# Quadrise advances with new strategic partnerships and testing program, hailed by broker

- Link: https://www.directorstalkinterviews.com/quadrise-advances-with-new-strategic-partnerships-and-testing-program-hailed-by-broker/4121146414
- Published: 2024-03-06T13:47:49+00:00
- Author: Anthony Fox

**[Quadrise Plc](https://www.directorstalkinterviews.com/company/quadrise-plc/qed.l)**(
LON:QED) was recently highlighted by Shore Capital in a report which discusses the
recent developments involving Quadrise, BTG Bioliquids BV (BTL), and Euthenia Energy
Group. Quadrise has been collaborating with BTL to investigate the potential of 
using BTL’s fast pyrolysis bio-oil (FPBO) for Quadrise’s bioMSAR fuel, resulting
in positive outcomes and stable formulations. This advancement aligns with Quadrise’s
goal to produce a net-zero biofuel by 2030.
Quadrise and BTL have entered into a
Project Development Agreement with Euthenia, a company that focuses on renewable
energy projects across Europe, North America, and the Caribbean. The agreement includes
a series of lab and pilot tests, diesel engine testing, and plans for a commercial
marine vessel trial. This collaboration aims to accelerate the development of sustainable
fuels for the global shipping industry, particularly in the Mediterranean.Additionally,
Quadrise has partnered with Cargill, a significant renewable biofuels supplier, 
to produce fuels for marine vessel trials, notably on the MSC Leandra. This partnership
is seen as promising due to Cargill’s extensive fleet and market presence, potentially
generating significant revenues for Quadrise if MSC switches a portion of its fuel
needs to Quadrise’s solutions.

Tom Fraine, Research Analyst at Shore Capital said, “_We are encouraged to see another
multinational company acknowledge Quadrise’s solutions for decarbonisation and commit
to an agreement. This update follows the 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 believe Cargill
is a very attractive partner for Quadrise, which could lead to future opportunities,
given Cargill’s own fleet of >500 vessels and considerable scale in global markets._

_Quadrise’s opportunity in the marine sector with MSC alone could be worth a multiple
of its current  enterprise  value  in  potential  annual  revenues  if  only  small
percentage  of  the  shipping company’s overall fuel demand was switched to MSAR
or bioMSAR. MSC currently consumes close to  10m  tonnes  of  fuel  oil  annually
and  we  believe  Quadrise  could  charge  c.$50  per  tonne  for licensing its 
technology._“
The report highlights the efficiency, cost-effectiveness, and environmental
benefits of Quadrise’s fuels compared to current marine fuels. It also touches on
the broader industry and regulatory context, noting recent calls by shipping company
CEOs for an end to fossil-fuel-powered vessels and urging regulatory support for
green fuels, which Shore Capital think could further benefit Quadrise’s position
in the market.

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