(Alliance News) - Quadrise PLC on Tuesday said it has signed a joint development agreement with South Carolina-based renewable fuel technology firm Alder Energy LLC.
The London-based fuel and biofuel company said Alder Energy, which is known as Alder Renewables, is a biomass technology provider with "industry leading partners and investors".
Under the agreement, Quadrise and Alder will collaborate on the use of Alder's pyrolysis sugars product.
The two companies will look at the product as a "potential cost-effective renewable feedstock" for Quadrise's biofuel alternative bioMSAR.
Quadrise says lab testing success is expected to lead to small-scale diesel engine tests later this year to confirm initial viability.
Subject to testing success and the agreement of both companies, third-party testing in marine diesel engines would then be completed within 12 months.
"Fuels derived from biomass present potentially the most cost-effective net-zero biofuel solutions...This collaboration aims to broaden our range of feedstocks for bioMSAR and bioMSAR Zero, to provide abundant lower cost and lower emission alternatives to conventional biofuels," said Quadrise's Chief Technology Officer Jason Miles.
"This agreement also builds on the entry of JDAs with other parties with a view to enabling the company to increase its presence and further develop the business in the highly significant North American market."
Shares in Quadrise were up 1.5% at 4.17 pence in London on Tuesday afternoon.
By Michael Hennessey, Alliance News reporter
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