Business
Marine Operational Trial
Marine Operational Trial.
About this update from Quadrise Plc
[{"type":"text","content":"\n \nRNS Number : 2131Z Quadrise Fuels International PLC 13 March 2017 \n\n13 March 2017\n \nQuadrise Fuels International plc\n(\"Quadrise\", \"QFI'' or the \"Company\")\n \nMarine Operational Trial\n \nQuadrise Fuels International plc (AIM:QFI), the emerging supplier of MSAR® emulsion technology and fuel, enabling a low-cost alternative to heavy fuel oil (one of the world's largest fuels markets, comprising over 450 million tonnes per annum) in the global shipping, refining and power generation markets, announces that the Company has been informed by Maersk Line A/S (\"Maersk\") of a further update relating to the letter of no objection (\"LONO\") and MSAR® operational trial on the Maersk nominated vessel.\n \nFurther to the announcement made on 2 March 2017, regarding the unscheduled dry-docking of the MSAR® trial vessel, Maersk is continuing its efforts to move the test vessel into a suitable dry dock.\n \nMaersk has however confirmed that the trial has been successful to date and has also indicated that Wärtsilä will carry out a detailed inspection of the test vessel's engine during the next few months to verify and document the performance of the test vessel while operating on MSAR® fuel, with a view to issuing an \"Interim LONO\" to confirm the fuel is safe and suitable for the Wärtsilä RT-Flex engine type. \n \nFollowing an operational redeployment of the vessel upon completion of the dry-docking the vessel will not be able to bunker at Algeciras. As a result, the MSAR® trial will be suspended once the remaining MSAR® fuel on the test vessel has been consumed. Maersk is currently considering alternative test vessels within its fleet for a continuation of the MSAR® trial programme - though it is unlikely that the trial will be resumed before Q4 2017. \n \nMaersk has confirmed that it wants to continue to work with Quadrise to explore the commercial options for Marine MSAR® after the issuance of the Interim LONO. \n \nMike Kirk, Executive Chairman of QFI plc, said:\n \n\"We are clearly disappointed that Maersk will have to suspend the trial for operational reasons that are unrelated to the MSAR® operational trial. However, we are pleased that Maersk has reconfirmed that the trial to date has been successful and that an interim inspecti...