24 Nov 2020 08:00
Edison Investment Research Limited Quadrise Fuels International (QFI): The clean solution to a global problem 24-Nov-2020 / 08:00 GMT/BST
London, UK, 24 November 2020 Quadrise Fuels International (QFI): The clean solution to a global problem Quadrise has developed a synthetic heavy fuel oil technology that potentially improves the profitability of refineries producing heavy fuel oil (HFO) and upstream operations, as well as reducing costs and polluting emissions for HFO users in the power, industrial and marine bunker markets. The company has recently completed a pilot trial in Morocco, with a trial at a US site scheduled for completion in calendar Q121. These trials are to demonstrate the efficacy of MSAR ahead of potential progression to commercial supply in calendar H221. It is also in discussions about projects in Ecuador, Mexico and Saudi Arabia and with two major shipping companies.
Based on data from the company, our scenario analysis calculates that even modest adoption of MSAR would generate material profits. A single refinery producing MSAR equivalent to 1.9Mtpa HFO under a licensing model would generate $15.9m in annual EBITDA (see page 13 for more details). Click here to view the full report.
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1150046 24-Nov-2020
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