The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The chicken and egg scenario has been a massive problem for Quadrise over many years, trying to sell or trial a product (MSAR) which doesn't exist. Lack of availability held up the Morocco trial, stretched out the Maersk trial, and due to Cepsa getting pi55ed off with waiting for Saudi to pay their electricity bill, Cepsa pulled the plug on that supply.
Having fuel manufacture available at a bunker hub could seriously open allot more business for Quadrise. There's been no mention of fuel for the Moroccon trial but someone will have to manufacture it and it could well be the same source as the MSC trial fuel, Cargill and Mac 2, the visit by the Moroccon client to QED towers could well be a joint meeting with Cargill for the supply of Msar and BioMsar to their site in Morocco.
I got the feeling from Jason”s interview that he’s had a kicking having missed the December tripartite agreement signing, everything now is the next few months, to buy him some slack.
Nice find h/f, the more parties involved with Valkor, the more chances we have of securing our funding.
Ill stick my neck out and say that the tripartite agreement definitely involves Shell as the Oil Major, our fuel is definitely to be manufactured and bunkered at Rotterdam and the RNS is being completed and worked through with the No/Mad and will be released no later than next Monday if not this week.
Just my opinion.
Turkey is conveniently placed (she’s been there before oh buoy!)
Any other major dry docks around the med?
Besitkas Shipyard doesn’t show MSC in their client list, can’t rule it out. Don’t know of any others but I’m sure there are some, the 300 metre length narrows it down considerably
If the dry docking was for anything other than routine then she would already have been docked. Routinely the ships need their anodes and anti fouling checking/ replacing, maximum duration 18 months. It should be quick.
The tripartite agreement needs to be in advance of the trial starting to allow for the MMU to be set up along with other logistics.
Morocco supply has to be a key carrot dangler for the go ahead from the terminal, probably why the agreements didn’t transpire until after the successful Morocco trial.
Whichever way, it’s time Jason let the cat out of the bag.
Small world, I also have a rich uncle Dai, he's wise, he would take in and look after your penniless widow, she could soon be worth a fortune. So on that note you keep hold of her.
Good luck whatever you decide.
From the emails received, including my own, the agreements have been reached and are awaiting signatures, given the holiday period isn’t yet over and Monday would be the first day for many, I would hope for an intra day RnS on Monday or early next week as the signatories arrive back to the grind.
Hope to be proved right
Jason’s unusually quiet on LinkedIn, he”ll be doing his damndest to keep his bollokcs off the chopping block, Vicky will be instrumental in the creation of the perfect RNS . Andy will be warming the wine, Phil’s at mince pies, Dave’s off to supermarket for a case of san Miguel and some champers. Not long now
Interesting Willswag, so the 4 million Euro innovation fund must be paying for a large portion if not all of the QFI R&D into Vertoro product testing, I would think the VTT testing on a 4 stroke engine of the CSO blend will be forced through at pace, entry into service for the fuel is the 1st June 2025. We've got enough glycerine for rollout to 2026, add the CSO mix in mid 2025, got to be BLUE CHIP in just over 18 months
Happy Days
I would ask myself, " what was in it for Jason to give a forward looking statement of news in December", the answer is nought. Given the results of the Bio Msar testing and the likelihood of net zero or near net zero by mid 2024, the eventual results from Morocco and the current partners we have, somethings gotta give. 2025 could see a vast fleet of ships sailing on our fuel.
Over 200 million tonnes of fuel is used by the marine industry every year ... By 2050, the industry needs to be a net-zero polluter; sustainable fuels are going to be in huge demand and BioMSAR-Zero is tipped for a 2030 debut’ writes This Is Money’s William Farrington.
In a recent interview, Quadrise CEO, Jason Miles, discusses the opportunity for our innovative bioMSAR™ fuel solution in helping the shipping sector achieve its #netzero target.