Quadrise PLC (AIM:QED) has inked a new joint development agreement with Alder Energy LLC, to explore the use of Alder’s APS product in its bioMSAR and bioMSAR Zero fuels.
Initial testing will take place at the Quadrise Research Facility, and, if successful, the companies plan to run small-scale diesel engine tests at Aquafuel later this year.
It aims to broaden our range of feedstocks for bioMSAR and bioMSAR Zero, potentially providing abundant, lower-cost cost and lower-emission alternatives to conventional biofuels.
Third-party testing in marine engines is expected within 12 months of initial testing, subject to additional arrangements and engine availability, the company noted.
Quadrise may see a boost to its presence in the ‘highly significant’ North American market as a result of the proposed new partnership, chief technology officer Jason Miles said in a statement.
"We are delighted to enter into this JDA with Alder Renewables,” Miles said in a statement.
“Fuels derived from biomass present potentially the most cost-effective net-zero biofuel solutions, with pyrolysis technology also being recognised by multiple organisations, including the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, as one of the most feasible production methods for marine biofuels.”
He added: "We look forward to providing further updates on developments pursuant to this agreement in due course."
Derek Vardon, Alder's CTO, added: “Alder is excited to work with Quadrise to seek to develop sustainable marine fuels using the Alder Renewables Process technology platform.
“Our pyrolysis sugar product APS will help the global shipping industry meet clean energy goals and decarbonise. This JDA is a key step in scaling sustainable technology solutions, integrating our technologies to support low-carbon marine fuel and diesel engine adoption."