Darren Turgel MD at DirectorsTalk caught up with Tom Fraine an Equity Research Analyst at Shore Capital to discuss Quadrise Fuels International plc (LON:QFI) recent announcement on the successful testing of bioMSAR™ on a medium speed 4-stroke Wärtsilä diesel engine at the VTT facility in Finland.
“We are encouraged by the progress Quadrise is continuing to make in demonstrating the environmental benefits of bioMSAR. The tests clearly showed bioMSAR’s advantages over conventional liquid fuels: it delivered greater than expected calculated CO2 savings – with reductions of 26-28%; increased engine efficiency by up to 7% and highly efficient combustion, evidenced by low NOx, CO, particulate and soot emissions.”
Tom added, “Quadrise is working on exciting projects, three of which could each be potentially worth considerably more than the company’s current enterprise value. It is working with companies on these projects that have exceptionally strong positions in global markets. An example of this is its project with MSC, the second largest container shipping company in the world.
It is rare that a company has technology that can help lower potential clients’ carbon footprint whilst reducing their fuel costs. Given that no significant adaptions to equipment are required for the use of Quadrise’s MSAR and bioMSAR, we expect the commercialisation of these products to come soon after important trials are due to be completed in 2022.”
Quadrise Fuels Chairman, Mike Kirk, discussed the increasing interest in bioMSAR in his July interview with DirectorsTalk. Mike said:
“I think there are a couple of things that are happening here actually that are, we think, really positive for Quadrise Fuels International.
I think first of all we’re seeing a much more rapid energy transition. This is not going to be business as usual so people have a real interest in actually driving down CO2 emissions. That’s really helpful for us alongside the work that we already deliver for customers in terms of driving down both sort of knocks and particulate emissions as well.
We’ve seen this across the piece, but in particular, we’re seeing the drive coming from our pipelines in the shipping sector. Again, I think it’s one of those where we’re seeing a confluence of events there, but pretty much across the piece, and some really helpful tailwinds in the shipping sector, in terms of really bringing forward our testing and development work on bioMSAR”.
Quadrise Fuels International plc (LON:QFI) is the global innovator and licensor of disruptive heavy oil technology that produces MSAR® fuel. The Quadrise team is a unique combination of energy sector experts and fuel specialists that were instrumental in the prior commercialisation of 60 million tons of Orimulsion® fuel worldwide.