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In an ideal world, fuel production would be up and running for Morocco, which would in turn M/F fuel for the marine programme. The POC fuel for Maersk was M/F in Lithuania and railroaded for bunkering, the PoC only requires 1000t of each fuel with no guarantees of future production, so getting a refiner to sign up is proving difficult.
The wait now is on MSC Leandra's drydocking which doesn.t seem to be happening as planned, so until she is dry docked and her new route and schedule disclosed, Quadrise are unable to nail down a fuel supplier.
Steve Byle spoke quite a few times about Utah supplying the fuel for the trials, seems a little far fetched but time will tell.

Edison note,
based on data from the company, our scenario analysis calculates that even modest adoption of MSAR could generate material revenues and take the company to sustainable profitability. For example, adoption across only 8% of MSC’s global fleet could generate around $106m in licence revenues and require minimal capex.

To get to next Christmas the BoD have to come up with a Baldrick style of cunning plan to raise funds, any significant commercial revenues inside the next six months are virtually impossible with the speed that our clients move at.

We had pictures paraded on Twitter and LinkedIn of the batch of fuel destined for wartsilla, no pics of the Morocco batch, no clues of where it was made either. Oasis springs to mind

Don't you also need twice as much methanol to displace fossil fuels, puts the comparative price of methanol at over $5000 dollars per M/T, who the hell would want to pay that kind of fuel surcharge, these methanol ships are multi- fuel, probably never see a single drop of methanol, Maersk full of ****

Just a short time ago, Jason gave his rendition of the II withdraw at the AGM, I hope he reads your post Vince, he’s probably on his Christmas vacation somewhere in the Caribbean.

The unfortunate answer is that no matter what the costs are to transport goods by sea or make fertiliser in kilns, the costs are put on the customer’s. Any incurance of penalties from using dirty fuel is passed to the customers. Profit margins are massive and remain no matter what.
The only way things will move at pace is if there is a ban on the dirtier fuels.
Aimho

The job application which now turns out was for a replacement for Mathew was out around 6 to 8 weeks ago, there would have been no reason not to disclose mathew's departure during the AGM, removes any need for speculation, why they chose to keep it under wraps is anyones guess. looks like he's been in his new role for a month already. As the payers of their wages it's the least they could do to keep us updated and give some reasoning

The trial is in two parts, Msar and Bio-Msar, part one should have been finalised by now as the fuel was being delivered in October and doesn't like hanging around, 4 hours and all will become clear.

Is the AGM being streamed this year, it was last year

First opportunity for anyone associated with the IBIA conference in Houston yesterday to buy shares. Nice to know what was said, Jason alongside CEO of Maersk oil trading, could be interesting

So We get a refinery to just randomly knock up in excess 100,000 tonnes of fuel for the MSC trial with no further commitment from any of the parties. ?

We're going to need fuel for the MSC trial, no trials necessary for Utah, fuel has been supplied to Morocco, your not keeping up.

Excellent news. Now that's out of the way we can get on with some contract signing.

Jason speaking at the IBIA conference in Houston, alongside the CEO of Maersk Oil Trading tomorrow, conference starts today.

Resolution no 5, change name of company
Generally associated with a JV, oil major maybe, Shell taking poll position. Interesting AGM this year

Quadrise are purely selling a technology. Look at Microsoft.

https://www.linkedin.com/posts/quadrise-international-ltd_ibia-annual-convention-2022-activity-6994223870324920320-Bp9W?utm_source=share&utm_medium=member_desktop

Quadrise CEO, Jason Miles will be in Houston this month joining the alternative fuels panel at the The International Bunker Industry Association’s Annual Conference.

Speaking alongside representatives of A.P. Moller - Maersk, amongst others, Jason will be discussing QFI’s collaboration with MSC Shipmanagement and the need for the shipping industry to embrace transition fuels.

Redliner | Repara Mantiene Protege
Raise your hands if you have the solution
The answer to the problem of fuel oil; oil-in-water emulsions used all over the world. MSAR®? represents a unique opportunity to create a quality HFO in Mexico; A product with rising value on the world market.
- In a single refinery switching to MSAR®? could save:
- 30,000 BPD of diesel released
- $200 million in savings
- 35% Reduction in COPE production
- Significantly reduce emissions and black cloud of soot
With a commercial supply experience of 100,000 BPD and more than 60 million tons consumed in industrial and electric power generation facilities, MSAR®? can be installed in less than 12 months.
Decrease the amount of fuel oil, creating a quality HFO with rising value in the world market.
#energía #oportunidad #netzero #combustoleo ##producción PEMEX
CFE / Gerencia de Protección Ambiental / DCIPI

The first operational LONO trial on bioMSAR™ is expected to be completed by the second half of next year. As the trials progress positively Quadrise, MSC and other key stakeholders expect to commence discussions for the commercial supply of bioMSAR™ and MSAR® to MSC’s global fleet. Successful trial results will also facilitate negotiations for the supply of our technology to other shipping companies and advance our collaboration to help decarbonise shipping globally

From annual CE (Jasons) report
Confirmation of the vessel route and the MSAR® / bioMSAR™ bunker supply point and partner will be made in Q4 2022, with discussions underway with potential fuel supply partners.

If the chosen refinery has Asphalt Mills on site, then minimal software and hardware changes are needed to use these for the trial purposes. I'm sure the refinery has already been chosen, so this is a known factor with the Asphalt Mill on site and MSC will undoubtedly want to be working with their partners at Shell.
At interim LONO point investment would be made for several MMU's for specific MSAR / BioMsar use.