Accord avec Euthenia & BTG Bioliquids
15 Février 2024
Quadrise Plc
("Quadrise" ou la "Société")
Projet Development Agreement with Euthenia and BTG Bioliquids
Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce the signature of a Project Development Agreement ("PDA") with renewable biofuels specialists, BTG Bioliquids BV ("BTL") and Euthenia Energy Group Limited ("Euthenia").
As announced on 8 June 2023, Quadrise and BTL entered into a Joint Development Agreement ("JDA") to investigate the use of BTL's fast pyrolysis bio-oil ("FPBO") as a potential cost-effective renewable feedstock for Quadrise's bioMSAR? solution. The JDA forms part of our strategy to deliver a commercially viable net-zero biofuel by 2030 whilst also supporting decarbonisation of the marine, power, and heavy industry sectors. Work carried out under the JDA has resulted in positive outcomes to date, with stable formulations of bioMSAR? incorporating FPBO ("Pyrolytic bioMSAR?") being produced at the Quadrise Research Facility.
Building on this success, Quadrise and BTL have signed the PDA with Euthenia, an industrial group that is focused on developing, financing, and operating renewable energy projects and transition solutions for a low carbon economy. Euthenia have active projects and operations in Europe, North America and the Caribbean.
Under the PDA, a programme of lab and pilot testing, followed by diesel engine testing, is planned leading to a third-party commercial marine vessel trial. Euthenia will process ligno-cellulosic biomass feedstock at their facilities in Spain using BTL's FPBO and fractionation technologies, with the extracted sugars blended into Pyrolytic bioMSAR? to provide sustainable marine fuel.
The work envisaged under the PDA is expected to accelerate the development of Pyrolytic bioMSAR? and bioMSAR? Zero to serve global shipping fleets in the Mediterranean, widen the global opportunities for BTL FPBO technology and leverage Euthenia's successful bioenergy and decarbonisation business.
A binding term sheet is expected to be finalised and signed within four months of signing the PDA to cover the larger diesel engine tests, the marine vessel trial and the future commercial relationships between the parties.
Commentant cette mise à jour, Jason Miles, PDG de Quadrise, a déclaré :
"Quadrise is pleased with the progress made with BTG Bioliquids to date, and we are delighted to be now working alongside Euthenia under this new tripartite agreement. Advanced biofuels derived from woody biomass are expected to be very price competitive net-zero feedstocks. Importantly, the extracted sugars are water-soluble and therefore particularly suited for use with our oil-in-water emulsion technology for shipping and industrial applications. This latest collaboration is part of our wider plan to commercialise bioMSAR? sustainable marine fuel in major bunker hubs, as well as advancing our programme to supply bioMSAR? Zero by 2030 to reduce sector emissions of greenhouse gases and other pollutants using existing infrastructure.
Gerhard Muggen, directeur général de BTG Bioliquids, a ajouté :
"BTG Bioliquids is pleased to have signed this latest agreement with Quadrise and Euthenia to accelerate our strategy of collaborating with partners to develop attractive applications for fast pyrolysis bio-oil technology. The successful inclusion of fast pyrolysis bio-oils and their derivatives into bioMSAR? will be a major step in decarbonising the shipping industry."
Jean Paul Chalot, Chairman of Euthenia Energy Group, concluded:
"Euthenia is pleased to initiate this major project in collaboration with BTG Bioliquids and Quadrise as technology partners, using our industrial site in Spain, leveraged by a unique background in the biomass industry and a location nearby the major Mediterranean bunker hubs of Algeciras and Gibraltar. Advanced renewable transportation fuels derived from biomass present a very disruptive alternative for the aviation and shipping industries. With the successful outcome of this Project, we will confirm our ambition with our partners to be a major player in the sustainable marine fuel industry."
Pour plus d'informations, se il vous plaît contacter:
Quadrise Plc | + 44 (0) 20 7031 7321 | |
Andy Morrisson, président Jason Miles, directeur général | ||
Conseiller désigné | ||
Marchés des capitaux Cavendish Limitée | + 44 (0) 20 7220 0500 | |
Ben Jeyne | ||
Katie Birkin | ||
Commun Brokers Stock de capital côtierbrokers Limité |
+ 44 (0) 20 7408 4090 | |
Toby Gibbs, Rachel Goldstein (Conseil d'entreprise) | ||
Fiona Conroy (courtage en entreprise) | ||
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VSA Capital Limitée Andrew Raca (Finance d'entreprise) Andrew Monk (courtage en entreprise) | + 44 (0) 20 3005 5000 | |
Relations publiques et investisseurs |
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Conseil de Vigo Patrick D'Ancône Finlay Thompson | + 44 (0) 20 7390 0230 |
À propos de Quadrise
Quadrise est le fournisseur de MSAR® et de bioMSAR ? technologie d'émulsion, carburants et biocarburants, fournissant des solutions innovantes pour réduire les coûts énergétiques et les émissions de gaz à effet de serre aujourd'hui pour les clients des secteurs mondiaux de la production d'électricité, du transport maritime, de l'industrie et du raffinage.
Pour en savoir plus: www.quadrise.com
Learn more about BTG Bioliquids at: www.btg-bioliquids.com
Learn more about Euthenia Energy at: www.euthenia-energy.com
Cette annonce contient des informations privilégiées aux fins de l'article 7 du règlement sur les abus de marché (UE) 596/2014, car elle fait partie du droit interne britannique en vertu de la loi de 2018 de l'Union européenne (retrait) (« MAR ») et est divulguée dans conformément aux obligations de la Société en vertu de l'article 17 du MAR.
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