Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The issue I see no major will sign anything until they know for sure the business has funds to keep it going for another couple of years. The board have a catch 22 situation fund at these low prices or try and get something sign which will increase the price before funding. Not good that just about everything we were promised last year still has not moved forward
My main issue is news was exspected late last year.... We are now nearly in March and no news on new orders
Wonga
Its what I said at the AGM to preserve the cash. Could the board slow down the work on Zero until the have a commercial agreement. Jason did not want to do that
Advanced renewable transportation fuels derived from biomass present a very disruptive alternative for the aviation and shipping industries. With the successful outcome of this Project, we will confirm our ambition with our partners to be a major player in the sustainable marine fuel industry."
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:
"Quadrise is pleased with the progress made with BTG Bioliquids to date, and we are delighted to be now working alongside Euthenia under this new tripartite agreement. Advanced biofuels derived from woody biomass are expected to be very price competitive net-zero feedstocks. Importantly, the extracted sugars are water-soluble and therefore particularly suited for use with our oil-in-water emulsion technology for shipping and industrial applications. This latest collaboration is part of our wider plan to commercialise bioMSAR? sustainable marine fuel in major bunker hubs, as well as advancing our programme to supply bioMSAR? Zero by 2030 to reduce sector emissions of greenhouse gases and other pollutants using existing infrastructure.
Gerhard Muggen, Managing Director of BTG Bioliquids, added:
"BTG Bioliquids is pleased to have signed this latest agreement with Quadrise and Euthenia to accelerate our strategy of collaborating with partners to develop attractive applications for fast pyrolysis bio-oil technology. The successful inclusion of fast pyrolysis bio-oils and their derivatives into bioMSAR? will be a major step in decarbonising the shipping industry."
Jean Paul Chalot, Chairman of Euthenia Energy Group, concluded:
"Euthenia is pleased to initiate this major project in collaboration with BTG Bioliquids and Quadrise as technology partners, using our industrial site in Spain, leveraged by a unique background in the biomass industry and a location nearby the major Mediterranean bunker hubs of Algeciras and Gibraltar. Advanced renewable transportation fuels derived from biomass present a very disruptive alternative for the aviation and shipping industries. With the successful outcome of this Project, we will confirm our ambition with our partners to be a major player in the sustainable marine fuel industry."
Project Development Agreement with Euthenia and BTG Bioliquids
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce the signature of a Project Development Agreement ("PDA") with renewable biofuels specialists, BTG Bioliquids BV ("BTL") and Euthenia Energy Group Limited ("Euthenia").
As announced on 8 June 2023, Quadrise and BTL entered into a Joint Development Agreement ("JDA") to investigate the use of BTL's fast pyrolysis bio-oil ("FPBO") as a potential cost-effective renewable feedstock for Quadrise's bioMSAR™ solution. The JDA forms part of our strategy to deliver a commercially viable net-zero biofuel by 2030 whilst also supporting decarbonisation of the marine, power, and heavy industry sectors. Work carried out under the JDA has resulted in positive outcomes to date, with stable formulations of bioMSAR™ incorporating FPBO ("Pyrolytic bioMSAR™") being produced at the Quadrise Research Facility.
Building on this success, Quadrise and BTL have signed the PDA with Euthenia, an industrial group that is focused on developing, financing, and operating renewable energy projects and transition solutions for a low carbon economy. Euthenia have active projects and operations in Europe, North America and the Caribbean.
Under the PDA, a programme of lab and pilot testing, followed by diesel engine testing, is planned leading to a third-party commercial marine vessel trial. Euthenia will process ligno-cellulosic biomass feedstock at their facilities in Spain using BTL's FPBO and fractionation technologies, with the extracted sugars blended into Pyrolytic bioMSAR™ to provide sustainable marine fuel.
The work envisaged under the PDA is expected to accelerate the development of Pyrolytic bioMSAR™ and bioMSAR™ Zero to serve global shipping fleets in the Mediterranean, widen the global opportunities for BTL FPBO technology and leverage Euthenia's successful bioenergy and decarbonisation business.
A binding term sheet is expected to be finalised and signed within four months of signing the PDA to cover the larger diesel engine tests, the marine vessel trial and the future commercial relationships between the parties.
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:
"Quadrise is pleased with the progress made with BTG Bioliquids to date, and we are delighted to be now working alongside Euthenia under this new tripartite agreement. Advanced biofuels derived from woody biomass are expected to be very price competitive net-zero feedstocks. Importantly, the extracted sugars are water-soluble and therefore particularly suited for use with our oil-in-water emulsion technology for shipping and industrial applications. This latest collaboration is part of our wider plan to commercialise bioMSAR™ sustainable marine fuel in major bunker hubs, as well as advancing our programme to supply bioMSAR™ Zero by 2030 to reduce sector emissions of
Sorry We are where we are
ColdFishPie.....I'm heavily investedin QED...However the various management teams today and the passed have mislead II and PI with timetables, commercialisation targets...and this is our last major funding of course etc....
We are were we are. time will tell if we make a killing or not. I think its a reasonable punt
Fyoz .... its illegal to have a concert party and not declare it when purchasing shares with an end goal
I wish
Fyoz.... There's a long way to go before this business is de-risked however Cargill is a very good step in the rigt direction. If they did get 10% funding QED and decided to make an offer or aquire 29.99% and then make an offer what do you think it would be?
Today we have a market cap of circ £40m at 2.5p
So an offer at 25p would cost them £400m less the equity they hold at that time. Still a sizable amount of money
I believe once you have 3% you have to go public and each additional 1% has to be annouced. So we would know if anything is happening
Hotfinance. I agree very pleased they have been prudent with the cash this may give then a couple of extra months so pressure off on a funding ( but not for long ). You never know the $1m may come in sometime soon.
Listened twice now to the video Everything is still moving forward. However always seems to be new issues with additional unforseen agreements that need to be signed in a month.or the next quarter.
Happy with the update Everything still just around the corner and over the next hill.... we will get there
Tuckman
Well said
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At Cargill, we provide food,
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and sustainable way. We connect
farmers with markets, customers with
ingredients, and families with daily
essentials.
We lead with
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We put people first. We reach higher.
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Marine Project Update
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce the signature of a Collaboration Agreement with Cargill NV ("Cargill"), a major supplier of renewable biofuels, and MAC2 Solutions NV ("MAC2"), part of Group Machiels, with regard to the production of MSAR® and bioMSAR™ fuels for the Company's forthcoming marine vessel trials (the "Trials").
Under the Collaboration Agreement between the parties, the Trials will be carried out following the installation and commissioning of Quadrise equipment at the MAC2 facility in Antwerp, Belgium. Cargill will be responsible for the supply of feedstocks, as well as for bunkering operations to supply MSAR® and bioMSAR™ fuel, for the Trials. MAC2 will be responsible for the supply of jetty space, utilities, permits and ad-hoc support services during the Trials, whilst Quadrise will be responsible for the provision of MSAR® and bioMSAR™ technology and fuel production equipment and personnel.
Further to the Company's AGM Statement on 27 November 2023, this Collaboration Agreement is the first of a number of agreements with stakeholders that are required in order to supply MSAR® and bioMSAR™ to the MSC Leandra for Proof of Concept ("POC") and Letter of No Objection ('LONO') trials commencing Q2 2024.
Subject to the conclusion of the remaining required agreements, including a toll manufacturing agreement between Cargill and Quadrise in respect of fuel manufacture, Quadrise equipment is expected to be delivered to the MAC2 site to enable the Trials to commence in Q2 this year, following the receipt of permits for the Trials by MAC2. The Trials will commence with POC tests using MSAR® and bioMSAR™ followed then by several thousand hours of operation on bioMSAR™ in order to obtain a LONO from the original equipment manufacturer. Quadrise anticipates that the bioMSAR™ LONO trial will take approximately 6-8 months after the POC trials are completed within around 2 months, subject to the commercial route of the MSC Leandra during the Trials.
Upon successful LONO trial completion and entry of a long-term fuel supply agreement, the parties plan to seek to initiate commercial MSAR® and bioMSAR™ bunker supply operations to the marine sector by Cargill through the MAC2 facilities in Port of Antwerp-Bruges on a permanent basis.
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:
"We are delighted to have signed this agreement with Cargill and MAC2 to progress our plans for supplying MSAR® and bioMSAR™ to the marine sector from Antwerp-Bruges. We look forward to working with them as we prepare for the trials on the MSC Leandra in Q2 2024 and to a successful longer-term partnership as we progress to commercial supply."
BarkingCrazy
I doubt it....Just another LTH feedup with no news....I still think its worth the gamble
WaitingPatiently
Filtered you are on a different planet......December
Just re-read Jason AGM Statement from the RNS 27 November....Is it real or fantasy...Just cant beleive we are now in the second week of Fedruary and still the QED are on radio silance youcould not make this up.
The progress made in Morocco is vitally important to the Company as we look to progress to commercial supply there and to commence marine trials on board the MSC Leandra in H1 2024. Preparations for the MSC trials are now underway, with agreements expected to be signed by year-end. In addition, the Company expects to deliver commercial revenues from Valkor in the near future upon successful closure of Valkor's project financing.
I suspect they have something arranged (contingency) to push the button at the 11th hour should they not be able to progress whatever the main plan is.