Quadrise Plc · LSE:QED
Quadrise — Quadrise Fuels International — Shareholder Meeting (November 2020)
21 slides from Quadrise's shareholder meeting presentation, Nov 27, 2020
Slide 1: MSAR - a clean solution to a global problem
MSAR® - a clean solution to a global problem 2020 ANNUAL GENERAL MEETING – BUSINESS UPDATE 27 November 2020
Slide 2: Disclaimer
This document ("Presentation") has been prepared by Quadrise Fuels International plc (the "Company"). It has not been verified and is for information purposes only. Where used in this document, Presentation shall mean and include the slides that follow, the oral presentation of the slides by the Com
Slide 3: A Global Problem: Oversupply, Uneconomic, Polluting
Heavy Fuels Oversupply & Crude Oils ▪ Producers and refineries make too much heavy oil ▪ Recent 2020 IMO regulations reduces demand A Global 20-40% Problem Distillates Uneconomic HFO HFO ▪ Heavy fuel oil sells at a discount to crude oil1 ▪ Diluents are used for blending (to lower viscosity) 60-80% R
Slide 4: MSAR technology eliminates the need for oil diluents
MSAR® technology eliminates the need for oil diluents 30% Water Inc. <1% Additives A Unique ✓ Reducing HFO oversupply by ~30% using water Solution 70% Residuals $ ✓ Saving refinery distillates, providing cheaper energy ✓ Cleaner to use and burns like a gas … through the innovative use of proven emul
Slide 5: Global Opportunities: We access the global market cost-effectively
We access the global market cost-effectively Global directly & through carefully selected partners Opportunities MSAR® APPLICATIONS : MARINE BUNKERS REFINING UTILITIES INDUSTRY MARINE MERLIN UPSTREAM US$135 billion of heavy fuel oil (HFO) is sold annually* * BP Statistical Review of World Energy 202
Slide 6: Global Opportunities: Key QFI Projects
Global International Chemicals & Mining Group, Morocco Opportunities INDUSTRY Key QFI Greenfield Energy LLC (Valkor-Tomco), Utah USA Projects UPSTREAM National Oil Company & Utility, Ecuador REFINING UTILITIES National Oil Company & Utility, Kingdom of Saudi Arabia REFINING UTILITIES Major ShipCo’s,
Slide 7: Business Update: International Chemicals & Mining Group, Morocco
International Chemicals & Mining Group Business Update ▪ A fuel oil replacement opportunity (~1-2 MMUs) MOROCCO ▪ Multiple sites and industrial applications in Morocco ▪ Agreement signed 28 Nov 2019 (pilot trial & studies) Industrial ▪ Phase 1 pilot trial planned Q1’20 delayed (Covid-19) ▪ Phase 2 s
Slide 8: Business Update: Morocco next steps and 2021 plan
International Chemicals & Mining Group Business Update Next steps: MOROCCO ▪ Finalise amendments to existing agreement ▪ Preparations for trial site and new MSAR® equipment Industrial ▪ Preparing fuel manufacture and logistics for Q1’21 supply Plan for 2021: ▪ Q1’21 Industrial trial & Phase 2 studie
Slide 9: Business Update: Greenfield Energy LLC (Tomco/Valkor), Utah
Greenfield Energy LLC (Tomco/Valkor) Business Update ▪ Heavy oil upstream application with potential to produce 0.5%S compliant MSAR® from asphalt UTAH, USA ▪ MOU with Valkor - Feb 2020 Upstream ▪ Agreement with Greenfield Energy LLC - Aug 2020 ▪ Greenfield (JV between Valkor & TomCo Energy plc) ▪ G
Slide 10: Business Update: Utah next steps and 2021 plan
Greenfield Energy LLC (Tomco/Valkor) Business Update Next steps: UTAH, USA ▪ MSAR® trial equipment is prepared and ready to ship (awaiting Greenfield instruction) Upstream ▪ Confirmatory testing at QRF – still awaiting asphalt samples from POSP (eta Dec '20/Jan '21) Plan for 2021: ▪ Q1 '21: Completi
Slide 11: Business Update: Ecuador (with Freepoint Commodities)
Ecuador (with Freepoint Commodities) Business Update ▪ Refinery refueling & national utilities application, future exports with Freepoint and upstream potential ECUADOR ▪ Meetings held at HQ and refinery in Q1’20 National Oil ▪ MSAR® proposal issued for refinery & utility in Q2’20 Companies & Utilit
Slide 12: Business Update: Americas – Other activities
Americas – Other activities Business Update ▪ Bi-lingual White Paper & website updates completed, formal launch is planned for next week AMERICAS ▪ Redliner: Mexico multi-site refinery study pending, briefings submitted to NOC downstream director National Oil Companies & ▪ Agency agreement signed wi
Slide 13: Saudi Arabia (with Al Khafrah Holdings Group)
Saudi Arabia (with Al Khafrah Holdings Group) Business ▪ Working with new partner, Al-Khafrah, since mid-2019 Update ▪ 400MWe MSAR® KSA boiler trial under discussion with utility and NOC, original technical due diligence completed in 2018 SAUDI ARABIA ▪ New bi-lingual White Paper and website updates
Slide 14: Business Update: Marine, Global Marine Fuel
Business Global Marine Fuel Update ▪ Focusing on major fleet owners, who use electronic engines & scrubbers and are users of high sulphur fuel MARINE ▪ Discussions held with two major fleet owners & operators under Joint Development Agreements; ▪ One in the containers sector ▪ One in the bulker sect
Slide 15: Business Update: Marine next steps
Business Global Marine Fuel Update Next steps: MARINE ▪ Q4’20 sign off JDA with at least one owner ▪ Q1’21 prepare for new LONO trial of Marine MSAR® on MAN ME, and potentially Wärtsilä / WinGD Flex vessel/s ▪ Procure equipment for fuel production and vessel/s fuel booster systems ▪ Q2’21 prepare ve
Slide 16: Global Opportunities: Projects Progress Summary
…Q4’20 Q1’21 Q2’21 Q3’21 Q4’21… Global International Chemicals & Mining Group, Morocco Opportunities Trial Industrial trial & Commercial trials MSAR® fuel supply agreement Prep Phase 2 studies Progress PROJECTS SUMMARY Greenfield Energy LLC (Valkor-Tomco), Utah USA POSP QRF Report & Commercial Start
Slide 17: New IP & Sustainable Fuels: Green MSAR Initiative
Business Sustainable Fuels: Green MSAR® Initiative Update ▪ A 2020 ESG RDI initiative to enhance the sustainability of MSAR® New IP & ▪ Testing of bio-fuels and residuals as MSAR® components at QRF What does the initial Sustainable IMO GHG strategy say? Solutions ▪ Sustainable components displace re
Slide 18: Sustainable Fuels: Green MSAR Initiative next steps
Business Sustainable Fuels: Green MSAR® Initiative Update Next steps: New IP & ▪ Positive progress in QRF tests so far, 20-30% CO2 reduction achievable Sustainable Solutions ▪ Joint patent application to be submitted with Nouryon early December 2020 ▪ Formal product launch planned for early December
Slide 19: Financials: Careful cash management during the period
Careful cash management during the period: Financials ▪ Cash runway extended from Dec 2020 to mid Q2’21 due to: Fully funded ▪ Reduced financial commitments, including serving notice on London office lease through to ▪ Minimal travel and associated expenses due to Covid-19 restrictions mid Q2 2021 ▪
Slide 20: Solving a global problem now
Quadrise Solving a global problem now Strategy ▪ By producing stable oil-in-water emulsions ▪ Using proven modular, low-capex technology ▪ Industry leading team, IP & global partners Enabling a cleaner energy transition ▪ MSAR® technology makes oil burn like gas ▪ Reduces costs for consumers and pro
Slide 21: MSAR - a clean solution to a global problem
MSAR® - a clean solution to a global problem 2020 ANNUAL GENERAL MEETING – BUSINESS UPDATE 27 November 2020
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