viewQuadrise Fuels International PLC

Quadrise Fuels to start trials with Greenfield Energy


MSAR is a cleaner substitute for heavy fuel oil that is burned to power large cargo ships

Cargo ship

Quick facts: Quadrise Fuels International PLC

Price: 2.78 GBX

Market: LSE
Market Cap: £29.95 m
  • Developed MSAR heavy fuel oil substitute
  • MOU to  evaluate a proposed opportunity with Greenfield Energy
  • Three-year deal agreed with Nouryon

What Quadrise does

Quadrise Fuels International PLC (LON:QFI) has been perfecting a type of fuel called MSAR for the best part of 20 years.

MSAR is made from the thick, almost solid residues left when lighter fractions such as gasoline and diesel have been distilled from the crude oil which are then mixed with a small amount of water and speciality chemicals.

What’s created is a synthetic heavy fuel oil which is around one-third water. With a couple of simple, relatively cheap tweaks to a ship’s engine or a power station’s boiler, it can be used as a direct replacement for diesel or heavy fuel oil.

Because of the high-water content, the combustion temperature is much lower which reduces NOx emissions, and as MSAR is pre-atomised, it burns almost completely, meaning next to no black soot is pumped out into the atmosphere.

Not only is it cleaner – it reduces nitrogen oxide (NOX) emissions by between 20-50% - but MSAR, being made from quite literally the dregs of a barrel, is also cheaper than typical heavy fuel oils as well.

How it's doing

Progress has accelerated rapidly in recent months through a partnership aimed at heavy and paraffinic oil deposits in Utah.

The chemical technology firm in February signed a memorandum of understanding to evaluate a proposed opportunity being pursued by Greenfield Energy LLC, a joint venture company for TomCo Energy plc (LON:TOM) and Valkor Technologies - which previously had a technology licensing agreement with Quadrise.

In August, Quadrise said the partnership with Greenfield had entered Phase 1 which will see a commercial trial, using its MSAR technology - which creates an emulsified synthetic heavy fuel oil - at the Petroteq Oil Sands Plant (POSP) at the Asphalt Ridge Facility in Utah.

Phase 1 has a commercial value of US$150,000 to Quadrise, the company noted. It will initially see proof of concept work at the Quadrise Research Facility using oil samples supplied by Greenfield. 

Additionally, Quadrise will loan a range of MSAR equipment to Greenfield, along with specialist services to assist Greenfield in completing a proposed commercial-scale demonstration.

The demo operation will aim to produce over 600 barrels (100 tonnes) of power grade MSAR fuel.

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Inflexion points

  • Results from the trial with Greenfield Energy
  • A three-year exclusive global collaboration and emulsifiers sales agreement with speciality chemicals giant Nouryon.
  • Re-start of pilot trial in Morocco once coronavirus pandemic eases

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