Quadrise and AkzoNobel Extend Agreements for Emulsion Fuel Joint Development

Quadrise says it has extended two contracts with Akzo Nobel for the joint development of emulsion fuels.

Maker of Multiphase Superfine Atomized Residue (MSAR) emulsion bunkers, Quadrise Fuels International Plc (Quadrise) Wednesday announced that it has extended two contracts with Akzo Nobel N.V. (Akzo Nobel), which cover the exclusive purchase and supply of goods and services, and exclusive joint development of emulsion fuels, until at least November 2018.

"The extension of these agreements with our core technology partner, AkzoNobel, reinforce the commitment of both parties to commercialising the global MSAR business. Our long-term relationship with AkzoNobel continues to underpin our ability to move the Company towards long-term commercial revenues as our major projects evolve," said Mike Kirk, Quadrise Executive Chairman.

The contracts, which were originally signed in November 2013 and replaced the original Alliance Agreement between Quadrise and AkzoNobel from 2004, are said to ensure continuity and on-going support from AkzoNobel for the global commercialisation of MSAR projects.

Quadrise notes that any Intellectual Property arising from work conducted under the contracts - including previous work on MSAR Marine fuels development - is jointly owned. 

"We are excited about the recent developments around the MSAR technology and  pleased about the extended agreements between AkzoNobel and QFI," said Staffan Asplund, R&D Director of AkzoNobel Surface Chemistry.

"This solidifies a long-standing partnership that has led to remarkable technical progress. It is also a great example of how a unique and customized surfactant system is the essential ingredient behind a revolutionary fuel technology that will benefit several industries in the near future."

In August, Quadrise announced that it had signed a memorandum of understanding (MoU) to advance its production to combustion trial in Saudi Arabia.