The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://www.proactiveinvestors.co.uk/companies/news/1036518/quadrise-steers-towards-net-zero-with-sustainable-shipping-fuels-1036518.html
Give Quadrise chief executive Jason Miles the chance, and he’ll wax lyrical about the intricacies of crude sugar oils, methyl esters and lignin cellulose, using a clutch of acronyms you’ve probably never heard of.
In layman’s terms, Quadrise is developing biofuels for the shipping industry to cut C02 emissions from 3% globally to potentially zero.
Thanks to Planenews on the Forum
Given the complexity of the upcoming news, Tripartite Agreement with MSC, Terminal, Oil Major, Bio Fuel suppliers, Corporate Banks and Governments, then the news may drop in several RNS's, they would probably need one contract signed before they move on to the next. As one is completed they would need to update the market, so hopefully we get few this week.
Good Luck
Quadrise is delighted that countries have agreed to transition away from fossil fuels to reach #netzero emissions globally by 2050 at the #COP28 climate summit.
Quadrise looks forward to playing its part in this process with our lower carbon and more economical MSAR® and bioMSAR™ transition fuel solutions and with the development of bioMSAR™ Zero to achieve a fully #netzero fuel by 2030.
BioMSAR™ is the renewable version of MSAR® incorporating c.40% renewable glycerine. This results in 20% lower CO2, 20-25% lower NOx and 7% higher efficiency vs marine diesel.
A formulation with 70% renewable glycerine is also possible, giving 50% lower CO2.
70% abatement of fossil fuels in the global fleet, power generation and any industry currently burning HFO.
imagine a 40 percent reduction in the use of fossil fuel in the global fleet, 40 percent renewable glycerine or biomass, to be increased in the future to up to 100 percent renewables, someone take ******* note.
December 10th 2023
https://www.linkedin.com/feed/update/urn:li:activity:7139727622204215296?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7139727622204215296%29
The global emulsified fuel market is expected to witness significant growth in the coming years. The increasing concerns regarding environmental pollution and stringent government regulations to curb greenhouse gas emissions are driving the demand for cleaner and more sustainable fuel options. Emulsified fuel offers a viable solution to reduce the harmful emissions caused by diesel engines, making it an attractive choice for various industries.
Quadrise Fuels International is a global provider of emulsion fuels and chemicals. The company offers a patented emulsion fuel technology, MSAR®, which allows the production of an ultra-low viscosity fuel oil on-site. Quadrise has a solid track record in the emulsified fuel market and has successfully demonstrated the benefits of its technology through various trials and projects. The company has experienced both market growth and significant market size, with its emulsion fuel technology gaining recognition and acceptance in several industries.
It would seem that the Morocco update was pretty much the trigger point for the MSC fuel supply agreements to kick in, pretty much the same time that Quadrise received the Aquafuel results which would also have been passed on to project stakeholders.
Any time now
From AGM Update 27th November
The progress made in Morocco is vitally important to the Company as we look to progress to commercial supply there and to commence marine trials on board the MSC Leandra in H1 2024. Preparations for the MSC trials are now underway, with agreements expected to be signed by year-end. In addition, the Company expects to deliver commercial revenues from Valkor in the near future upon successful closure of Valkor's project financing.
From Final Results 2nd October
Marine - Following the completion of key preparatory steps for the Proof-of-Concept and Letter Of No Objection ("LONO") commercial trials on bioMSARâ„¢ with MSC Shipmanagement during the year, Quadrise intends to conclude agreements with project stakeholders, which include a major global trading company, as soon as possible. Quadrise equipment will be installed and commissioned at the bunker terminal site ahead of the commercial-scale Proof-of-Concept and LONO trials on bioMSARâ„¢, which are expected to commence in Q1 2024 provided the relevant permits are received in time.
Manu19
From what Jason was saying at the AGM, we are very much part of the "one step closer", just Need Jason to spill the beans. Given the beans were to be spilled in December, you would think the coming week is the cut off for December before the holidays begin. Monday will do nicely.
COP runs until Tuesday, could still be signed during the event.
Shipping is at the forefront of technological innovation when it comes to decarbonization and at MSC our fleet renewal strategy includes 100 dual fuel vessels. We are proud to be part of this unprecedented collaboration with our peers and it is only right that together we follow this path towards net zero that we must achieve by 2050. The support of Governments across the world will be an essential element to reach our common goal and among those efforts we want to see an end to delivery of ships that can only run on fossil fuels. MSC has fully supported and committed to net decarbonization by 2050 but without the full support from other stakeholders particularly energy providers it will be extremely difficult to meet those objectives - no one can do this alone. Today it feels like we are one step closer in this regard, but concrete supply of alternative fuels and globally recognised GHG pricing are essential to achieve our goals.
Soren Toft
Chief Executive Officer of MSC Mediterranean Shipping Company
https://*********************/events/london-stock-exchange/cop28-outcomes-shaping-the-global-energy-landscape-for-a-sustainable-future-/1939
12 dec 23
cop28 outcomes: shaping the global energy landscape for a sustainable future
video conference
why would the london stock exchange have a conference on the above?