Flash note: Marine programme steaming ahead
Quadrise has passed another major milestone on its route to commercialisation with contracts in place for the production of MSAR for LONO (Letter of No Objection) marine trials. This prepares the way for commercial adoption from end calendar 2016 onwards. It also clearly demonstrates Maersk’s continued commitment to the programme despite the low crude oil price. We place our estimates under review until there is more clarity on the volume of MSAR required for this phase.Quadrise Fuels International is engaged in developing markets for its proprietary emulsion fuel (MSAR®) as a low cost substitute for a conventional heavy fuel oil for use in power generation plants and industrial and marine diesel engines. Co. and its subsidiaries manufacture and market emulsion fuel for use in power generation, industrial and marine diesel engines and steam generation applications.
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