Business
Vertoro Joint Development Agreement Update
Vertoro Joint Development Agreement Update.
About this update from Quadrise Plc
[{"type":"text","content":"\n\n26 May 2023\nQuadrise Plc (\"Quadrise\" or the \"Company\")\nVertoro Joint Development Agreement Update\nSuccessful first phase of engine testing confirms material improvements in efficiency and emissions reductions with bioMSAR™\nQuadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, and biorefinery specialists, Vertoro BV (\"Vertoro\") have been collaborating to develop a cost-effective supplement or alternative to glycerine in Quadrise's bioMSAR™ fuel. The trials follow the Joint Development Agreement (\"JDA\") announced on 21 September 2022.\nQuadrise has successfully produced stable blends of bioMSAR™ containing up to 40% of Vertoro's crude sugar oil (CSO™) at pilot scale at the Company's research facility. The fuel was subsequently tested by partners, Aquafuel, on Quadrise's Cummins diesel engine using bioMSAR™ containing 18-20% CSO™.\nTesting of CSO™ bioMSAR™ when compared with conventional diesel confirmed the following:\n· Engine efficiency improvements of 7% resulting in reduced fuel consumption and lower carbon dioxide emissions, in line with conventional bioMSAR™ results.\n· A reduction in Nitrogen oxides (NOx) emissions of up to 16% and a reduction in carbon monoxide emissions of over 50%, again consistent with conventional bioMSAR™.\n· Negligible visible smoke when running CSO™ bioMSAR™ and bioMSAR™ when compared with diesel.\nA further phase of testing is now planned at Aquafuel on bioMSAR™ containing up to 40% CSO™ material. Subsequent testing is also being scheduled on a larger medium-speed diesel engine later in the year. These results and scheduled tests are expected to accelerate the larger-scale trials and the potential use of lower-cost CSO™ bioMSAR™ for the marine and power generation sectors.\nCommenting on the update, Jason Miles, CEO of Quadrise, said:\n\"Quadrise aims to offer ship owners and power producers practical, low-cost decarbonisation alternatives that require minimal modifications and make use of existing fuel supply logistics and infrastructure. The Company is delighted with the test results to date that combine Vertoro's crude sugar oil with bioMSAR™ fuel. CSO™ products are potentially the most price competitive net-zero biofuel solutions for the marine sector. This offers another compelling so...