Marine fuel emulsification technology firm Quadrise has highlighted several market opportunities for its industry in a recent company update.
It notes of a potential collaboration opportunity with a facility operated by Spanish multinational oil and gas company CEPSA for supply to the marine or power markets.
“CEPSA remains supportive of Quadrise and recently hosted a refinery visit from a prospective Middle Eastern client, which was well received,” it states.
“This prospective client also travelled to the UK and visited Quadrise Research Facility (QRF) to witness MSAR® being produced from its own residues.”
The approaching 2020 sulphur cap for marine fuel has also resulted in momentum building on the implementation of exhaust gas cleaning systems across all major shipping segments, including tankers, bulkers and container ships, in addition to the cruise and ferry markets, says Quadrise.
“The economic case for MSAR® is also improving, with the spread between high sulphur heavy fuel oil (HFO) and low sulphur fuels widening significantly in the futures market up to 2020 and beyond – this also reinforces the economic benefits of scrubber installation, versus <0.5% sulphur fuel use,” it explains.
“In addition, we are seeing increasing demand from ship owners looking for term high sulphur fuel supply contracts aligned with scrubber installation, which could provide an opportunity for MSAR® supply to consumers and major hubs.”
The developments are a welcome change for the company, which in April confirmed a refinery counterparty will no longer support the production of its MSAR fuel.
Related: Quadrise emulsified fuel oil project suffers setback
Publication date: 11 June, 2018
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
31 Mar 2023