.com/united-for-sustainability/
Indeed Fyoz
And Focus Motoryachts also just announced a new distributor in Fort Lauderdale USA yachtCreators
It won’t take long for mr America investors to link QED with Focus/Valkor/Utah/Ocean decarbonisation
Jigsaw pieces are dropping in nicely now and we are certainly in a news rich period
More potential investors 😋
I think the whole pleasure craft arena could be a big opportunity for us. I imagine most recreational boaters have a tinge of conscience that they're polluting the very environment they enjoy so much. A net-zero fuel in this sector must be a sure fire winner, and it's a massive market globally. Another significant iron in the fire
All we need is a nod to say the testing is good, which from past experience should be expected, and we'll see a jump in SP.
Great news today, but I don't believe it will move the SP that much.
Interestingly this could be massive. Like has been said, maybe we will see some buying from multimillion investors who own these yachts. Certainly gives us a great shop window and will probably get us more headlines than boring old container ships!!
Focus Motor Yachts CEO, added:
"The environmental consciousness of our clients is increasing by the day, and they are demanding more sustainable options.”
This is one of our current projects. BioZero with Vertoro. Far more positive a move than you think HF14yo
If you’ve got £750k to spend on a luxury yacht you’ve got money to invest.
If you’ve got money to invest and you see a new opportunity billed as also a container ship decarbonisation development. . . .happy days
BioZero is what will make those who stay the course here rich beyond our wildest dreams. Who knows, I might even buy a motor yacht 😊
Good news but more testing. It is positive news on our current projects that we need.
The Focus Motor Yacht news from their site:
https://focus-motoryachts.com/united-for-sustainability/
A launch at Cannes festival in September 24
Bring it on!
That's more like it. 👍
Following the successful production and testing of stable blends of bioMSAR™ containing up to 40% of Vertoro's crude sugar oil (CSO™) at pilot scale, the Company and Vertoro have now agreed to extend the scope of the JDA to include the development of bioMSAR™ Zero incorporating CSO™ for testing at sea on-board a newly-designed prototype motor yacht.
The motor yacht will be built for Vertoro by Focus Motor Yachts under a recently announced collaboration between the two parties to develop a new sustainable fuel for luxury yachts. The yacht's fuel system and engines will be designed to run on fuels produced using the Company's bioMSAR™ Zero technology to combine CSO™ and other biofuels. Under the JDA, a land based testing programme to investigate the performance of both premixed and blend-on-board bioMSAR™ Zero solutions will be carried out prior to testing on board the yacht.
AKHM,
QED have said it many times, big companies are slow movers. They aren't kidding. But the lawyers are even slower movers as they get paid for every letter, phone call, word on a document, could be an eye watering hourly for MSC's lawyers.
https://aaronhall.com/which-lawyers-have-the-highest-rates-how-much-do-they-charge/
But the legal agreements must be flawless to all parties and there are three of them all wanting to make sure that the wording does not disenfranchise them in even the minutest way, so it is a laborious process of working out what each party wants written, then getting compromises, then putting the documents out for the 3 of them to read and give feedback, then repeat over and over until the final document is accepted by all parties.
JM said QED can get back really quickly. When you consider that their part is the smaller of the 3 and they have limited requirements (supply Surfactants, MMU, expertise, etc, and take a cut of the savings) so will unlikely have much they want changed at any point. Whereas the other two are huge and will take their time to get back, and also have big lawyers that have to look at it from the position of the massive companies they are dealing with, so will have round after round of back and forth with the contracts.
It will all get signed off when they finish nailing it down, simple as that, it has to conclude at some point.
You couldn't write it! You would think some of these companies would be fast tracking and prioritising everything to get these new fuels trialled, tested and into commercial production.
Https://shipandbunker.com/news/world/969118-hapag-lloyd-sets-out-challenges-of-biofuel-bunker-procuremen
Mildly amusing I have to say.
It is hard to figure out precisely what a realistic value for Quadrise is until the first deals are signed, revenues flow, and we see some formal results published. I think that's the first hurdle, but it will hopefully give us a very rough idea.
But there are several other important factors: it is highly likely that the first movers will negotiate and receive early adopter deals. And fair enough, they're being more forward-looking by acting as anchor customers, which benefits us. If that hypothesis is true, customers that come on board post-commercialisation could/should net Quarise better per-tonne revenues.
Another factor is that our products are also partly linked to commodity prices (conventional and bio), regulatory factors (CO2 trading), subsidies, etc. So, there'll naturally be quite a bit of variation.
In short, I think we can go from "thumb in air" to "ballpark" once first deals are signed and start flowing through, and then iteratively refine more accurate models and predictions that factor in the aspects discussed above.
It may multiply to what though . I want to see this company go to its highest potential so a multiplier from some positive RNSs won’t get it to where I want it to be . Only serious commercial revenues will do that. We all have our “get out “ price. Mine is high . Good luck to all !!
"Price will do nothing significant until commercial revenues."
This is AIM, the SP is all about future prospects, and it will explode with a couple of decent RNS's
Plenty of scope for you to rinse and repeat, as usual.