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Quadrise advancing transition to commercial revenues

Last updated: 09:58 19 Feb 2024 GMT, First published: 14:55 06 Apr 2021 BST

Snapshot

  • Quadrise adds key new partner to marine biofuels collaboration
  • Quadrise steers towards net zero with sustainable shipping fuels - ICYMI
  • Quadrise underlines potential with new multinational partner, says broker
  • Quadrise highlights key partnerships as it advances the production of sustainable marine biofuels
Cargo ship

About the company

Quadrise PLC is an energy technology provider whose solutions enable production of cheaper, cleaner, simpler and safer alternatives to fuel oil and biofuels, proven in real world applications.

The company's technologies produce transition fuels called MSAR® (pronounced ‘em-sar’) and bioMSAR, which allow clients in the shipping, utilities and industrial sectors to reduce carbon emissions whilst also saving costs.

How it is doing

15 Feb 2024

Quadrise PLC (AIM:QED) has hailed a new 'tripartite' agreement that brings a company called Energy Group into a project developing new green marine fuels.

Euthenia, an industrial conglomerate focused on the development, financing, and operation of renewable brings its expertise in low carbon economy transition.

Working with existing partner BTG (LSE:BTG) Bioliquids (BTL), the three companies have agreed an ambitious programme of laboratory and pilot testing, leading to diesel engine trials and ultimately a commercial marine vessel trial.

Specifically, the collaboration is expected to fast-track the development of green fuels bioMSAR and bioMSAR Zero, enhancing their viability as global shipping fuels. In doing so, it aims to extend the global opportunities for BTL's FPBO technology and capitalize on Euthenia's successful track record in bioenergy and decarbonization projects.

06 Feb 2024

Quadrise’s collaboration agreement with Cargill and MAC2 Solutions for its upcoming alternative ship fuel trials is "highly encouraging", says house ShoreCap.

Cargill is a global US$177bn revenue business and this update is a significant step in Quadrise’s journey to commercialising its fuels, said the broker.

06 Feb 2024

Quadrise PLC (AIM:QED) has signed up Cargill, a major supplier of renewable biofuels, and MAC Solutions (MAC2), part of Group Machiels, to produce its MSAR and bioMSAR alternative ship diesel for their forthcoming trials.

Under the collaboration agreement, the trials will be carried out using Quadrise equipment installed at the MAC2 facility in Antwerp.

Insight: Quadrise steers towards net zero with sustainable shipping fuels - ICYMI

31 Dec 2023

Why do shipping emissions receive far less scrutiny than aviation emissions, when both sectors cause the same amount of pollution?

While we’re on that subject, why are sustainable aviation fuels (SAFs) the talk of the sustainability town, but sustainable shipping fuels are not?

What the brokers say

19 Feb 2024

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.‌

What management says

16 Feb 2024

Quadrise PLC (AIM:QED) CEO Jason Miles tells Proactive's Stephen Gunnion the company has had a strong start to 2024, highlighting key partnerships aimed at advancing the production of sustainable marine biofuels.

Quadrise has entered into agreements with notable entities such as Cargill and Mac2, and more recently with Euthenia Energy and BTG Bioliquids.

Miles explained that the collaboration with BTG Bioliquids focuses on converting renewable biomass into bio-oils through fast pyrolysis technology, a venture that promises to supply marine biofuels to global bunker hubs. Euthenia Energy, with its vast experience in renewable projects, especially in Spain, is set to leverage its connections in energy and shipping to distribute a new sustainable marine fuel, initially targeting the Mediterranean hubs of Algeciras and Gibraltar.

Quadrise highlights key partnerships as it advances the production of...

Quadrise PLC (AIM:QED) CEO Jason Miles tells Proactive's Stephen Gunnion the company has had a strong start to 2024, highlighting key partnerships aimed at advancing the production of sustainable marine biofuels. Quadrise has entered into agreements with notable entities such as Cargill and...

on 16/2/24