Quadrise plc (LON:QED) is advancing confidently towards its twin goals of a net-zero fuel and carbon footprint by 2030.
In its latest Sustainability Report 2023 for the year ended 30 June 2023, Quadrise sets out its mission to be the leading emulsion-based energy solutions provider to benefit the environment and create value for our stakeholders.
Jason Miles, Quadrise CEO, commented:
“The decarbonisation of the energy sector continues to advance during a period of escalating energy costs, increasing legislation and pressure to reduce emissions and control global warming. Against this backdrop, Quadrise is positioning itself to be one of the key solution providers in this rapidly changing global energy market.
We are preparing for larger scale production of bioMSAR™ to supply a commercial MSC container vessel in North Europe, using waste-based ISCC-certified refined glycerine. Since our last report we have also expanded the bioMSAR™ technology platform to investigate the potential use of other biofuels, including methyl esters from waste sources and sugars derived from biomass.
We’ve also investigated alternative zero-carbon feedstocks for our bioMSAR™ Zero initiative, evaluating their key properties as emulsion biofuels as well as their economic and social impact. We will continue to invest and collaborate with others in research and development to enhance our IP portfolio and future opportunities in the renewable fuels sector to help shape a cleaner future for the next generation.”
Andy Morrisson in his Chairman’s statement noted:
Since our previous sustainability report, alongside the advancement of our key projects, Quadrise has continued to take important steps towards our twin goals of a net-zero fuel and carbon footprint by 2030. Progress towards these goals future-proofs our business as the regulatory environment continues to tighten around greenhouse gas and other emissions, in shipping in particular.
Our own carbon footprint remains small and is largely a function of activity at our research facility. However, as we approach commercial revenues and then look to scale-up our business, we will ensure we maximise our efforts to keep this at a minimum in order to achieve a net zero carbon footprint by 2030.
The development of our net[1]zero fuel ‘bioMSAR™ Zero’ has also progressed during the year and, with alternative zero-carbon feedstocks being investigated, early indications are promising.
As well as our environmental focus, Quadrise continues to demonstrate best-in-practice corporate governance and strong societal credentials as outlined in this report, with ESG sitting at the core of our business.
