Quadrise PLC · LSE:QED
Quadrise — Shareholder Meeting (December 2011)
14 slides from Quadrise's shareholder meeting presentation, Dec 12, 2011
Slide 1: Annual General Meeting Company Update
MSAR® - a low cost substitute for heavy fuel oil Power generation, Marine fuels, Refinery refuelling Annual General Meeting 12th December 2011 Company Update www.quadrisefuels.com 12 . 12 . 2011
Slide 2: Progress over the last 18 months
Progress over the last 18 months Corporate Restructure: Focus on managed interests Formation of project companies Secure key management Funding: Net £ 4.45 million Institutional market relationships Financed to early revenue Projects: Marine MSAR® formulation Seaborne evaluation imminent Saudi / Mex
Slide 3: Corporate Structure
Corporate Structure LSE: AIM Quadrise International Ltd Projects that are controlled by QIL | Marine Fuels * Contractors to Saudi Aramco Americas US Partner
Slide 4: A reminder - our fuel adds tremendous value
A reminder - our fuel adds tremendous value Normal Refinery MSAR® Refinery 1 2 Heavy Fuel Oil MSAR® emulsion (600 million tonnes/a) Premium Water & <2% fuel additives Viscous Residue Refinery premium fuel output goes up from 50% to 70% 3 A 200,000 bbl/d refinery gains up to $ 100 million/annum (shar
Slide 5: Quadrise is the Integrator
Quadrise is the Integrator Life of project agreement • Establish market for MSAR® • Install equipment at refinery • Provide licence & experts • Arrange supply of MSAR® to consumers 5
Slide 6: The value is shared three ways…
The value is shared three ways… 1 2 Fuel Oil consumers save on costs Refinery margins increase Major Marine End-users • Up to US$200 million/year fuel saving 2 Refineries Power Utilities : e.g. PowerSeraya • Reduce fuel costs by circa US$20 million/year 3 Quadrise gets its share through on- Refinery
Slide 7: Important environmental advantages
Important environmental advantages MSAR® advantages versus Fuel Oil NOx 20% reduction in NOx production typically Black Soot Efficient carbon burnout = negligible “black soot” (black soot is a major contributor to global warming) SO2 Refinery dependent but generally similar to fuel oil, and within e
Slide 8: Active projects status
Active projects status Marine : Joint development with Mærsk Saudi : Refinery upgrade with oil major • Marine MSAR® manufacture at OrlenLietuva • Refinery study complete and supply to Rotterdam completed • MSAR® “highly profitable” • Next milestones: • Next milestones: • Sorø Mærsk evaluation Q1 201
Slide 9: Orimulsion supply stops
Quadrise experience with emulsion fuels in large diesel engines 1990 2000 2010 Orimulsion® supply stops Wartsila V46/64 Evaluation testing Wartsila Orimulsion® with Wartsila, MAN endurance tests in L32/V46 pilot fuel: and Mitsui tests in Finland Finland & Guatemala (>20kt) >150,000 hours commercial
Slide 10: 2011 Marine MSAR production & supply
2011 Marine MSAR® production & supply SHIP TO SHIP SØRO ORLEN MARINE TRUCKS TO TRUCKS TO COASTER TO TRANSFER @ MÆRSK VISBREAKER MSAR® KLAIPEDA COASTER ROTTERDAM ROTTERDAM EVALUATION Temporary Marine MSAR® 24/7 production system : Truck loading gantry: Marine MSAR® Temporary storage Truck loading man
Slide 11: 2011 Marine MSAR production & supply
2011 Marine MSAR® production & supply SHIP TO SHIP SØRO ORLEN MARINE TRUCKS TO TRUCKS TO COASTER TO TRANSFER @ MÆRSK VISBREAKER MSAR® KLAIPEDA COASTER ROTTERDAM ROTTERDAM EVALUATION Truck offloading MSAR® onto coaster at Klaipeda: MSAR® bunkering at APM Terminals Rotterdam: 11
Slide 12: 2011/2012 Pathway to MSAR commercialisation
2011/2012 Pathway to MSAR® commercialisation 2011 2012 Conclude Mærsk JDA work Commence & Conclude agreements Commence commercial Marine Marine & refinery agreements - complete Søro & install 1,000mt/day MSAR® supply for Mærsk / OEM Maersk demo & trials Mærsk evaluation Marine MSAR® facility approva
Slide 13: Canadian non-managed interests
Canadian non-managed interests QFI plc 9.6% 20.4% 3.8% 16.9% Optimal QCC Paxton Porient • A junior oil production • Provides IP licences, R&D • Applies technologies to co- • Business Plan : Recover company applying services & technology produce steam/electricity & high value products from Enhanced O
Slide 14: In summary – Quadrise an industry Gamechanger…
In summary – Quadrise an industry Gamechanger… Significant market of circa 600 mtpa (>150mtpa is bunker fuel oil); Partnering with major world class industry players; Marine MSAR® breakthrough; Long term alliance with AkzoNobel – the industry leader in this field; Uniquely experienced management tea