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Quadrise Fuels International positioning MSAR® for commercialisation in 2020

Highlights ‘firm foundation for growth’ with GBP 4.5 million funding in place, as company announces promotions of key staff members instrumental in the development of MSAR trials during 2019.

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Quadrise Fuels

Emulsion bunker producer Quadrise Fuels International plc (QFI) on Wednesday (15 January) announced the promotions of key staffs who are integral to its recent business development initiatives in 2019 which culminated in the recently announced heavy fuel oil (HFO) MSAR® pilot trials in Morocco.

“At the recent AGM we provided shareholders with an update which demonstrated the success of our strategy to broaden and deepen our business development pipeline,” said QFI Executive Chairman Mike Kirk.

“Along with the secured funding now in place we have a firm foundation for growth and the Board took the view that this was the right time to further develop the senior management team through the promotion of Jason to CEO and Mark to COO.”

Effective 1 February 2020, Jason Miles (Chief Operating Officer since 2014) is appointed to the position of Chief Executive Officer.

Mark Whittle (currently Head of Projects) succeeds Jason as Chief Operating Officer and becomes a director of the Company.

Mike Kirk continues as the Company’s Chairman.

“I have worked closely with Jason since joining Quadrise and during the last two years have also worked increasingly closely with Mark, both of whom have been integral to the recent business development initiatives which culminated in the recently announced trial in Morocco,” he added.

QFI was able to secure funding of GBP 4.5 million during Q3 2019 which will enable QFI to continue its business development activities through to the end of 2020 on the basis of current planned expenditure.

Below are the key business development updates on MSAR® in 2019:

  • Morocco– The in-country representative has proven to be very effective for Quadrise in Morocco – having been instrumental in securing the agreement with the major chemicals business to undertake an initial pilot trial at their manufacturing facility which was announced earlier today.  Pending the positive outcome of this first stagetool would then seek to progress to a larger-scale study and trials as a precursor to commercial roll-out.
  • Freepoint Commodities –Remains an important partner for QFI and the management remain in close contact on opportunities in Central and South America. QFI expects itself will be more valuable in terms of assisting in the commercialisation of projects, rather than identifying new ones. Freepoint also introduced QFI to Aleph Commodities who we are working with in the Kingdom of Saudi Arabia and Kuwait.
  • Redliner – Have demonstrated a good understanding of MSAR®technology and has arranged meetings with key parties within Mexico, most recently in November 2019.  This is a significant opportunity for QFI, although the management cannot overlook the challenges to progress new projects rapidly in the region on a fully funded basis, even for MSAR® projects that deliver material economic gains in the short-term. The Company will follow up during 2019 and into 2020.
  • European Oil Major– This work has not progressed materially to date – further progress will, QFI believe, be dependent on the development of major power or industrial customers for the substantial MSAR® volumes that would be generated at the refinery. QFI will continue to progress this market development work – which will also be the key to enabling the samples to be provided to enable full testing – given the operational challenges that there have been with the sample lines.
  • European Refiner– The initial stage of testing has been completed and visits carried out at both the client site and at QRF. The next stage is currently underway – with the client reviewing the economics of MSAR® compared with other IMO 2020 options, and if this proves positive, QFI expects to be developing a plan for a site trial during H1 2020.
  • Maersk/Marine – Discussions have continued in relation to the Royalty Agreement alongside Maersk’s revised approach to IMO 2020 compliance that includes the installation of scrubbers on a significant number of their vessels.  However, like most operators in the sector, meaningful engagement is not likely until the operational challenges of IMO 2020 readiness is concluded during Q1 2020.
  • Kingdom of Saudi Arabia– Good progress has been made with Al Khafrah as our new local partner and we expect high level engagement with one of the major stakeholders shortly which will help to define the route to enabling project delivery to commence at the earliest possible time during 2020. This work includes the opportunity to consider MSAR® manufacture in the Kingdom of Saudi Arabia at lower cost.
  • Kuwait – The market in Kuwait is undergoing extensive change, with a new grass-roots refinery nearing completion and a major upgrading being completed which will effectively combine two smaller, existing refineries.  Recent meetings have confirmed that there is an opportunity at the new refinery and we will undertake initial feasibility work to present to the client team in Kuwait once technical information is received.
  • Bitumina – QFI have continued to review opportunities to access the residue sources and terminals available to Bitumina – which will ultimately depend on accessing suitable consumers in the power, marine or industrial markets.
  • Asia –QFI is continuing to review opportunities in Japan through JGC and the management is reviewing a refinery refuelling opportunity.  API Poly GCL undertook a study in China and concluded the market in the power and industrial sectors was constrained by local coal and gas, though opportunities in the marine market remain under review – subject to the local operators’ (COSCO, etc.) approach to scrubbers in 2020.  As a result of challenging economics versus gas from LNG in combined-cycle plants and a change in its approach to the use of its existing assets, we have reached mutual decision with YTL Power Seraya to not renew the current MoU.
  • Merlin –QFI is continuing to review various heavy oil opportunities that would benefit from the use of MSAR®, though none are at the stage of progressing to active projects at this stage.
     
  • Nouryon – a new three-year agreement was signed on 8 October 2019 and recent discussions confirm that there are further opportunities for closer collaboration between Quadrise and Nouryon on project development.

“We are very pleased to have entered into this Agreement with this major industrial group in Morocco, which is a world leader in the sectors in which it operates and is a material consumer of fuel oil,” he commented on the agreement.

“We are looking forward to working with the Client’s team in Morocco to develop and deliver the MSAR® pilot trial and feasibility studies and, ultimately to demonstrate the wider potential for MSAR® use in the industrial sector, in addition to the power and marine markets.”

“We are confident that we will successfully demonstrate the economic and environmental benefits of MSAR® and, therefore, be able to progress through to commercial supply of MSAR® to the Client in due course,” he concluded.

 

 

Photo credit: Quadrise
Published: 17 January, 2020

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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