RE: 20% spread !22 Sep 2020 18:47
QCC began in Canada in 2003, building its business around a platform of MSAR® emulsion fuel licenses granted by London based Quadrise Fuels International (marketing and manufacturing territories), Akzo Nobel N.V. (technology), and Worley Parsons (application). See Business Relations.
QCC has expanded its market reach globally by developing and adding additional technologies and product lines to its portfolio, such as CO2 emission solutions (MCST®), NOx emission solutions (MDxFLARE™), and enhanced heavy oil solutions (E2EOR™).
QCC majority owns DenimoTech A/S, (based in Denmark) who specializes in the design and fabrication of asphalt emulsion equipment and is the exclusive supplier of Akzo Nobel's fuel emulsion machinery.
Emulsion fuel technology was developed by British Petroleum (BP) in the mid 1980's. Under a joint venture between BP and PDVSA (Petroleos de Venezuela SA) the "first generation" fuel emulsion was produced from 9 API Orinoco belt crude. Orimulsion® grew to a sizable market of over 120,000 barrels per day, but was abandoned in 2006 by PDVSA for political reasons. In the mid 90's, MSAR® was invented by Quadrise Limited (ex BP researchers) using Akzo Nobel technology and additives to convert refinery generated hydrocarbon residues in the minus 2 to plus 8 API range to a finely tuned fuel emulsion for various applications. In 2008, Quadrise Canada innovated MSAR® SFO™ to a "third generation" whereby very heavy asphaltenes in the minus 10 to minus 2 API range, sometimes referred to as 'liquid coke', can be converted to MSAR® SFO™.
MSAR® SFO™ has been test burned in Wartsila diesel engines, in test furnaces at the Canadian National Research Council CANMET facility, in several power plant boilers in the UK, Italy, Sweden, in commercial boilers at the Alstom test burn facility in Connecticut, USA, in rocket engines designed for power production, at a Thermal heavy oil SAGD bitumen production project in northern Alberta, and in a 120,000 barrel test at a Lithuanian power station.
Do they pay QFI (UK) a Licence fee ?
Does this deal preclude QFI ( going into USA - Canada ) in anyway ?
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