Business
Contract for Commercial Scale Manufacturing Plant
Contract for Commercial Scale Manufacturing Plant.
About this update from Quadrise Plc
[{"type":"text","content":"\n \nRNS Number : 4350L Quadrise Fuels International PLC 01 August 2011 \n \n\n \n1 August 2011 \n \nQuadrise Fuels International Plc (\"QFI\" or \"Quadrise\" or the \"Company\")\n \nContract with AkzoNobel for a Commercial Scale MSAR® Fuel Manufacturing Plant\n \nFurther to the announcement made on 29 June 2011, QFI is pleased to announce the closing of an important contract supporting the project development programme directly managed by Quadrise International Limited (\"QIL\"), a 100% owned subsidiary of QFI.\n \nAn agreement has been concluded with AkzoNobel for the purchase of the first commercial scale 1,000 tonne (6,000 barrels) per day MSAR® Manufacturing Unit (\"MMU\") to be supplied to QIL. Fabrication by AkzoNobel's sub-contractor will commence shortly with scheduled delivery to QIL in the 4th quarter of this year. The MMU is sized to fit the early commercial phase requirements of any of the programmes currently being scoped and developed with industry partners for the MSAR® Marine Fuels market (initial nominated volumes to be supplied from European ports), and for refinery based projects in Mexico and Saudi Arabia.\n \nThe business of QIL involves the manufacture and supply of Quadrise MSAR® emulsion fuels as a low cost replacement for conventional fuel oil in oil refining and industrial operations, power generation, desalination and the international marine bunker fuels market.\n \nFuel oil consumption represents one of the largest liquid fuels markets at a global level - more than 600 million tons per annum. The QIL projects are directed at selective sectors with major industry partners to build secure, diverse and profitable outlets for MSAR® fuels.\n \nCommenting on this agreement, Ian Williams, Executive Chairman of QFI said:\n \n\"This agreement with AkzoNobel is a significant milestone for the Company. This high quality full scale process plant will provide QIL with the capacity to deliver MSAR® fuel for the first of several commercial m...