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I seem to recall Jason mentioned Rotterdam and Singapore specifically when discussing roll out some months back. It would certainly be good for us to be part of such a partnership.
https://www.biobased-diesel.com/post/world-s-longest-green-shipping-corridor-to-be-established-between-the-netherlands-and-singapore
Again the anecdotal evidence is adding up to the Refiner being Shell. Only by having a behemoth of Shell's size and resources can they make it work. So this new green corridor between the 2 biggest ports is another little piece of the puzzle taking shape.
Yes. But we're talking about power. Reply from Jason re Germany
"Yes, we’re keeping an eye on this – albeit we need to focus on fuel oil replacement rather than diesel/gas opportunities due to emissions restrictions using heavier fuels."
Semaphore red MGO IS DIESEL and yes it is a direct competitor with msar ,if you could replace mgo witn msar as I've said before saudi would be 17billion dollars better off the worlds shippimg fleet would be able to cut costs significantly
yes one of those buys today was mine £1000 - cannot believe that we are so low after the
MSC news and the very hopeful signs from Utah and Morocco - been able in past few months to level down from 11p to 5.5p and will put in more when I can. All I can say to those who can afford it is to buy in - surely it cannot go much lower but I understand the cautious to invest given the appalling record of "imminent" QFI -( D.O.N. spes iusta non est MK imminens!)
best wishes to all the genuine ones especially us LTH's
Another Shell interview that's worth reading. It appeared 9 days before the one Vince posted at the start of this thread.
https://shipandbunker.com/news/world/498429-interview-shell-sees-range-of-hydrogen-based-fuels-emerging-but-fossil-bunker-demand-persisting-to-2040s
16 trades today so still nothing really matters. Like some have said if a commercial contract comes in a month or 2 I would say we could see 50x that number. Then the price sorts itself
More of Shell NOT greenwashing....
https://www.investegate.co.uk/itm-power-plc/rns/refhyne-i-start-up-in-germany/202107021410480576E/
As I have pointed out before there are power stations burning heavy fuel oil, right on our doorstep that Qfi could use to demonstrate Msar/BioMsar in a setting that is much quicker and less troublesome than 5hose at present.
https://www.ssethermal.com/flexible-generation/operational/tarbert/
Tarbert power station in the Republic of Ireland being a classic example
The station comprises two 60MW and two 250MW oil-fired turbines. Its principal function is to help maintain security of electricity supply in Ireland’s all-island Single Electricity Market (SEM) by being available to operate on quick responses to peaks in national energy demand. The station will be required to close by the end of 2023 in line with EU emissions regulation.
In light of current events, this power station lifespan could be extended with use of Msar/BioMsar.
In last years there has bin a big Green shift in Shell. Check the owners structure changes in last years and who is on the board.
So Shell is Not greenwashing it has been green bought out :D
Stumpy totally agree with the jam tomorrow, after so many years not 1 contract signed and we are at all time lows. We have just released transformational news, however this has had opposite affect on share price with heavy selling sending the share price back to all time lows. Others have provided excuses for the low sp, however my opinion is that the BOD is responsible for shareholder value, imo they have only been interested in their own pockets. Key example the recent options rns, get the sp to 3p and they will be rewarded. This is my opinion only. For me this is a lottery ticket, 50/50.
We don't have any significant oil-fired power stations in UK any more, and those consumers that could potentially work with oil don't have scrubbers, and hence they would not meet the sulphur emissions regulations in UK (amongst other things). HFO has not been a popular fuel choice in UK industry or power for a long time.
Shockingly, the QFI team has thought about this, and is trying to work in jurisdictions that have either have different emissions regulations and/or are using scrubbers.
There may be bioMSAR opportunities, as it can run more easily on diesel engines and can get under the sulphur cap by virtue of glycerine content, but QFI have their plate full with 3-5 large projects already.
Anyway, probably not worth wasting too much of our brain power on trolling/deramping.
Yes, because they feel they have to not because they’re leading the way, keep up!
You can't call the below greenwash. Shell are forking out big money to buy up all the green companies they need in order to hit their Carbon Neutral targets. It's the same with all big oil companies, they know the change is coming so they are moving into all forms of clean energy in a big way.
https://www.shell.com/media/news-and-media-releases/2022/shell-completes-acquisition-of-renewables-platform-sprng-energy-group.html
https://www.shell.com/media/news-and-media-releases/2021/shell-completes-acquisition-of-solar-and-energy-storage-developer-savion.html
https://www.shell.com/media/news-and-media-releases/2021/raizen-ipo-aims-to-accelerate-growth-of-shells-renewable-energy-joint-venture-in-brazil.html
https://www.shell.com/media/news-and-media-releases/2021/shell-accelerates-drive-for-net-zero-emissions-with-customer-first-strategy.html
I think it’s fair to say that the “GoM” carrot was dangled for many years by successive CEO/Chairmen. It used to get us excited but in reality there was nothing there, proof is in the pudding as they say.
If they do get involved now, it’s because they have to as public opinion and crucially industry opinion, has shifted towards lower carbon fuels. Their partners like MSC lead the way in this regard.
Would GoMs have bothered if the status quo had prevailed? I doubt it very much, so yes some of it IS geeenwashing in that they are following rather than leading, and belatedly joining the “save the planet” movement. In the past they spent £Billions collectively trying debunk and obscure man made climate change. Same attitude as the tobacco companies, putting shareholder interests before human health and environmental health.
stumpy10,
What an absolute load of garbage.
Big oil have NO CHOICE but to get on with fuels like BioMSAR, MSAR Biofuel, LNG, etc because the clients DEMAND IT, and the IMO legislate it.
Shell and other oil companies are just greenwashing why would they want to kill the goose that laid the golden egg, mgo makes vast profits for them all through the history of qfi way back to orimulsion big oil has stepped on qfi and as to the mysterious global major onboard that was spouted by the directors for years,but investers didn't challenge this, we have been conned
Many of QFI employees have worked for Shell and the connection is still active with MSC. I believe in one moment Shell will come to Petroteq and QFI to solve some problems with the oil sands investment and to get technology for the expansion market with transition fuel…
A Global Oil Major was mentioned a few years ago but never identified,. Just wonder if it was Shell.
Shell are the MSC partner for decarbonisation, so there is no way they are not aware of bioMSAR / MSAR trials, as bioMSAR is specifically targeting decarbonization, and MSAR is a transition fuel to lower carbon fuels like bioMSAR, Biofuels, LNG, Ammonia, Methanol, etc.
"Shell and MSC sign collaboration agreement on decarbonising shipping"
https://www.shell.com/business-customers/trading-and-supply/trading/news-and-media-releases/shell-and-msc-sign-collaboration-agreement-on-decarbonising-shipping.html
Between Tomco and us I think it’s another good time for a top up Friday, before things get crazy.
https://biofuelscentral.com/shell-supplying-hydrotreated-vegetable-oil-deutsche-bahn-rail-applications/
https://biofuelscentral.com/shell-lufthansa-group-sign-non-binding-mou-sustainable-aviation-fuel-saf-supply/
Seems Shell are involved in a full suite of Biofuels and so BioMsar/ Msar would be a good fit to their extensive fuels and lubricants for shipping.
I would still like to see Cepsa involved as well for the mediterranean routes and Morocco supply.
It really enhances the product by having 2 separate refiners on board.
This link is also interesting
Shell and MSC have worked together over the last 10 years on projects, including bunkering biofuels and trialling very and ultra-low sulphur fuels.
Vince72 interesting read
“One is avoid, which is just focus on the development and implementation of energy efficiency technologies. On existing vessels, how can we optimize to reduce the fuel that the vessel needs? We have software, such as the Just Add Water System and Air Lubrication. All these could reduce the fuel that the shipowner has to use up to 25%. We also can (use) lubricants that can reduce the fuel that we consume.”
https://www.google.com/amp/s/www.freightwaves.com/news/a-shell-executive-reveals-how-the-energy-giant-wants-to-decarbonize-the-shipping-industry/amp
Very interesting read.
Good intentions aside, “heavy fuel oil” is still the cheapest way to run a fleet of ships. So, it’s going to take regulations — or a cost-effective, breakthrough green technology — to convince shipping scions to meaningfully reduce their reliance on this fuel.
https://www.shell.com/business-customers/trading-and-supply/trading/news-and-media-releases/shell-and-msc-sign-collaboration-agreement-on-decarbonising-shipping.html
If this is going to work at scale. It can only really be Shell to do so surely. Considering the collaboration on developing MSAR 2 for the Maersk trial, they have been in the background since the beginning.