Business
Joint Development Agreement with BTG Bioliquids
Joint Development Agreement with BTG Bioliquids.
About this update from Quadrise Plc
[{"type":"text","content":"\n\n8 June 2023\n \nQuadrise Plc\n(\"Quadrise\" or the \"Company\")\n \nJoint Development Agreement with BTG Bioliquids\nQuadrise (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce a Joint Development Agreement (\"JDA\") with renewable biofuels specialists, BTG Bioliquids BV (\"BTL\").\n \nBTL's proprietary pyrolysis technology turns abundant agricultural and forestry residues, such as saw mill waste, into fast pyrolysis bio-oil (FPBO), a homogeneous energy carrier, which can be used as a direct substitute for fossil fuels or be further upgraded into advanced biofuels. There are currently three FPBO producing plants using BTL's technology in the Netherlands, Finland and Sweden.\n \nUnder the JDA, the Company and BTL will collaborate in seeking to use BTL's FPBO as a potential cost-effective renewable source of fuel in Quadrise's bioMSAR™ solution. The JDA makes provision for the Company to supply MSAR® blending technology at BTL's licensed plants or biorefineries subject to future agreements with BTL or their licensees.\n \nQuadrise and BTL intend to jointly execute a research programme to generate stable bioMSAR™ emulsions incorporating BTL's FPBO. Successful laboratory formulations of FPBO-bioMSAR™ emulsions to be generated at the Quadrise Research Facility are expected to progress to diesel engine tests during the next 12 months. Subject to agreement of both parties, third-party testing for marine use would then be expected to follow. These tests are also expected to accelerate the development of bioMSAR™ Zero.\nCommenting on this agreement Jason Miles, CEO of Quadrise, said:\n\"Quadrise is delighted to have signed this JDA with BTG Bioliquids. Advanced biofuels derived from woody biomass remain potentially the most price competitive net-zero biofuel solutions. This joint collaboration fits well with our plans to commercialise bioMSAR™ with MSC Shipmanagement and others, as well as advancing our programme to supply net-zero bioMSAR™ by 2030. BTG Bioliquids' fast pyrolysis bio-oils combined with Quadrise's bioMSAR™ technology should provide a compelling solution for the marine sector to accelerate decarbonisation and emissions reduction efforts economically and safely.\"\nGerhard Muggen, Managing Director of BTG Bioliquids,...