Connect with us

Business

Quadrise announces appointment of Peter Borup as new CEO

Effective from 1 October 2025, Borup’s appointment will drive commercialisation in the next stage of the low emissions fuels and biofuel developer’s growth.

Admin

Published

on

Quadrise announces appointment of Peter Borup as new CEO

Quadrise (QED), a low emissions fuels and biofuel developer, on Monday (15 September) announced the appointment of Peter Borup as Chief Executive Officer. 

Effective from 1 October 2025, Borup’s appointment will drive commercialisation in the next stage of QED’s growth.

Borup is an accomplished CEO with over 30 years’ experience in the shipping industry. He began his career at A.P. Moller-Maersk in Copenhagen, before being appointed as General Manager for Maersk Broker in Korea and China (1992-2001). Later in his career, Borup moved into senior leadership roles at several major cargo shipping operators. 

These include positions as Senior Vice President and Managing Direct at D/S Norden, in Asia (2002-2013), after which Borup was appointed as President at Lauritzen Bulkers (2013-2018), before joining NORVIC Shipping International as CEO NORVIC Dry – Copenhagen and Dubai (2018-2021).

During his career, Borup has worked in key global shipping hubs, including Copenhagen, Seoul, Beijing, Singapore and Dubai, leading strategy, investment and shipping operations. Since 2020, Borup has contributed to the development of maritime technology and innovation, beyond his leadership roles in shipping, through his position on the investment committees of Rainmaking, Motion Ventures and The Shipping Collective, as well as serving as Acting Chairman of the board at AI start-up Shipster.ai.

Borup has degrees from IMD Business School (MBA), Wharton Business School’s Advanced Management Program, Copenhagen Business School’s Advanced Board Program, as well as being a Fulbright Scholar at Georgetown University in Asian Studies.

Andy Morrison, Chairman, Quadrise, said: “We are delighted to have appointed Peter as CEO of Quadrise. His extensive expertise and relationships in the shipping industry will undoubtedly help us at this pivotal time for the company as we move our technology towards commercialisation. 

“The knowledge and work he has in the decarbonisation space will also further enable us to progress our technology offering and strategy. We look forward to welcoming him to the Board in October and working with him to drive Quadrise forward.”

Peter Borup, incoming CEO of Quadrise, said: “I am excited to be joining the Quadrise team. The Company’s technology is becoming increasingly important as the shipping industry looks to decarbonise and move towards a greener and more sustainable future. 

“A range of transition technologies are available that, individually or in combination, can deliver meaningful reductions in emissions—those offered by Quadrise also provide substantial cost savings. I look forward to working with the team to drive the strategy forward as well as help identify further opportunities to grow the business and its offering, unlocking value for shareholders and partners.”

 

Photo credit: Quadrise
Published: 16 September, 2025

Continue Reading

Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

Admin

Published

on

By

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

Continue Reading

Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

Admin

Published

on

By

NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

Continue Reading

Ammonia

AM Green plans to build green ammonia plant at Indian port

Initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes, says VOC Port Authority.

Admin

Published

on

By

india flag

VO Chidambaranar (VOC) Port Authority on Friday (29 May) said it has signed a Memorandum of Understanding (MoU) with India’s ammonia producer AM Green Ammonia to collaborate in the development of a green ammonia production plant.

The plant will have a capacity of one million tonnes per annum (MTPA) at Tuticorin.

The initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes. 

The project is expected to support the development of green fuel corridors connecting VOC Port with major ports in Europe and Asia, thereby strengthening India’s position in the global green fuels value chain.

VOC Port also signed a Memorandum of Understanding (MoU) with Bureau Veritas (India) Pvt. Ltd., to collaborate on Green Port certification, emissions accounting, ESG reporting, safety validation, development of green bunkering practices, and establishment of a Centre of Excellence for green fuels and sustainability.

The port also plans for an upcoming 750 m³ green methanol bunkering facility.

 

Photo credit: Naveed Ahmed on Unsplash
Published: 3 June, 2026

Continue Reading

Trending