1 Dec 2021 08:00
Edison Investment Research Limited Edison Investment Research Limited: Quadrise Fuels International (QFI): Cleaner fuel, cleaner planet 01-Dec-2021 / 08:00 GMT/BST
London, UK, 1 December 2021
Quadrise Fuels International (QFI): Cleaner fuel, cleaner planet Quadrise has developed a synthetic heavy fuel oil (HFO) technology that potentially reduces costs and polluting emissions for HFO users in the industrial, marine bunker and power markets, as well as improving the profitability of upstream operations and of refineries producing HFO. Recent third-party tests on Quadrise's new biofuel, bioMSAR, show reductions in CO2 emissions that are materially ahead of existing biofuels at a lower cost. We are not presenting forecasts at this stage. However, as a rough guide, 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 9% of MSC's global fleet could generate around $80m in licence revenues and require minimal capex. Click here to view the full report or here to sign up to receive research as it is published.
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1252944 01-Dec-2021
corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.