Business
Licella Joint Development Agreement
Licella Joint Development Agreement.
About this update from Quadrise Plc
[{"type":"text","content":"\n\n26 March 2025\n \nQuadrise plc\n(\"Quadrise\", \"QED\" or the \"Company\")\n \nJoint Development Agreement with Licella Holdings\n \nQuadrise (AIM:QED), the transition technology provider for a cleaner planet, is pleased to announce the signature of a Joint Development Agreement (\"JDA\") with sustainable fuels pioneers Licella Holdings Ltd (\"Licella\").\n \nLicella is an Australian-based global technology and project developer delivering the next generation of low carbon solutions. Licella's patented Catalytic Hydrothermal Reactor (Cat-HTR™) is the world's leading hydrothermal liquefaction (HTL) technology, using water at high temperature and pressure to sustainably transform abundant biomass residues into an advanced bio-intermediate, a valuable, low-carbon alternative to fossil oil. Advanced biofuels produced from Licella's HTL process exhibit a higher energy content compared to those produced through alternative conversion technologies.\n \nUnder the JDA, the Company and Licella will collaborate to seek to progress the use of Licella's Cat-HTR™ bio-intermediate as a potential cost-effective renewable feedstock for bioMSAR™ and bioMSAR Zero™, with success of initial lab testing at the Quadrise Research Facility expected to lead to lab-scale diesel engine tests within 12 months. Subject to the success of these elements of the parties' collaboration and to the agreement of both parties, third-party testing in marine diesel engines would then be completed with a view to potential commercial vessel testing of the fuel during 2026.\n \nCommenting on this agreement Jason Miles, CEO of QED, said:\n \n\"Quadrise is delighted to have signed this JDA with Licella. Fuels derived from biomass are potentially the most price competitive net-zero biofuel solutions, and HTL technology has been identified by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and others as one of the most viable production pathways for marine biofuels. This collaboration aims to expand our range of feedstocks for bioMSAR™ and bioMSAR™ Zero as lower cost and lower emission alternatives to conventional biofuels.\"\n \nCommenting on this agreement Dr Len Humphreys, Executive Chairman & Co-founder of Licella, said:\n \n\"Licella is pleased to collaborate with Quadrise to ex...