Quadrise Fuels Share Discussion Threads

[hazl] 02/7/2022 10:30

Thanks for a reminder of the video Kreature .
post
1425

[hazl] 02/7/2022 10:21

Given the developments described above, we expect to convert our projects to agreements soon, and on behalf of the team at Quadrise, I would once again like to thank our shareholders for their ongoing patience and support, and we look forward to being able to announce further material progress soon."

[hazl] 02/7/2022 09:13

The above posters are long term mischieve makers in most cases and that is why I continue to post facts instead of people only viewing 'put downs'.
QFI Will either succeed or it won't.

However, it has been plagued by these people from the very beginning it seems to me.

[hazl] 02/7/2022 09:10

Having provided relevant details that seemed to be the concern of a 'poster' above,
we go back to now.
Here we have the most recent update.


' Operational Update

Quadrise (AIM:QFI) , the supplier of MSAR(R) and bioMSAR(TM) emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives to fuel oil and biofuels , presents an update following a board review of the Company's projects, operations and business development activities.

Summary

-- The conclusion of the board review is that the Company is on track to achieve its commercialisation targets following positive engagement with counterparties during the past month. The Company therefore intends to progress with each of its core projects as well as with the development of bioMSAR(TM) fuel and its derivatives.

-- MSC - Quadrise recently met with MSC executive management in Cyprus and both parties are now working to finalise an agreement covering the LONO trial programme aboard MSC container shipping vessels and the subsequent commercial framework. The conclusion of the board review is that the Company is on track to achieve its commercialisation targets following positive engagement with counterparties during the past month. The Company therefore intends to progress with each of its core projects as well as with the development of bioMSAR(TM) fuel and its derivatives.

-- Morocco - an updated Material Transfer and Cooperation Agreement with our international chemicals and mining client is now expected to be signed this month ahead of an MSAR (R) combustion trial that is expected to conclude early Q3 2022.

-- Utah - following signing of Commercial Development Agreement ("CDA") in April 2022, Quadrise and Valkor have commenced preparatory steps under Phase 1 of the CDA to identify target consumers of MSAR (R) and bioMSAR (TM) fuel.

-- Testing with Aquafuel this quarter will conclude the bioMSAR(TM) engine efficiency optimisation work, with results expected in early Q3 2022.

-- D iscussions are underway with several candidate sites in Panama and Honduras for MSAR (R) and bioMSAR (TM) power plant trials later in 2022.

MSC

Quadrise and MSC Shipmanagement continue to progress finalisation of an agreement covering the LONO trial programme aboard MSC container shipping vessels and the subsequent commercial framework, following

MSC

Quadrise and MSC Shipmanagement continue to progress finalisation of an agreement covering the LONO trial programme aboard MSC container shipping vessels and the subsequent commercial framework, following a positive meeting recently with MSC executive management in Cyprus.

In parallel, preparations for the 4,000-hour LONO trial continue, with the procurement process for the vessel fuel booster system now underway. The selection of suitable MSC LONO vessels and fuel production sites are also in progress, with a number of options being investigated to minimise cost, time and risk.

The testing of MSAR(R) and bioMSAR(TM) on Wärtsilä's optical combustion chamber is now scheduled for Q3 2022, followed by injector wear rig testing on bioMSAR(TM) in Q4 2022, due to unavailability of key resources at Wärtsilä and their testing partners. Quadrise and Wärtsilä are working together to ensure there are no further delays to this programme during 2022.

Assuming timely conclusion of this framework agreement, and associated agreements with other project stakeholders during 2022, the trials themselves are expected to commence before the end of this calendar year, and will take approximately 9 months to conclude. Commercial supply of bioMSAR(TM) to MSC would then be expected to commence in early Q4 2023, following receipt of a LONO from Wärtsilä.

Morocco

Quadrise continues to work with the client team to finalise terms on an updated Material Transfer and Cooperation Agreement with our international chemicals and mining client following the expiry of the prior agreement in December 2021. It is currently expected that this updated agreement will be entered into prior to the end of May 2022.

As previously announced by the Company, the first of the Moroccan site trials will be at "Site B", which accounts for around one third of the client's annual HFO consumption, where 60mt of MSAR(R) will be combusted on one of the client's industrial units. A smaller trial of bioMSAR(TM) will also take place on the same unit after the MSAR(R) test. The Quadrise trial equipment is in Morocco, and production of the fuel will commence upon signature of the updated agreement. The Site B trial is expected to conclude in Q3 2022.

Assuming the successful conclusion of the Site B trial, the intention is then to negotiate and conclude a commercial supply agreement covering one or more of the client's sites in Morocco.

A feasibility study for use of MSAR(R) at a second client site ("Site A") is close to completion. This may lead to a further trial agreement, and if successful enhance the value and volume of the commercial supply agreement for MSAR(R).

Utah
As announced on 11 April 2022, Quadrise entered into a Commercial Development Agreement ("CDA") with Valkor Technologies LLC ("Valkor") to commercialise Quadrise's MSAR(R) and bioMSAR(TM) technologies at their projects in Utah.

Quadrise awaits the delivery of a crude oil assay from a Valkor heavy oil asset (the 'Primary Project') in Utah. Following delivery, Quadrise will perform the envisaged analysis and, if required, will test a field sample to confirm that it is suitable as feedstock for the production of MSAR(R) and bioMSAR(TM).

In addition, Quadrise and Valkor have begun working together under Phase 1 of the CDA to identify target consumers of MSAR (R) and bioMSAR (TM) fuel to be produced by the Utah heavy oil asset in which Valkor has an equity interest (the " Primary Project"), following which supply agreements will be negotiated with these identified target consumers.

Under the terms of the CDA, both of these Phase 1 activities are to be completed prior to 30 June 2022, after which commercial terms for an MSAR (R) and/or bioMSAR (TM) License and Supply Agreement at the Primary Project would be concluded no later than October 2022.

Latin America

Quadrise and its local agents, E&PC, are progressing discussions with several candidate sites in Panama and Honduras to trial MSAR(R) and bioMSAR(TM) later in 2022 at a power plant equipped with Wärtsilä diesel engines, as a precursor to potential commercial supply in 2023.

In Mexico, the Company submitted a multi-site study to the National Oil Company supporting the implementation of MSAR(R) technology. Documentation is being prepared for one of the sites identified that could lead to a demonstration of MSAR(R) refinery refueling on a fuel oil consuming unit later in 2022.

bioMSAR(TM) & Transition Solutions

Following the positive results of bioMSAR(TM) testing on a Wärtsilä diesel engine at the VTT facility in Finland and on a high-speed 4-stroke Cummins diesel engine at Aquafuel, a final round of testing has been scheduled at Aquafuel to commence later in Q2. This will conclude the bioMSAR(TM) engine efficiency optimisation work, with results expected early in Q3 2022.

During the period, Quadrise conducted a detailed analysis of the crude glycerine market and appointed a consultant to review global sourcing and partnerships for supply and refining. Commercial and supply discussions are underway with various biodiesel suppliers to secure the required volumes and quality of renewable, fuel-grade glycerine to support the forthcoming MSC trials and as a source for future bioMSAR(TM) commercialisation.

[kreature] 02/7/2022 01:27

' BioMsar 2.0 and 3.0 ' ?
How long is this going to take hazl, seriously ?


Probably would have worked better as a radio interview tbf ?

[kreature] 02/7/2022 00:10

o/t Looks like a great place to work after retirement ?

[tongosti] 01/7/2022 23:41

Hazel never replied whether he works for the company did he? LOL

[kreature] 01/7/2022 22:22

TBF it is looking seedy here now imo. There is imv something very unpleasant about the past presentation of the forward looking events, the ultimate failures, and now the idea of repeating the same unpleasantness again ? No thank you.

[kop202] 01/7/2022 21:09

Hazl...your definitely ramping...posting links to news that is months old.....really please stop ...this grotty little company is going nowhere

[kop202] 01/7/2022 21:03

HazlGiven how prolific your posting is I would guess your more than one person...... Now who would want to ramp this,......mmm......as if investors haven't been mugged enough

[hazl] 01/7/2022 20:02

Intellectual Property arising from any future joint development activity, or relating to past work such as MSAR® Marine fuels development, is jointly owned between the parties. The Agreement is exclusive in the field of oil-in-water emulsion fuels research and development.

[hazl] 01/7/2022 19:46

'The problem is starvation. The solution is regulation. All else is very definitely not equal.'

A general piece.

[hazl] 01/7/2022 18:42

Hmm....renamed after being taken over by the Carlyle Group....you couldn't get bigger than that.
I hope they're interested!

[hazl] 01/7/2022 18:36

It runs until October this year.

'New three-year Exclusive Agreement with Nouryon

Quadrise Fuels International plc (AIM: QFI) is pleased to announce it has entered into an Exclusive Global Collaboration and Emulsifiers Sales Agreement ("Agreement") with Nouryon for the exclusive global collaboration and supply of goods and services for future MSAR® projects. The Agreement will run for three years to October 2022.

This Agreement replaces the two separate contracts with AkzoNobel that were previously extended to November 2019 (as announced by the Company on 26 November 2018), having been originally entered into in November 2013. Prior to this, Quadrise had been party to an Alliance Agreement with AkzoNobel from November 2004.

Commenting on this development:

Mike Kirk, Executive Chairman of QFI, said:

"We are delighted that we have been able to revert to a new, three-year agreement with Nouryon, after putting in place the shorter-term agreement in November 2018, as a temporary measure whilst the relevant Nouryon entities were formed. The new contract with our core technology partner, Nouryon, reinforces the commitment of both parties to commercialising the global MSAR® business. Our long-term relationship with Nouryon continues to underpin our ability to move the Company towards long-term commercial revenues, as we progress our business development activities towards large-scale trials followed by commercial roll-out. This new contract enables Quadrise to both progress and protect the IP inherent to MSAR® and to provide the exclusive supply to Quadrise of the chemicals for the production of MSAR®."

Dr Staffan Asplund, R&D Director, Nouryon, said:technology partner, Nouryon, reinforces the commitment of both parties to commercialising the global MSAR® business. Our long-term relationship with Nouryon continues to underpin our ability to move the Company towards long-term commercial revenues, as we progress our business development activities towards large-scale trials followed by commercial roll-out. This new contract enables Quadrise to both progress and protect the IP inherent to MSAR® and to provide the exclusive supply to Quadrise of the chemicals for the production of MSAR®."

Dr Staffan Asplund, R&D Director, Nouryon, said:

"We have been working with Quadrise for many years and we are pleased to be able to continue supporting their progression, through this new contract. It is a great example of how Nouryon is able to deliver a unique, customised surfactant system, that underpins Quadrise's proprietary MSAR® fuel technology that delivers significant benefits for existing producers and users of heavy fuel oil."

Background to the Nouryon Agreement:

The Agreement between Quadrise International Limited ("QIL"), a subsidiary of the Company, and Nouryon Surface Chemistry AB ("NSC") continues the commercial relationship between the parties relating to the purchase and supply of goods and associated technical services to MSAR® projects in development. QIL purchases, and will continue to purchase, speciality chemicals used as emulsifiers exclusively from NSC, which NSC supply exclusively to QIL for oil-in-water emulsion fuel applications.

Intellectual Property arising from any future joint development activity, or relating to past work such as MSAR® Marine fuels development, is jointly owned between the parties. The Agreement is exclusive in the field of oil-in-water emulsion fuels research and development.'

[kreature] 01/7/2022 18:19

I would have thought that his name refers to salad-oil right ? not seaweed surely
....probably got something to do with oil floating on the top of water or something. Even I can work that one out.....

[hazl] 01/7/2022 18:14

Amusing I would have thought that somebody that calls himself sallad would know that algae might refer to seaweed.

[hazl] 01/7/2022 18:09

Since then we have had Valkor and Morroco.

[kreature] 01/7/2022 16:31

Widening spread with less and less volume?
1.47 / 1.8

[hazl] 01/7/2022 11:41

From UKFires absloute zero pdf.

'
8 | Absolute Zero


1. Zero emissions in 2050 with today’s technologies


Key Message: Apart from flying and shipping, all of our current uses of energy could be electrified.
With tremendous commitment the UK could generate enough non-emitting electricity to deliver
about 60% of our current final energy-demand, but we could make better use of that through
incremental changes in the technologies that convert energy into transport, heating and products.'








Note apart from flying and shipping!

This is where transitional fuel like ours comes into play as being pretty essential if we are to go the Western way.

IMO

[hazl] 01/7/2022 11:37

Market conditions and the economic climate for Quadrise are increasingly favourable, with potential customers under added pressure to reduce fuel costs, whilst also lowering emissions. Fuel oil-diesel product spreads are at very high levels due to the war in Ukraine and global supply constraints.

Given the developments described above, we expect to convert our projects to agreements soon, and on behalf of the team at Quadrise, I would once again like to thank our shareholders for their ongoing patience and support, and we look forward to being able to announce further material progress soon."

[hazl] 01/7/2022 11:35

Exactly!

People are sitting on their hands.

Perhaps your time is wasted here?

[kreature] 01/7/2022 11:06

£6, wow. Anyone might imagine that Maersk were of the cusp of using the theory by the ton to power their global fleet?

[tongosti] 01/7/2022 11:00

60000 shares traded equals about £6k and change Mind boggling numbers eh hazel?

[kreature] 01/7/2022 10:54

Incredible volume. Surely this is illiquid hazl? How many can you sell ?