Member Info for jackg123

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How are MSAR® and bioMSAR™ solutions for marine decarbonisation?   

 

The collaboration with MSC Mediterranean Shipping Company and Cargill is pivotal to the Quadrise marine business, positioning us to accelerate our transformative decarbonisation strategy for the shipping sector, while simultaneously establishing a scalable revenue model based on our proprietary emulsion chemistry and technology.  

 

MSAR® and bioMSAR™ will be manufactured at the MAC² terminal in Antwerp, Belgium and supplied to power the MSC vessel for a duration of 4000 hours whilst in commercial service to obtain “No Objection” approval for bioMSAR™ from the marine engine OEM.  

Valkor have committed to using our technology, see the RNS from 15th Jan 25.

With Valkor now having confirmed the required PPS development project financing, and reflecting the fact that PPS production volumes of heavy sweet oil are now expected to be phased, Quadrise and Valkor have agreed an addendum to the 2023 SLS Agreement as follows:

· A phased payment of the initial license fee, with US$0.35 million now payable by Valkor on 31 January 2025 and the remaining US$0.65 million due on 1 December 2025.

· The supply by Quadrise of a smaller Multifuel Manufacturing Unit ("MMU") of 600 bpd capacity on an interim basis during 2025, for which Valkor will pay US$0.2 million on 1 December 2025, with a further US$0.3 million due to Quadrise upon supply of a full size 6,000 bpd MMU to the PPS in exchange for the 600 bpd MMU by return.

· US$75,000 is payable quarterly by Valkor from 1 April 2025 onwards, in exchange for Quadrise providing engineering and process design and commissioning services, site operations, compliance support and project development support services for a minimum period of two years.

The continued operation and production from the oil wells by Valkor and partners will assist the next phase of customer acquisition and sales. We are thrilled with the confidence shown by Valkor in investing in our technology at an early stage. Supply of the smaller MMU to Valkor for their 2025 demand is ideal for both parties, providing Valkor with a 600bpd emulsion system to produce client volumes for trials, and Quadrise with additional commercial production flexibility during the year.

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with the receipt of our first license fee revenues demonstrating Valkor’s commitment to integrating our technology into its operations during 2025.

I took Msar supply to mean Antwerp for the MSC trial, much more important and strategic than pondering over Morocco, Morocco will happen when they are ready.

Why the upcoming POC should be nailed on when it gets underway.

https://wp-quadrise-fuels-2020.s3.eu-west-2.amazonaws.com/media/2023/02/Case-Study-Marine.pdf

MSAR® is operationally and commercially proven as a marine bunker fuel in both 2- and 4-stroke

engines. It can be supplied directly from candidate refineries and delivered to marine vessels using

conventional infrastructure designed for marine fuel oil.

2014: Proof of Concept trials on 2 Maersk vessels with 2-stroke diesel engines; the Seago Istanbul

(Wärtsilä 12 RT-Flex 96C-B engine) and the Bogor (MAN B&W 7K80ME-C9 engine). MSAR® was

deemed a viable fuel for commercial use by MAN, Wärtsilä and Maersk.

The Proof of Concept tests involved:

• The production of 1,000 tonnes of MSAR® at ORLEN Lietuva’s refinery, from visbreaker

residue.

• MSAR® was loaded on to a bunker barge at the Port of Klaipėda and transferred at

Bremerhaven to the Maersk containerships by ship-to-ship (STS) transfer.

• Hundreds of MSAR® running hours were completed successfully on the 2 operational

containerships. The FEED and Detailed Engineering were completed by a team comprising

Quadrise, the client and an EPC Contractor in Q1 2016.

The MSAR® fuel performed well and feedback from Wärtsilä and Maersk was very positive. As a

result of the successful operational trial, Quadrise received an interim Letter of No Objection

(LONO) for MSAR® for Wärtsilä RT-flex96C-B engines.

For those not aware, The Seago Istanbul is now the MSC Leandra, owned and operated by MSC.

Get these bunker hubs in the Med, Panama, SE Asia and Antwerp sorted as starter and we will be looking good. Interims just a few weeks away, will give updates on all current projects.

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The maritime sector consumes 280 million tonnes of oil equivalent annually. Our mission? Transform this reality with proven emulsion fuel technology that cuts both costs and emissions.

Our innovative biofuels– MSAR® and bioMSAR™ can be part of the solution. Key benefits include:

- Retrofit-ready for existing assets

- Lower cost compared to alternatives

- Proven through 20 years of validation

- Compliant with FuelEU Maritime 2040

Find out more in our 2024 sustainability report: bit.ly/3Btxcf5

The new head of marine has disappeared from the Quadrise website, the work load must have proven too much 🙄, hopefully see the post refilled shortly before we get some movement in the marine sector.

Fyoz, be aware that with HL there is cashback available for transferring both Stocks and Shares ISA and SIPP, I took me SIPP from the NFU a few years ago as I had no visibility of my SIPP, I now have full visibility and control of my pension pot and I got £1500. for my troubles.

hi playtime, it was at your brokers discretion to disclude you from the book build open offer, every broker could have taken part, they chose not too. i,m with hl and have to say they are on the ball, i was able to take my allocation from my isa to my sipp, i personally asked for a ridiculous amount in the knowledge it would be scaled back, i did very well, sorry to hear your pain but maybe it will show you that your broker is ****.

Be good to get some updates on marine, be it MSC, Cargill, med refinery hub, SE Asia refiner hub, mac2 Antwerp, Panama hub, something for the good lady to get stuck into.

Dr. Linda Sørensen is a seasoned maritime executive with a proven track record in optimizing complex processes, enhancing operational safety, and driving efficiency across the oil, gas, maritime, and transport sectors. With a deep commitment to decarbonization and safety, she has dedicated her career to advancing the maritime industry by translating empirical research into practical, high-impact solutions.

Linda has held senior leadership roles at BW and the Frontline group of companies, served as a Senior Consultant and Technical Lead at Lloyd’s Register, and co-founded a technology company specializing in behavioural risk management. Her expertise spans consulting, research, and shipping operations, positioning her as a key advocate for sustainable shipping and a safer, more efficient maritime frontline.

Https://www.quadrise.com/about-us/our-people/

I can't copy and past so click link to Dr. Linda Sorensen, New head of Marine,

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The recent capital raise by Quadrise Plc is a perfect example of why the negative narrative of the UK market is so so wrong.

Instead of shutting out retail investors or rushing through a raise behind closed doors, Quadrise did things the right way:

✅ Major shareholders committed first, providing a solid foundation.

✅ Retail investors were given the opportunity to participate, ensuring fairness. (The Retail offer was significantly oversubscribed)

✅ Clear communication – the company took the time to explain the rational behind the fund raise via a presentation on Investor Meet Company (Accessed by over 1000 investors)

✅ Transparency – they answered over 100 questions from retail investors, ensuring they had the information they needed to make an informed investment decision.

This is how capital should be raised—engaging all stakeholders, providing clarity, and treating retail investors fairly. Congratulations to Jason Miles David Scott and the board of Quadrise Plc

It seams at odds that we have received the licenceing fees before the samples have been tested, it must be purely for optimisation of the bitumen as opposed to viability. You would have to imagine that an end user has already been identified to determine the final product.

News soon I would hope, otherwise mid March for interim results.

Receipt of first licence fees, that makes us commercial at 4p per share, nuts

A key focus of my visit was discussing the role of Quadrise in this development with Steven. The recent Site License and Supply Agreement represents a significant step in our collaboration, with the receipt of our first license fee revenues demonstrating Valkor’s commitment to integrating our technology into its operations during 2025.

One of the standout attributes of the oil produced at Valkor’s Utah site is its naturally low sulphur content and low carbon intensity compared with refined fuels. This makes it an ideal fit for both local industrial-scale fuel consumers and the wider marine market, where increasing emissions regulations are driving demand for cleaner, lower-carbon fuels.

Due to its high viscosity, transporting the Utah heavy oil in its natural state presents a challenge. Our patented emulsion technology addresses this by significantly reducing the oil’s viscosity, enabling it to flow as a stable liquid fuel, and be transported to customers in the power and marine sectors, including major bunkering hubs along the US Gulf Coast and the Port of Los Angeles in the future.

Standing in the freezing Utah landscape, I was struck by the enormous potential of this project. The successful production of the first wells, the securing of financing, and the clear roadmap for scaling operations all signal a bright future. Quadrise is set to play a pivotal role in enhancing efficiency and sustainability of this project, reinforcing the transformative impact of our partnership with Valkor.

This visit strengthened my confidence in our collaboration and in our shared commitment to innovation, efficiency, and environmental responsibility. As we move forward, the coming months and years will be critical in shaping the future of cleaner, more efficient fuel and biofuel solutions. I am proud that Quadrise is playing an integral role in this journey toward a more sustainable energy landscape and I look forward to returning to Utah soon.

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I recently had the privilege of visiting Valkor’s primary project site in Utah, where I witnessed firsthand the impressive strides being made toward developing a world-class energy production hub on a resource estimated to contain 77 billion barrels of recoverable oil.

On a chilly morning, I toured the site with Valkor CEO Steven Byle, who took me to the first two oil wells now in active production. These wells mark the beginning of an extensive site development program, following the approval of Valkor’s site unitisation plans and the conclusion of a major project financing deal. With these milestones achieved, Valkor and their partners have permit applications for a further 15 wells, each producing 40 barrels of oil per day, and plans to construct their first mined oil sands processing facility.

Several Large vessels, including Leandra are taking shelter off North France from severe southerly storms in the Atlantic, must be bad as it's unusual to see these ships stopped due to weather.

I wonder if this agreement has been what has been holding up the bi-lateral agreement between Quadrise and Cargill, could we now sign with this new collaboration, Seascale Energy for bunkering services to the Leandra, either way Cargill's legal team can certainly throw some attention our way now that they finalised their recent collaboration with Hafnia.

Jason just commented on this announcement, "That's great news Peter, bravo!". Could well bode well for us once up and running.

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Finally, it can be announced!

Today the Hafnia Bunker Alliance can share what we have been working on for a long time (personally probably way before even starting in Hafnia eight years ago with my still colleague Allan N. Gundorph).

We are, together with Cargill Pure Marine Fuels going to create one of the biggest fuel buying consortiums in the world with a forecasted turnover of close to $5BN!

Seascale Energy will be uniting scale and excellence in a way that will help propel the bunker industry forward, promoting transparency, the green agenda and much more...

The model has been tried and tested for several years now, and I feel it has been assisting an industry to gravitate towards a better and brighter future.

A big ‘shout out’ to the team who are working hard to prepare us for the start up of business operations in Q2 2025 (pending regulatory approval).

You have done marvelous guys!

Thank you also to Olivier Josse and his team at Cargill for their close collaboration in preparing for this behind the scenes. I look forward to taking Seascale Energy live together!

She’s just left Bremerhaven as of this morning on her outbound passage to Mexico.

28th March is probably a tall order for msar delivery at Antwerp but I would hope the 7th May is nailed on for delivery, would be good to get some LinkedIn updates on progress if any available.