Quadrise [LON:QED] the London-headquartered synthetic emulsion fuels developer started 2025 in the same vein that it closed 2024, announcing today (2nd January) it had signed an agreement with the European Infrastructure and Environment Executive Agency (CINEA) as part of the Seastars consortium, which includes sixteen other companies.
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Seastars is a research collaboration zeroed-in on the marine freight industry, and the consortium includes equipment manufacturers, shipbuilders, logistics companies, technology providers, naval architects, who are working together to demonstrate low-to-zero-emissions maritime transport, with an initial target to reduce well-to-wake greenhouse gas emissions by at least one-third and improving ships’ energy efficiency by 20%.
The consortium aims to achieve these targets using a combination of marine emission and efficiency improvement technologies. As part of this project Quadrise received EUR63,500 in grant monies as part of the consortium’s emission-reduction and efficiency-improvement report to ship owners and operators, and the fuel manufacturer’s blends will be used in eight vessel designs that will be “market-ready by 2027,” said the company.
Jason Miles, Quadrise’ CEO said: “Quadrise is delighted to have joined the Seastars consortium, which will demonstrate the benefits of bioMSAR [the company’s synthetic fuel made from biomass] and our blend-on-board technology to a much wider audience, whilst our participation in the Horizon project will deepen our combined knowledge in this important area of marine decarbonisation.”
Combining conventional fuels with biofuels
Quadrise’s blend-on-board technology facilitates the combination of conventional marine fuels, heavier residual fuels or biofuels with water and water-soluble biofuels (including biomass-derived sugars) to produce stable marine bioMSAR blends on board a vessel.
Quadrise has nailed-down a number of partnerships for its MSAR and bioMSAR fuels and at the end of 2024 completed positive engine testing results for its new bioMSAR prototypes, which included one prototype made with 100% biofuels; a first for Quadrise. This is a significant milestone for Quadrise’s ambition to provide the marine transport industry completely fossil-fuel commercial-scale fuel options by 2030.
The company has been one of The Armchair Trader’s ‘One to Watch’ stocks for the last two years and opened the year at 7.6p. At the start of 2024 Quadrise shares were trading at 2.85p and the firm’s shares are up 166% over one year, ranging between 1.14p and 8p over a 52-week period. However, since 21st November, Quadrise’s shares have surged nearly 400% and the company now has a market cap of GBP126m.
Tom Fraine, a research analyst for Shore Capital, which has Quadrise under coverage said: “We are encouraged to see further progress from Quadrise in demonstrating its technology to a broader audience in the marine market, where we see huge potential for the company. Quadrise shares are up 377% since the company’s AGM statement on 22 November, which was followed by a wave of encouraging updates, including confirmation that Quadrise has signed a three-way agreement with MSC and Cargill for a trial on an MSC vessel. This opportunity with MSC and Cargill alone could generate substantial high-margin annual revenues if only a small percentage of MSC’s overall fuel demand was switched to MSAR or bioMSAR. MSC currently consumes close to 10 million tonnes of fuel oil annually and we believe Quadrise could charge c.USD50 per tonne for the use of its technology.”
Quadrise remains ‘One to Watch’.
