DJ Quadrise Fuels International (QFI): The clean solution to a global problem
Edison Investment Research Limited
Quadrise Fuels International (QFI): The clean solution to a global problem
24-Nov-2020 / 08:00 GMT/BST
London, UK, 24 November 2020
Quadrise Fuels International (QFI): The clean solution to a global problem
Quadrise has developed a synthetic heavy fuel oil technology that
potentially improves the profitability of refineries producing heavy fuel
oil (HFO) and upstream operations, as well as reducing costs and polluting
emissions for HFO users in the power, industrial and marine bunker markets.
The company has recently completed a pilot trial in Morocco, with a trial at
a US site scheduled for completion in calendar Q121. These trials are to
demonstrate the efficacy of MSAR ahead of potential progression to
commercial supply in calendar H221. It is also in discussions about projects
in Ecuador, Mexico and Saudi Arabia and with two major shipping companies.
Based on data from the company, our scenario analysis calculates that even
modest adoption of MSAR would generate material profits. A single refinery
producing MSAR equivalent to 1.9Mtpa HFO under a licensing model would
generate $15.9m in annual EBITDA (see page 13 for more details).
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(END) Dow Jones Newswires
November 24, 2020 03:00 ET (08:00 GMT)
