RE: New build tech19 May 2021 15:03
I can never get my head around any form of gas being used as a fuel, especially when you consider the amount that would need to be carried on a large vessel. It is indeed highly flammable, you cannot see it, maybe you can smell it, even taste it.... but as when you see a house blow up, or a gas or oil rig explodes, the destruction is massive, not something you would see with MSAR or BioMSAR. My personal opinion id that to use any form of gas as a fuel and in such quantities and on vessels that will be travelling far from the beaten track would be considered reckless. But then I am not the penny counter or PR relationship manager for a big shipping company. My feelings are that if MSC can get this off the ground it is the perfect option for the commercial fleet and far more.
As for Utah, the upside if the extraction of bitumen from the sands can be proven to work is absolutely massive. I read somewhere that there are 2 trillion barrels of oil waiting to be extracted but only if this can be done with little or no harm to the environment. There are many historical problems with getting this stuff out of the ground but if we can be patient and the equipment being installed/upgraded can be made to work with an end product of MSAR that has advantages over the fuel being used at present in many industries the royalties to QFI could be massive. Would they need to have a contract tying them into Tomco etc in Utah, I do not know, but for now UTAH for me will be the big prize, even though it could take a while to generate revenue and of course they need to get past the recent hiccup.....