Ship management company

Quadrise signs an agreement with MSC Ship Management

Quadrise, the provider of MSAR® and bioMSAR™ emulsion fuels and technology, which are lower-cost, low-carbon alternatives to fuel oils and biofuels, announced that it has signed a framework agreement with MSC Ship Management to Cyprus – a subsidiary of MSC Mediterranean Shipping.

As part of the agreement, proof-of-concept testing and subsequent operational trials will be conducted using both bioMSAR™ and MSAR® fuel on one or more commercial container ships, as essential preliminary steps to the planned commercial supply of these fuels for MSC’s global fleet. .

Proof-of-concept testing for each of the bioMSAR™ and MSAR® will be conducted on a vessel now owned by MSC that has been used for previous successful MSAR® demonstrations on a 69 MW two-stroke engine and will begin no later than December 31, 2022, subject to continued ship availability – named “POC Trials”. It is estimated that each POC test requires 1,000 metric tons (mt) of fuel to confirm engine performance on the vessel.

Subject to positive POC test results, Fuels will undergo further operational testing to provide commercial operating experience towards obtaining engine manufacturer No Objection Letters (the “Trials”) after proving viability operational bioMSAR™ and MSAR® at both an intermediate (mid-term) and final stage (after approximately 4,000 hours of operation).

It is estimated that approximately 25,000 tonnes of fuel will be required for each test, with the fuel being produced by Quadrise and purchased by MSC. Along with testing, MSC and Quadrise will jointly continue discussions with other marine engine suppliers to investigate bioMSAR™ and MSAR® testing on their engines.

In parallel, subject to successful progression of the trial to the LONO intermediate stage, Quadrise and MSC intend to negotiate a collaborative commercial agreement (or agreements) to supply bioMSAR™ and/or MSAR® to use by MSC. The parties will also explore the possibilities of testing the Quadrise Blend-on-Board solution on a suitable MSC vessel.

Commenting on the agreement, Jason Miles, CEO of QFI, said: “This is an important milestone for the company as we progress our projects and deepen our relationships with key energy suppliers and users to reduce energy consumption, costs and emissions.

“Quadrise is delighted to have signed this new agreement with MSC Shipmanagement, the largest in-house ship management company responsible for the largest containership fleet in the world.

“We look forward to working with MSC and project stakeholders to demonstrate the commercial viability and environmental benefits of our fuels to the entire marine fleet. MSC is setting the standard for fuel efficiency and fuel utilization. biofuels in the maritime sector, and we believe that our bioMSAR™ and MSAR® technology offers an excellent solution to accelerate their efforts to decarbonize and reduce emissions.

Commenting on the agreement, Prabhat Jha, Group Managing Director and CEO of MSC Shipmanagement Ltd, said: “MSC Shipmanagement is delighted to be working with the Quadrise team on this new agreement as together we have an important role. to play in transitioning marine energy to a net zero carbon future and reducing emissions from our own ships.

“MSC has one of the youngest fleets among the world’s leading shipping lines, and we seek to continually improve fuel efficiency by working with suppliers such as Quadrise to promote the wider adoption of low- and zero-fuel fuels. carbon.

“We each have an important role to play in accelerating the decarbonization of the shipping and logistics industry and we look forward to advancing commercial testing of bioMSAR™ and MSAR® technologies on our fleet with Quadrise.