Member Info for 46Gillingham

Lowlife I'm not sure they are buys.....That price yesterday was a sale?

I missed this. Is everyone else aware of this....No doubt MSC will be highlighting the benefits of MSAR

On 2 February, MSC and other shipping lines in the “Getting to Zero Coalition” joined His Royal Highness The Prince of Wales for a virtual roundtable discussion on how to accelerate decarbonisation in shipping.

As a member of the coalition, MSC helps facilitate cross-sector knowledge sharing and collaboration building on top of its own efforts to reduce emissions from the fleet. The discussions considered how HRH The Prince of Wales’s Sustainable Markets Initiative could help support the shipping industry’s efforts to overcome barriers to decarbonisation.

The Getting to Zero Coalition is coordinated by the Global Maritime Forum and brings together a wide spectrum of more than 170 companies to collaborate on implementing the UN IMO’s goals to reduce greenhouse gas emissions from shipping. To accelerate the transition to a zero-carbon future, the coalition members are working together to try to introduce commercially viable zero emission deep sea vessels into the global fleet by 2030 – an ambition which is consistent with what MSC has been working towards in recent years.

MSC’s longstanding commitment

MSC has a long-standing commitment to invest in its fleet to improve energy efficiency and help reach the ultimate goal of a zero-carbon future.

The company is already actively exploring a range of alternative fuels and technologies, having pioneered the use of bunkering up to 47%-blended biofuels and having recently joined the Hydrogen Council.

MSC also offers its customers an option to fully compensate any unavoidable carbon emissions caused by the transport of their cargo through MSC Carbon Neutral Programme, further helping to bridge the gap between shipping today and the zero-carbon future.

To know more about MSC’s sustainability approach, please visit the dedicated page msc.com/sustainability where you can also download all MSC sustainability reports published to date.

Great Video
Now that would be interesting if QFI could become a partner alongside Shell and MSC

Quadrise Fuels International plc: Posts | LinkedIn

try this

https://www.linkedin.com/company/quadrise-international-ltd/posts/?feedView=all

Interesting new video on QFI linkedIn

Ive also picked up 400k this afternoon......Think it will keep sliding without some good news.....

foxm
I emailed Jack Jordan the editor of Ship and bunker your thought and his reply:-
Thanks ****** As far as I recall, Maersk tried out MSAR a few years ago. I think they gave up on it after the initial trial for some reason.
Best wishes,
Jack Jordan

Jack
Yes they did. However half way through the test the Maersk container ship hit a shipping buoy and needed repairs so they gave up and went down the scrubber route.

Time will tell as to whether this was the correct decision.

Morocco 2.2m
European Union 24.7
Actually looks like EU has vaccinated about 10x more than Morocco

https://ig.ft.com/coronavirus-vaccine-tracker/?areas=gbr&areas=isr&areas=usa&areas=eue&cumulative=1&populationAdjusted=1

Tomco RNS today
Based on the results of the preliminary work undertaken in March 2020, and in accordance with the terms of the MoU, TomCo and Valkor agreed, inter alia, to fund a Pre-FEED (Front-End Engineering and Design) study. The initial draft of the study provided sufficient evidence to TomCo's Board to justify establishing, in June 2020, a 50/50 joint venture with Valkor, being Greenfield Energy LLC ("Greenfield"). Greenfield has been established with the principal aim of developing a FEED for a potential 10,000 barrels of oil per day ("bopd") plant consisting of two 5,000 bopd trains utilising the Oil Sands Technology. The final results of the Pre-FEED study were released in September 2020, concluding that the likely cost of production from a 10,000 bopd plant would be approximately US$30 per barrel. Steps along the agreed path have included Greenfield temporarily taking over the operations and management of Petroteq's oil sands plant (the "POSP") in order to complete certain upgrades and improvements so as to enhance its reliability and increase its capacity to approximately 500 bopd. In early December 2020, the re-configured Petroteq plant works were completed, and, on 4 January 2021, mining work was started in preparation for the re-start of the POSP. Ore-processing began on 10t January 2021 and the POSP operations will be optimised with the target of producing 250 bopd per single shift during February 2021.



We expect the FEED to be completed in Q1 2021 following third-party verification works. A potential site on which to build Greenfield's first 10,000 bopd plant has been identified and is being assessed which includes a pre-existing Large Mining Permit and suitable site infrastructure to enable construction to commence swiftly once funding has been secured. Although there will be challenges ahead, our firm objective is to maintain momentum and make significant progress with this project in the near future.

Received the post below having asked the questions on the Tomco blog

PQE RNS 27/1/2021:

George Stapleton, Petroteq COO, commented: "We have brought the POSP online in stages since commencing ?processing operations in the week beginning the 11th of January, starting with commissioning of the front end of the ?plant and moving from ore crushing to mixing and extraction of bitumen. All upgrades are working as designed and ?the plant has shown that it should be capable of operating continuously. Once we have completed fine-tuning the ?various plant systems, we will then look to increase production rates and move to a two-shift operation. The relative ?ease with which the plant was restarted, after having been shut down for approximately nine months while design ?upgrades were implemented, is a testament to the hard work of both the design and construction teams."?

The clear priority of the current trial is for Greenfield/Valkor is to ensure that the plant is capable of continuous production. Only when they are happy with operations will they move to providing Quadrise with the test samples. Potential bunker fuel for Quadrise is just one of many sales products the plant will be capable of producing with the Petroteq technology.

No point sending samples if the plant doesn't produce! One important step first - hopefully they are nearly there.

Tomco RNS’s
18 Dec
All other elements of the project remain as previously announced, including that oil samples produced by the POSP will be sent to the Quadrise test facility from the first days of production to enable them to undertake test work in the UK. Further sampling will also be undertaken
Jan 21st
Further to the announcement on 6 January 2021, the Company is pleased to confirm that the POSP is operating and producing oil at the anticipated volumes and quality, with no issues to date. As at the close of business on 19 January 2021 the POSP had produced over 100 barrels of oil and the intention is to increase test production to approximately 250 barrels of oil per 12-hour shift over the next few weeks,

So we are now 17 Feb have the samples been sent to and received by Quadrise ?

https://www.linkedin.com/feed/update/urn:li:activity:6767819793358819328/

Message sent I'll share the reply if I get one

Tomco RNS’s
18 Dec
All other elements of the project remain as previously announced, including that oil samples produced by the POSP will be sent to the Quadrise test facility from the first days of production to enable them to undertake test work in the UK. Further sampling will also be undertaken
Jan 21st
Further to the announcement on 6 January 2021, the Company is pleased to confirm that the POSP is operating and producing oil at the anticipated volumes and quality, with no issues to date. As at the close of business on 19 January 2021 the POSP had produced over 100 barrels of oil and the intention is to increase test production to approximately 250 barrels of oil per 12-hour shift over the next few weeks,

So we are now 16 Feb have the samples been sent and received ?

BC
I think to be safe in future every deadline they publish lets add a couple of month

Funding to mid-2021
I would read that as June-July…
So the company needs to put additional funding in place well before this money runs out. Mike will be busy with this upto end of March hopefully with funding in place before end of April I would guess., possibly extending this into May if their is some extra good news in the pipeline .

So to make the funding easier and at a higher price QFI needs Morocco phase 2 trail scheduled for Q2 2021 to be at the earliest possible date. Greenfield to confirm Oil samples and get them over ASP. Then QRF working overtime and turnaround the results in a week rather the 3 weeks quoted. Announce the second marine company….Plus hopefully Aquafuel may have some additional news over this period.

What is anyone's thoughts as to whether any of this new will increase the SP?

Indigo2015 I'm happy to do that.

Whats the current monthly burn and current cash position? As a rough guide with the last £500k just raised I believe that should take the company through to mid Q3

" Quadrise is still awaiting the receipt of oil samples at QRF from Greenfield "
This is very frustrating and annoying that Mike was not able to give any dates as to when the samples will arrive or even say if they have been dispatched

They really need to get some good PR coverage in the national press on this ….Sadly they only have a city PR firm