focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Some info. on ETS, be nice to get info. on the differences of costs related to using Msar and BioMsar to see the likely savings, BioMsar was somewhere in the region of 50% less Co2, so possibly 50% less to pay, not insignificant now but come 2026 the costs are going to be painful.
https://www.siglarcarbon.com/post/carbon-cost-enters-the-maritime-everyday-business
Buying emissions allowances for a transatlantic (extra-EU) tanker voyage in 2023 would cost approximately 11 000 USD. For a typical intra-EU voyage the carbon cost would be approximately 9 000 USD. In 2026, once the emissions are fully phased-in, the cost would be 57 000 USD for the same gobal EU voyage and 47000 USD for the intra-EU voyage.
With the maritime sector now (finally!) included into the scope of EU ETS (Emissions Trading System), shipping companies will have to purchase carbon allowances for 40% of their fleets’ emissions in 2024, rising to 70% in 2025 and 100% in 2026. Solutions are needed, and Quadrise’s technology plays an important role here.
AKHM
There are terminals and refineries that already have the MMUs in situ for the manufacture of aphsalt. Minor tweaks to hardware and software would enable these colloid mills (MMUs) to manufacture Msar or Biomsar. Purpose built stand alone colloid mills are the better way forward as they are purpose made for Msar manufacture. So in theory wherever the Morocco fuel was manufactured, the trial volumes for MSC could be manufactured. Obviously not knowing the location doesn’t help
That’s the point of pre revenue companies, cheap to take a punt on. Once revenue generating the price you see now will be long gone. Easy to wait until it’s commercial like the big institutions do, they don’t like risk either.
Thanks for posting Vince, interesting to see Panama and Honduras as shipping fuel hubs, that’s a new one, my take was power generation at those locations
Separately, work continues under the Joint Development Agreement with Vertoro to investigate the use of their Crude Sugar Oils as an alternative biofuel feedstock for bioMSAR™, costs for which are now supported by the EU Innovation Fund.
I think we will see allot more of this kind of funding once they strike the balance of feedstocks for Bio Msar, its from the Vertoro collaboration that the Bio Msar Zero will be created, Utah feedstock along with glycerine and Vertoros Goldilocks could well push the boundaries of net zero, just need Steve to get a wriggle on now
Bio Msar, which I thought was to arrive after Msar, has cleared customs and is at client site, Msar is still at customs, they contain the same properties only Bio Msar has Glycerine, this must be a document error and should be sorted quickly, the team have been to the client sight already this year.
To be fair, it only matters that the ship gets its **** into dry dock, gets hooked up with scrubber and gets the trials underway, location of dry dock doesn’t matter too greatly as long as it’s done in a timely fashion,, time is ticking on.
Look forward to an update from our Board if your looking in
If the end result of the journey works the ship in to dry dock, that will give us a bit more light on proceedings. Jason said end of December for dry dock so it’s plausible that MSC had to redirect for one reason or another.
Also if she’s destined for dry dock then there’s a good chance the fuel provider will have been selected, be nice to get some updates.
Fri 27th 0600 Jan 2023 ABU DHABI IW252R
The voyage number changes after this port call and no further itinery is listed, would be good to see her lined up for dry dock at long last.
The thread at the time was relating to an enquiry about MSC investing in Quadrise, the link was in regard to MSC’s commitment, these shippers are investing in future fuels and I would gladly welcome MSC as a partner for QFI, just wish they would get a move on
MSC Rallies Net-Zero Momentum at Maritime Transport Efficiency Conference
Homing in on the central nature of improving energy efficiency to our decarbonisation efforts, Prabhat Jha, CEO, #MSC
Prabhat Jha, went on to highlight MSC’s partnership on a proof of concept with fuel supplier, Quadrise, to use cleaner and more efficient fuel. MSC will trial the use of Quadrise’s oil-in-water emulsion fuels (MSAR and bioMSAR), which produce 25% less NOx and lower CO2 emissions. Trials are set to commence in Q1 2023 and to be completed by Q3 2023.
Just looking at the last fundraise, as of June 2020 the company had £2.4 million, they done a placing in March 2021 for proceeds of around £6.5 Million.
June 2022 the company had £4.4 Million, so in an ideal world, any fundraise should be 9 to 12 months away, assuming current spend.
March 2021 statement:-The net proceeds of the Placing, together with the Company's existing cash resources, are expected to provide the Company with the funds required to progress the Company's current trial programmes through to commercial revenues in order to achieve sustained income and positive cashflows.
the Company know that being able to deliver good news flow will be as important as ever and the Company have invested significant further effort into our PR/IR activities to support this.
Jason needs to read previous comments and stand by them.
I would think the main emphasis for the board now is getting the 2030 variant of biomsar zero ready by 2040. Seemed to take up quite a bit of Jason’s time at the AGM enlightening us on their goals for the future
The cut off date for these warrants has expired, so what incentive does Younnes have, there needs to be a renewed representation agreement to incentivise our representative.
A second tranche of 10 million warrants will be awarded upon signature of contracts, by no later than 31 December 2022, enabling a commercial MSAR® project in Morocco. On vesting, these warrants may be exercised at any time until 5 March 2024, at which point they expire.
? A first tranche of 3 million warrants will be awarded upon signature, by no later than 30 June 2022, of the updated Material Transfer & Cooperation Agreement between Quadrise and the client in Morocco. On vesting, these warrants may be exercised at any time until 5 March 2023, at which point they will expire.
As a result, and pursuant to the Morocco Representation Agreement (as amended) between the Company and Younes Maamar (the "Consultant"), the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.
So given todays price, unless something dramatic happens he isn't going to be rewarded by purchasing these shares, so 2 months to get the share price up or Younnes has worked for nought.
Jason did say that they the bod. Do read these boards, let the have it.
Manu19, I don’t think they are back in office after Christmas as yet
Hi 46G
Thanks but I have already E-mailed IR the this morning with regard to the financial matter and also to ask why Mathew Bridgeman's post hasn't been filled, and with regard to the Morocco fuel, whether or not it has been released from customs, a few other queries also.
Any reply I will gladly share