Quadrise Fuels International PLC Update on bioMSAR(TM) Testing (2256I)
August 11 2021 - 2:00AM
UK Regulatory
TIDMQFI
RNS Number : 2256I
Quadrise Fuels International PLC
11 August 2021
11 August 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Update on bioMSAR(TM) Testing
Quadrise , the supplier of MSAR(R) and bioMSAR (TM) emulsion
technology and fuels, which are low-cost, cleaner alternatives to
heavy fuel oil and biofuels, is pleased to provide an update on the
testing of bioMSAR(TM) on a medium speed 4-stroke Wärtsilä diesel
engine at the VTT facility in Finland and the planned performance
and emissions testing with Aquafuel.
bioMSAR(TM) Testing at VTT
A comprehensive suite of tests has been completed on a Wärtsilä
4-stroke engine using 5mt of bioMSAR(TM) fuel produced at QRF .
This engine was the same generic type previously used for MSAR(R)
testing, though it has since been modified for dual fuel operation,
and this required further work to enable comparison with the
earlier MSAR(R) test results.
The final bioMSAR(TM) test results show the following versus conventional liquid fuels:
-- Greater than expected calculated CO(2) savings - with reductions of 26-28%.
-- Engine efficiency increased by up to 7%.
-- Highly efficient combustion evidenced by low NOx, CO, particulate and soot emissions.
The CO(2) savings delivered by existing biofuels are more
typically in the region of 10-15%. bioMSAR(TM) 's formulation can
be adjusted to provide the consumers' required CO(2) savings at the
lowest cost.
The results of the test have been shared with MSC and an update
on the MSC trial programme will be provided, as appropriate, in due
course.
Further Testing at Aquafuel
Following the successful initial tests reported in February
2021, modifications were carried out by Aquafuel on our Cummins
4-stroke, high-speed diesel engine generating set to allow very
accurate performance monitoring, optimisation and measurements to
be made.
These modifications are now complete and the further bioMSAR(TM)
testing to optimise emissions and engine performance will be
carried out at Aquafuel, commencing later this month. Quadrise will
be attending the tests at the Aquafuel site and some of this work
will be included in the final segment of filming for Quadrise's
contribution to the UK Chamber of Shipping's "Making Waves: The
Future of Shipping" programme, to be launched on 13 September as
part of London International Shipping Week.
We expect the results of further testing at Aquafuel to be
available by the end of September.
Mike Kirk, Chairman of Quadrise, said:
"We are very pleased to share the positive bioMSAR(TM) test
results - especially those relating to CO(2) reductions and higher
efficiencies. Quadrise is making great progress on bioMSAR(TM)
testing and development. This work is crucial in enabling Quadrise
to offer customers a lower cost renewable fuel solution, alongside
our existing MSAR(R) fuel, and we look forward to sharing further
information with shareholders during Q3 2021.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the EU Market Abuse Regulation (2014/596) which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended and supplemented from time to time.
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
Katy Birkin +44 (0)20 7397 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
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