Quadrise’s collaboration with BTG (LSE:BTG) Bioliquids (BTL) and Euthenia Energy Group adds another multinational company to the list of those that have acknowledged its solutions for decarbonisation and committed to an agreement, says Shore Cap.
BTL has been working with Quadrise since June but Euthenia is a new partner focused on developing, financing and operating renewable energy projects.
Euthenia has active projects and operations in Europe, North America and the Caribbean.
Under the agreement, Euthenia will process biomass feedstock at its facilities in Spain using BTL’s technologies.
This new collaboration follows agreement announced earlier this month with Cargill, a major supplier of renewable biofuels, for the production of Quadrise’s fuels for marine vessel trials on the MSC Leandra.
"We note that Quadrise’s fuels are more efficient and cheaper than fuels currently used, whilst being safer, simpler to use and generating fewer harmful emissions," said Shore Cap.
"CEOs of major shipping companies recently called for an end date to fossilan-fuel-only powered newbuild vessels and urged the IMO to create the regulatory conditions to accelerate the transition to green fuels at COP 28.
"We believe progress in making such regulatory changes could be highly supportive for Quadrise."