Quadrise Fuels International PLC Update re bioMSAR Testing at Aquafuel Research Ltd (4558N)
February 01 2021 - 2:00AM
UK Regulatory
TIDMQFI
RNS Number : 4558N
Quadrise Fuels International PLC
01 February 2021
1 February 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Update re bioMSAR(TM) Testing at Aquafuel Research Ltd
Quadrise Fuels International, the supplier of MSAR(R) and
bioMSAR(TM) emulsion technology and fuels, which are low-cost,
cleaner alternatives to heavy fuel oil, is pleased, further to the
Company's announcement of 18 December 2020, to provide a summary of
the initial testing of bioMSAR(TM) at Aquafuel Research Ltd's UK
test facility.
Quadrise is pleased to announce that the initial testing has
confirmed that bioMSAR(TM) is viable as a diesel engine fuel and in
addition has shown that bioMSAR(TM) achieved higher efficiency and
20-25% lower NOx compared to baseline testing on diesel at the
prevailing test conditions on a high-speed engine. The results
indicate further optimisation should be possible in terms of
operating conditions.
Particulates were comparable for both fuels, and the
pre-atomisation of the hydrocarbon in bioMSAR(TM) appears to be
enabling good carbon burn out and the avoidance of black soot even
though the test engine is designed for diesel and light fuels as
opposed to residue-based fuels.
Future third-party testing to build upon these positive initial
results will incorporate optimisation at various loads, with
further quantification of efficiency and emissions, and further
announcements will be made as appropriate in due course.
Mark Whittle, COO of Quadrise, commented:
"We are pleased to have achieved such positive results for
bioMSAR(TM) in terms of efficiency and emissions, especially as the
test engine is designed for diesel as opposed to residue-based
fuels. These results give us a solid foundation for the future
testing that is planned for medium (4-stroke) and low speed
(2-stroke) engines, which are more typically used by our
clients."
Paul Day, CEO & Founder of Aquaf uel , commented:
"This initial testing demonstrates bioMSAR(TM) is a viable
candidate for fossil fuel replacement in larger engines and results
indicate a significant NOx reduction, of the order of 20-25%, and
no loss of efficiency compared to diesel."
For further information, please contact:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer ir@quadrisefuels.com
Nominated Adviser
Cenkos Securities plc
Ben Jeynes +44 (0)20 7 397
Katy Birkin 8900
Joint Brokers
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs
Fiona Conroy +44 (0)20 7408 4090
Public & Investor Relations
FTI Consulting
Ben Brewerton +44 (0)20 3727 1000
Ntobeko Chidavaenzi
Notes to Editors
QFI is the supplier of MSAR(R) and bioMSAR(R) emulsion
technology and fuels, a low-cost environmentally beneficial
alternative to heavy fuel oil for the global power generation,
shipping, industrial and refining industries.
Aquafuel Research Ltd is a British-based company that
specialises in renewable power innovation using conventional
biofuels and glycerine. Aquafuel zero-emission glycerine generators
have powered the Formula-E race series and Volkswagen's
record-breaking ID.R car batteries. Aquafuel also supply novel
renewable CHP and hybrid power solutions.
The information communicated within this announcement was deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014 prior to the release of this
announcement. Upon the publication of this announcement, this
inside information is now considered to be in the public
domain.
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