Member Info for haggismchaggis1

From Q&A on 4 October:
"We have a very good relationship with our Moroccan client and are dealing with the appropriate levels of senior management to progress the project, including key decision makers in client management. Our equipment is on site, the fuel is on its way to Morocco and the trial is scheduled to commence soon."

It's possible that the AGM and investor meeting have been scheduled to occur after the completion of the trial. Either way, we'll get an update on it in the AGM RNS for sure.

QUADRISE FUELS INTERNATIONAL PLC
Post-AGM Investor Update and Q&A
25th Nov 2022 at 12:15pm GMT
https://www.investormeetcompany.com/

Last year's AGM RNS, scroll past the AGM Statement to see the update given in the same RNS.

https://www.investegate.co.uk/quadrise-fuels-intnl/rns/agm-statement/202111260700066653T/

Nice of Pilling & Co Stockbrokers to choose the AFC Energy news in their AIM Bulletin today, which will have gone out to their clients.

https://www.pilling.co.uk/home/profiles/news-and-research/external-news/article/?category=aim-bulletin&slug=afc-energy-reports-success-in-methanol-fuel-tower-trial&story_id=11283212#

Yes, it has. I note how the advertised price ticks down on a buy, making it look like a sell, when all you need do is look at the previous few trades to see that the trade was a buy, and if it was a sell it would have been at a lower price than it was executed for.

Klunk,

Thanks!

AFC have said they will build systems with integrated Methanol Reformer or Ammonia Cracker, so my take on today's news is that they want to test the Methanol Reformer in a separate box alongside working on the integration, which is a longer process.

From the RNS and the one on Acciona successful testing of the Power Tower, I also suspect this testing was done ASAP to alleviate one thing Acciona brought up, being the supply of Hydrogen to all of their sites. No doubt many of their sites will be able to get Hydrogen delivered, so this about the sites where a question hangs over that, and AFC have now cleared up that question by providing a working Methanol Reformer and Methanol to Acciona's site in Spain.

And from today's RNS, not this system is targeting decarbonisation, so must be also targeting green Methanol.

"where hydrogen carrier fuels such as ammonia and methanol will play an important role to support the decarbonisation of industry"

A great example of green Methanol production. This is how it is made, and will make using it carbon neutral for Acciona in use.

https://renewablesnow.com/news/iberdrola-foresa-unveil-green-methanol-project-in-northwest-spain-798961/

Acciona, lots of green energy to make green Methanol from...

https://www.argusmedia.com/en/news/2189200-acciona-plans-ipo-raises-target-for-renewable-business

Green Methanol:

"The HFC system builds on the architecture of AFC Energy’s Anion Exchange Membrane (“AEM”) system and, in due course, will leverage AFC Energy’s ability to adopt green methanol as a fuel, complementing the AEM system’s ability to accept green ammonia, maximising the fuel flex approach to lower cost hydrogen carrier fuels."

https://www.afcenergy.com/news/press-releases/acciona-to-deploy-first-hybrid-fuel-cell-system-in-spain/

If it's Green Methanol, which Acciona will buy and may even produce from their own Solar and Wind farms, it will be Carbon Neutral.

AFC Fuel Cell systems will reduce the cost of power on sites because they will be cheaper than Diesel Genset TCO, but they will also reduce CO2 and therefore reduce the amount of money Acciona spends on offsetting.

ACCIONA

ACCIONA is a global company with a business model based on sustainability. Its aim is to respond to society's main needs through the provision of renewable energy, infrastructure, water and services. With a presence in more than 40 countries, it carries out its business activities based on the commitment to contribute to the economic and social development of the communities in which it operates. ACCIONA's goal is to lead the transition towards a low-carbon economy, equipping all its projects with quality criteria and innovation processes intended to optimise the efficient use of resources and respect for the environment.

The company has been carbon neutral since 2016, offsetting all CO2 emissions generated which it could not reduce.

He is, clearly. The meeting is not about politics, it's about climate change.

"and fully utilise the potential for this technology across all of our construction sites"

Well ahead of today's news, wasn't I.

GS,

I can't see many ii's coming in for much QFI stock until the MCap is £150m+. They do need to spread their risk across a lot of companies, but a small amount from a fund, in their eyes would be too big a percentage of QFI at anything below £150m MCap, and the risk level is too high for them right now anyway.

PI's will be all over it once the Morocco trial is completed successfully and it moves onto commercial supply, as that reduces the risk a lot, ahead of the MSC trials.

Prior and during MSC trials I see a lot of PI's taking a risk on a successful outcome, and that will push the price up more.

ii's will then be all over it on successful MSC trials and commercial supply agreement, at which point the risk drops to negligible.

Everyone is expecting news every trading day, that's how investing in listed companies creates anticipation and impatience. Based on the number of RNS with actual news about progress each year, there is no way we would get one RNS per week, let alone per day, even when sales are flooding in, as only the first few would be RNS's, after that they would only be RNS's if they are big orders that are deemed price sensitive.

No RNS on any trading day means feck all, and only a con man would suggest otherwise.

MDM,

You are asking the wrong question.

Loads of companies "have had a similar trajectory to QFI and eventually went commercial", but they could be making bog brushes or left-handed widgets, so none of them have any relevance to QFI.

What you should be doing is looking at the markets QFI are targeting, and the potential size of the revenue stream combined, versus the MCap.

MSC is the biggest shipping company in the World. As of August 2022 "MSC currently has 114 ships on order which will have a total capacity of approximately 1.5 million TEU. MSC was crowned as one of the largest container carriers in the world, according to recent data from Alphaliner. In the shipping analyst’s latest list of top shipping lines, MSC reached the top spot with a total capacity of 4,352,617 TEU across 665 ships."
https://www.porttechnology.org/news/msc-to-receive-worlds-largest-containership

Back in 2011 "QFI estimates that MSAR will save container vessel owners. $1m/vessel/year in fuel costs.". Since then, the spread (the amount QFI can save) has widened a lot, with the requirement to use low Sulphur fuels.

QFI could end up with 1/3 of the savings, as it's always been the plan that the savings would be split between shipping company, refinery, and QFI (the technology provider).

On top of that, there is the rest of the shipping industry for QFI to supply, and the power projects like Morocco, Americas, Mexico, and maybe even the massive Saudi once they see our fuels being used commercially.

Today the QFI MCap is a pathetic £31m. Go figure on where you think the MCap will go from here as QFI goes commercial.

Still wasting your existence here, I see. Your loss.

Its coming up to 3 months of use at Acciona this week or next week. I'd suggest 4-6 weeks of validation testing, if it's still performing as expected after 6 weeks then running it for a few months longer isn't going to prove/disprove anything (only running it for years would do that), so Acciona or their preferred hire company(ies) must already be in a position to place an order.

Fingers crossed for the next couple of weeks I'd say.

https://www.itv.com/news/london/2022-11-04/king-charles-passion-for-environmentalism-shines-at-climate-action-reception

Also check out the list of taskforces and members of them, I did spot Shell in there, amongst many others.

https://www.sustainable-markets.org/