Quadrise Plc · LSE:QED
Quadrise — Quadrise Fuels International — Shareholder Meeting (December 2017)
18 slides from Quadrise's shareholder meeting presentation, Dec 8, 2017
Slide 1: Quadrise Fuels International plc
(Quadrise Fuels Int rnational plc
Slide 2: AGM Update Presentation, 8th December 2017
AGM Update Presentation 8th December 2017
Slide 3: Disclaimer
Disclaimer The information contained in this document has been prepared by Quadrise Fuels International plc (the “Company”). This document is being made available for information purposes only and does not constitute an offer or invitation for the sale or purchase of securities or any of the assets
Slide 4: Company Representatives
Company Representatives Mike Kirk Jason Miles Executive Chairman Chief Operating Officer Laurie Mutch Philip Snaith Non-Executive Director Non-Executive Director Mark Whittle Martin Verle General Manager, Refining General Manager, Marine David Scott Group Financial Controller 8th December 2017 AGM 4
Slide 5: Quadrise Overview
Quadrise Overview • Developer and supplier of MSAR® technology. Industry participation • Produces a lower cost, cleaner alternative to Heavy Fuel Oil (“HFO”) - a c.US$100 billion per annum market. • IP is protected – and significant know-how and experience creates further barriers. • Targeting the P
Slide 6: A Challenging Year – but demonstrable progress
A Challenging Year – but demonstrable progress • IMO 2020 vs 2025 decision was a shock to industry. UK p • Led to Maersk ending Marine MSAR® trial early. • Protracted process – Interim LONO and Report. • Delays to signing KSA Power trial agreements. But ………… • Marine trial demonstrated reliable MSAR
Slide 7: Highlights
Highlights Kingdom of Saudi Arabia (KSA) Power MSAR® Project: • Preparations for the commercial-scale trial are progressing with major stakeholders. • Project activities are underway, to enable commencement in line with 2018 timetable. Cepsa/Maersk Marine MSAR® Trial: • Reliable 24 hour MSAR® produc
Slide 8: Project and Market Updates
‘MSAR° Project and Market Updates *eessee”” Synthetic HFO vn" Fuels International pic
Slide 9: Refinery Production Of MSAR®
Refinery Production Of MSAR® • 6,000 BPD MSAR® commercial reference facility operational within 9 months of sign-off. • Proven reliability and quality of MSAR® production from July 2016: • High and low sulphur residues used - blended in MSAR® bulk storage. • 24hr production from early 2017 to supply
Slide 10: Marine MSAR® - Commercialisation
Marine MSAR® - Commercialisation • LONO trial progressed well, positive operational feedback from Maersk and Wärtsilä - important for 3rd parties. • Operators are evaluating future compliance options and investments. • High sulphur fuels + EGCS widely regarded as the lowest cost of compliance, but r
Slide 11: Marine MSAR® - Current consensus on IMO 2020
Marine MSAR® - Current consensus on IMO 2020 Industry surprised by IMO 2020 marine fuel 0.5% sulphur decision Main options: <0.5%S compliant fuel, >0.5%S fuel plus EGCS, or LNG <0.5%S compliant fuel >0.5%S non-compliant fuel 2M BPD (~100M tpa) of 1M BPD (~50M tpa) of high low Sulphur (mostly Forecas
Slide 12: Market Opportunity – Kingdom of Saudi Arabia
Market Opportunity – Kingdom of Saudi Arabia Replace up to 500KBD HFO*, plus crude oil: Iraq Iran Kuwait • National imperative, Vision 2030. • HFO demand exceeds domestic supply, Saudi >50% is imported. Arabia UAE Oman • Major utilities, OEMs and energy companies Sudan are actively engaged in the MS
Slide 13: Typical activities necessary to complete a MSAR® boiler trial
Typical activities necessary to complete a MSAR® boiler trial Phase 1 - Production Phase 2 - Transport Phase 3 – End Use MSAR® Production & Bulk Storage Logistics & Shipping MSAR® Consumption Engineering & Operations Handling & Quality Control Site Prep & Trial Support. e.g. 200-400,000 BPD Refinery
Slide 14: Quantification of power opportunity 2018+
Quantification of power opportunity 2018+ e.g. A 2,800MWe HFO Powerplant Needs residue sources… Each refinery requires… 100KBD HFO = 150KBD MSAR® Residual fuel is needed from Multiple MSAR® units multiple refineries* * A typical 150-200KBD Supportive economics at each refinery… semi-complex refinery
Slide 15: Global Opportunities
Global Opportunities Power • Initial focus on KSA PowerGen (40% of global power market). • Expand selectively into other Middle East and Asia regions. Complementary Solutions: • Refinery heaters & boilers. • National Oil Company Marine synergies to provide MSAR® • Obtain engine LONO for Marine & Pow
Slide 16: Research, Development & Innovation Activities
Research, Development & Innovation Activities Practical experience of Cepsa production is combined with focused RDI efforts to continually expand MSAR® applications and enhance performance: • MSAR® Production Process Enhancements: • Further improve production reliability/availability. • Simplify MMU
Slide 17: Outlook for 2018
Outlook for 2018 • Substantial commercial opportunity in the power and marine sectors. • Leverage the marine trial to progress opportunities with ship operators. • KSA power trial: significant commercial and technical preparations completed. • MoA with JGC is a catalyst for accelerated commercial de
Slide 18: Quadrise Fuels International plc
(Quadrise Fuels Int rnational plc
Quadrise Fuels International — Shareholder Meeting (December 2017) on 6ix