Low Cost Alternative to Fuel Oil on Commercial Track

Press Release
Wednesday, August 29, 2012

Quadrise International Limited agrees with AB Orlen Lietuva to proceed with fuel manufacturing and assessment programme with Mærsk.

Quadrise International Limited (QIL) is the emerging supplier of MSAR®, a low cost alternative to heavy fuel oil in the shipping, refining, and power generation markets.

QIL earlier reported that the limited 'in service' adjustments available on the A.P.Møller-Mærsk test vessel prevented the full optimisation of engine performance during the first 'seaborne' assessment earlier in 2012. The positive results and associated information have, however, led to re-confirmation of support by all partners to the Joint Development Agreement and their commitment to the programme to commercialisation.

Scientists and engineers from QIL and AkzoNobel Surface Chemistry AB ("AkzoNobel") have now successfully developed an enhanced version of the fuel (termed 'Marine MSAR®2'), based on advanced formulation techniques and highly efficient additives.

The QIL and AkzoNobel team have already been deployed to the refinery site to manage project installations prior to fuel manufacture.

The plan for 2013 naturally remains subject to the outcome of this engine testing, third party approvals and the conclusion of commercial agreements with stakeholders. Quadrise however anticipates that commercial volumes of Marine MSAR®2 will be produced progressively from mid-2013 to allow the wider evaluation of performance across a representative range of vessels prior to full commercial roll-out during 2014.

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