Member Info for dustofnations

Hi, FunkyGibbon.

I queried the possibility of powering heavy locomotives/trains with MSAR several times at previous AGMs, but was batted away — with it being stated that even low-sulphur MSAR is too high in sulphur for inland use in UK without scrubbers (and we tend not to use scrubbers in UK).

You have to wonder whether bioMSAR might be compliant, especially with a low-sulphur feedstock?

We now know that it works very well on 4S diesel engines, after all.

AIUI, a nominal dividend is a regular yearly dividend of some predictable/fixed amount — as opposed to other types of dividend that are discretionary and might be a percentage of profits or some more arbitrary.

The idea is that it provides a baseline income predictability which is attractive to institutional investors such as pension funds.

Honestly, the Moroccan client has been extremely cooperative considering the technical hitches. Hopefully, that's a good sign that they are interested in continuing the collaboration well beyond the current commercial testing phase.

Why does it not surprise me that Shempsky is trying to push antivaxx disinformation and lies on these boards? Or that he idolises someone who believes extreme and embarrassing c-19?

No doubt it is because the same sort of disordered thinking that believes you can predict the future from tea leaves also readily subscribes to unscientific conspiracy theories, such as the health services "murdering people".

Seek help from a qualified professional.

Reported and blocked.

Hi, Fyoz. They are not going to be using a refinery for the trials (likely for the reasons you have mentioned), instead the plan as outlined by JM was that they will use a terminal and likely HFO or similar as a substitute for resid during the trials. That will expedite the process significantly as they won't need to wait for an annual refinery maintenance slot.

JM claimed they had secured and validated the necessary glycerine supplies, and now it is a case of selecting a terminal with the necessary permits for biofuel blending, storage, bunkering, etc.

Make of it what you will and apply necessary salt given the usual inaccuracies on timelines.

Permits for the trial wells are still pending DOGM's approval also.

DOGM indicated during the DOGM Board meeting that those permits should be approved/finalised very shortly (for the original trials wells, not including the one requested this month).

You can see on the Utah Data Explorer what the current status is. It has been a very long road for them.

Your memory is correct, clients have shared costs for expanding/new facilities in the past.

As I understand it, big pharma have deep enough pockets that expediting challenge trials by some significant period of months will easily pay for itself by getting the product to market sooner, so chipping in for HVO's expenses on expansion is worth it.

Pharma companies are also racing their peers on certain products to get to market first.

Great RNS, and yet another rather muted SP response to great news.

@Crownos, I suspect Valkor/HSO/ACO desired this approach because they believed they could demand better investment terms based on having approvals for the full commercial drilling plan rather than just the pilot wells.

I hope they change their legal team before the next hearings...

Valkor is a privately held company, but yes, legal team now seem to have messed up the slide order as well...

Valkor's geologist is extremely impressive, he speaks very clearly and has excellent recall and detail.

Hoodoo are trying to attack the legitimacy of the plans and whether the Valkor people brought up to testify are sufficiently involved and/or expert. I expect that's a tactic to inflict more delay as they are hoping they can inflict a continuance until next month or whatever.

Obviously Hoodoo's avenues for attack have narrowed but not been eliminated, but Valkor's Inspector Clouseau attorneys seem to be doing their best to screw it up with their bumbling and bungling approach.

"please can you get nearer the microphone" (repeat 10 times)

AIUI, tomorrow is (finally) the unitization request hearing. This basically allows multiple legally distinct owners of land to pool together and operate as a single unit from an operational perspective, whilst clearly defining the relevant legal interests, procedures for divvying up the revenues, etc.

If that is granted — and let us hope the DOGM Board don't issue a continuance [legal term for 'delay proceedings'] until the courts resolve the contract dispute — then, AIUI, the underground water injection permits would subsequently be granted by the Department (DOGM). One would hope by now that they are essentially "ready to go", but let's see...

WongaFC. Hard to say without QED disclosing more detail, but I suspect a key difference is the period of time the system needs to operate at high load. I think the POC only operated for a couple of days.

This commercial trial is where QED are supposed to prove the system can operate continuously at full load, and that the fuel is capable of generating dried product of the required quality (thankfully, the latter part does not seem to be problematic).

The fact QED refer to the issue as a progressive failure suggests the pump was operating well for a period of time before degrading slowly. With a short POC test the issue might not have had time to become evident.

As others have pointed out, whichever factors caused the pump to fail (e.g. pressure, sediment, imbalances, etc) may have been tolerated initially, but over time may have degraded the pump until it could not sustain the required performance.

Bern (head of projects) is a mechanical engineer and expert machinist & fabricator with immense experience. QED have a range of consulting engineers they use whenever needed.

We will need to wait for them to perform a root cause analysis on the pump and/or PHU to identify the defect or design issue. Without that we're flailing around in the dark with our guesses (understandable given the information vacuum).

I'm as frustrated as anyone else at the lack of information and the repeated stumbling, but it seems they will get another shot in a few weeks...

CFP - that seems like the worst possible advice. Morocco is likely one of QED's best opportunities to get serious revenue generation through the door as it's a simple industrial heat use-case which would guarantee high usage year-round. The company could become profitable from Morocco alone.

Yes, there's a problem with the PHU design and/or equipment, but that is essentially unrelated to the MSAR fuel technology itself. They need to sort it out and do a proper root cause analysis, but it's not a fundamental problem given the wide range of pumping solutions available.

Let's not throw the baby out with the bathwater.

The fact Quadrise are getting another shot at this, rather than being kicked off, is likely of significant credit to our agent...

QED surely will only get one more chance at this before the client loses patience. What a sore disappointment.

I don't understand how they could not have pressure tested appropriately (including in a time sense).

Please, please, please, do not screw this up again 🙏...

Early September not far away.

Note also the RNS says they began the tests began early last week, so it seems they were running for a while before they had to pull the plug again.

I forgot to add, Mo mentioned that a significant new benefit of the programme is they are not just recruiting people for challenge studies, but also for phase 1 trials (and potentially beyond).

For example, many people might not qualify for a challenge study because they already have antibodies to a particular pathogen, or they may have some kind of morbidity that disqualifies them (made up hypothetical examples: asthma, psoriasis, etc).

However, in future, there could be a phase 1 trial that is seeking to establish baseline safety and efficacy on those diseases, and now HVO have a pool of people to contact whom may be willing to participate. That's great for all involved and widens the utility of the programme far beyond challenge studies.

I think this is an area that has been under-appreciated.

There is an incredibly dense comment underneath the tweet complaining that this programme is not useful for shareholders.

In return for a healthcheck, HVO get the opportunity to ask a significant pool of visitors to sign up as volunteers and collect their relevant information and sample(s) at the same time. Win, win.

It's completely normal for shipping companies to dynamically add, remove, and modify stops from any given vessel's routes as they deem necessary to serve customer and commercial interests. There's no significance to read into it.