Member Info for 46Gillingham

In one room Rolls-Royce engineers explained how they can already run the world’s existing fleet of passenger jets on 50pc clean fuel, with 100pc clean energy engines being tested successfully, and with the prospect that this fuel will be generated by small modular reactors.

The company is already flying an electric plane at world record speeds of over 300mph. It is quieter and more efficient than existing aircraft, and cheaper than expected.

“In 2025, you will be able to get on an aircraft with a Rolls-Royce electric or hybrid engine. We’ve got large orders: this world is coming,” said Matthew Power, the project leader.

In another room, the world’s biggest shipper, Maersk, explained that it would launch its first zero-carbon ship in 2023, seven years earlier than thought possible. It will never again build a vessel that runs off fossil fuel.

Starting H1 2021 ( if Q1 which I doubt ) then It could finish in H2 with a following wind.
Looking at whats been reported over the last year on MSC progress I would not be surprised if it starts late and finishes 2023...

Until we have clients or signed commercial contracts.....Similar to the last 2 years IMO the SP will move between 2p and 4p with the odd visit up to 5-6p

VLS have just announced some customers. This could/should be QFI soon, VLS have had nearly 100% increase in SP over the last few days. Just think what may happen when we have a couple of contract signed...Its what we have all been waiting for
"10-year offtake MoU for 73 million US gallons of carbon negative SAF by IAG
Alongside offtake agreement with Southwest Airlines, offtake in place for 100% of Bayou Fuels SAF"

Sold my holding a number of years ago....Lost a small fortune but keep an eye on VLS as I love the story......Bought back in yesterday with 2 orders 150,000 already every happy

Had to get away from the rain Sussex climate for a couple of weeks.
Just hoping this becomes a prefect holiday with some wonderful news from BOD before I'm back for the AGM

boyporche….I also remember him last seen at the AGM in the Hotel at the side of Victoria station

Will these points be successful by EOY

Q4/21 Morocco Complete trial Site B
Q4/21 Greenfields Sucure clients for Utah fuel
Q4 Further enhanced testing at Aquafuel on high-speed 4-stroke test engine.
Q4/21 MSC Finalise LONO Trial Plans

Americas – Using our regional agent network we are
progressing projects in Panama with power generators,
and in Mexico and Ecuador with the state oil companies
and utilities respectively and look forward to providing
updates as these projects progress.

Morocco – Our industrial client in Morocco is a major
consumer of HFO. Since the successful pilot plant trial in
October 2020, our plans have been impacted by COVID
related travel restrictions causing delays to the trial
will then take place at “Site A” later in Q4 2021 or early
Q2 2022 with shared trial costs reimbursed to Quadrise
under a separate agreement. Assuming the successful
conclusion of these trials, the intention would then be
to conclude a commercial supply agreement covering
one or more of the client’s sites in Morocco during
Q1 2022.
programme. Following the easing of these restrictions,
our Head of Operations, Bernard Johnston, was able to
visit the site (“Site B”) in August 2021 in order to prepare
for the next stage of the programme; the combustion
of 60mt of MSAR®. The site consumes around one
third of the client’s annual HFO consumption. The
Site B trial is now expected to take place in early Q4
2021. Testing of bitumen samples for the MSAR® fuel
production has now been completed, with production
scheduled to commence in Q4, and shipment of the
trial equipment to the client site organised for October
2021. The Site B trial results and a feasibility study for
MSAR® use at a second client site (‘Site A’) are expected
to be delivered to the client in Q4 2021, with Quadrise
receiving £0.1 million. A subsequent commercial trial

Utah – Our project in Utah involves using MSAR®
technology to emulsify low-sulphur 10-13° API heavy
oil that can be recovered from the billions of barrels
of oil-sand deposits located at Asphalt Ridge in Utah,
USA. Oil samples were provided from the Petroteq
Oil Sands Plant (“POSP”) operated by our client,
Greenfield Energy LLC (“Greenfield”) which is owned
by AIM-listed TOMCO Energy PLC. Due to both COVID
and adverse weather conditions, the POSP start-up and
commissioning process experienced delays, resulting
in the required oil samples from site not being received
at QRF until August 2021. During August our RDI team
at QRF successfully converted these samples to both
MSAR® and bioMSAR™, and in September a report was
issued to Greenfield in accordance with our Commercial
Trial Agreement, as announced. Quadrise are now
working with Greenfield to finalise the plans for future
commercial implementation.

MSC – In January 2021 we were delighted to announce
the signature of a Joint Development Agreement with
MSC Shipmanagement to carry out LONO (‘Letter Of
No Objection’) fuel trials on board their commercial
container vessels. We are now working to finalise the
preparatory work to enable these trials. This work
has taken longer than anticipated, as the availability
of engine manufacturer and Class Society resources
has been limited at times and the marine sector is
stretched due to COVID logistics challenges, and various
evaluations and tests of future fuel options. As a result
of positive results from bioMSAR™ testing on 4-stroke
diesel engines, MSC expressed an interest in advancing
the option of bioMSAR™ testing on their electronic
2-stroke engines alongside MSAR®. This is now our
focus, with a view to commencing commercial-scale
4000-hour LONO trials in H1 calendar 2022.

The work with MSC in the marine sector sits alongside our
other active projects in the industrial sector in Morocco and
the upstream sector in Utah with Greenfield. All of these
projects have progressed positively during the period,
though not always at the pace we would have preferred.

As Quadrise progresses the delivery of its key projects through 2022
and beyond, it will be building on strong foundations.

Highlights:-
2020-21 has been a year of substantial progress for Quadrise, despite the many challenges
faced during the pandemic. Rapid progress was made in developing bioMSAR™ from concept
to a proven fuel which delivers >20% reductions in CO2
emissions compared to HFO. Trials
in Morocco are now poised to commence following a successful on-site pilot trial, we are
now finalising plans for the next stage of our Utah project following positive test results, and
are advancing plans for the testing of bioMSAR™ along with MSAR on board MSC container
vessels. This momentum, alongside the funds we now have in place, is expected to take the
Company through to sustainable positive cashflows in Q1 2023.

Great Article

Personally happy with the share I have and will top-up once we have a commercial deal. May miss out on the initial rise when announced. Why take on additional risk?

ColinH….I agree
At the last funding the BOD granted over 3% to 2 II. Im very confident this time around they will be applying pressure to the board to make good on the timelines and promises, otherwise their support my start to diminish.
Now is the time to keep everyone on side. Surly now we need to see some urgency and real commitment from all parties with good communication.

I remember this time last year waiting for news and many times before.
Most mornings I still check the QFI site shortly after 7am just to see if a RNS has been released. currently with the heart sinking feeling "Oh Still no news" each morning.
QFI have a number of wonderful opportunities in its pipeline. At the beginning of the year we had clear timelines on the current projects which have shifted a little. Lets hope the BOD push these project and bring them in on schedule and cost. What I don't want to see is them all moving on with new extended deadline, with all the normal comment I read year after year its only a few more month etc...
I hope all the different management teams on the client side of these project are pushing just as hard as the QFI BOD to get everything over the line.
I'm certain once one project goes commercial others will follow with haste.

The Company's AGM will be held on Friday 26 November 2021 at 12.00 noon at the Park Plaza County Hall Hotel, 1 Addington Street, London, SE1 7RY.