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.
Publication date: 11 June, 2018
The Singapore court was planning to enforce a seizure and sale of the asset to pay a USD 705,594.45 debt owned by GP Global APAC to Equatorial Marine Fuel Management Services via a judgement.
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