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Quadrise Works With Vertoro to Blend Crude Sugar Oil Product Into BioMSAR Emulsion Fuel
Emulsion fuel technology firm Quadrise is set to work together with biofuel specialist Vertoro to use a crude sugar oil product in its bioMSAR fuel.
The two companies have signed a joint development agreement seeking to use Vertoro's crude sugar oil as a bio-feedstock in bioMSAR, Quadrise said in an emailed statement on Wednesday.
Quadrise uses its MSAR technology to emulsify bunker fuels with water, producing a fuel with lower emissions by mass. The bioMSAR process works on a similar principle, but with bio-feedstocks added to deliver further GHG savings.
Earlier this year Quadrise agreed to set up proof-of-concept tests of its MSAR and bioMSAR fuels with container line MSC.
A subsidiary of container line AP Moller-Maersk announced last year that it was investing in Vertoro with a view to developing its lignin technology.
"Quadrise is delighted to have signed this JDA with Vertoro, having worked with their team for over a year," Jason Miles, CEO of Quadrise, said in the statement.
"Lignin-based fuels are potentially the most price competitive net-zero biofuel solutions and this joint collaboration fits well with our plans to commercialise bioMSAR with MSC Shipmanagement and others, as well as advancing our programme to supply net-zero bioMSAR by 2030.
"Vertoro's CSO combined with Quadrise's bioMSAR technology offers a compelling solution for the marine sector to accelerate decarbonisation and emissions reduction efforts economically and safely."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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