General FAQs

What is MSAR® and how does it differ from traditional marine fuels?
MSAR® has some unique properties. It is made using proprietary technology to blend the residual oil from oil refining processes with water and small amounts of chemicals according to a bespoke formulation. In contrast with traditional refineries, the residuals are mixed with light oil products (that could otherwise be sold at a premium to crude oil) to create HFO. MSAR® systems are modular, hence MSAR blending can take place alongside HFO production if required.

MSAR® is a fluid liquid at room temperature which makes it easier to handle and reduces the heating costs for storing, transportation and use in comparison to HFO. It also means existing fuel oil infrastructure can be used.

In addition, the residual oil droplets are pre-atomised within the emulsion and are much smaller than droplets formed from atomising HFO; this means that MSAR® burns very efficiently, potentially leaving no particulate carbon in the exhaust and reducing harmful emissions.
Can you explain Quadrise’s business model?
Quadrise has developed a new technology solution that produces MSAR® fuel, which can be used as an alternative to heavy fuel oil (HFO). HFO is one of the world’s largest fuel markets with over 450m tonnes used per annum.

MSAR® is, with the appropriate residual stream, cheaper to produce than HFO, with lower emissions, providing advantages both to the producer and to the consumer of the fuel. Consequently, MSAR® has the potential to disrupt all sectors currently using HFO with initial projects focussing on the marine and power markets.

Quadrise derives revenue from technology license fees, sale of chemicals, engineering and technical support services, and associated sales or leasing of equipment used for the manufacture of MSAR®.
Can you tell us more about the marine fuel industry and the role of Quadrise?
The marine industry consumes over 200 million tonnes of HFO each year. Fuelling for the shipping industry is centred around a small number of global bunkering hubs. These bunkering hubs are also closely associated with regional refining centres. Our strategy is to focus on local refiners in these centres to expand the availability of marine MSAR® for both Maersk Line and other shipping operators.

With respect to MSAR® application in the marine sector we are working jointly with Maersk and diesel engine OEMs to optimise MSAR® fuel and systems for marine use, and obtain LONO and Class Society approvals where required.

In parallel, we are working in the Middle East and the Far East, pursuing substantial opportunities in oil-fired power generation and industrial applications.

This approach provides our partners producing MSAR® with both an expanding customer base for marine MSAR® and other complementary end-user markets. This both reduces risks for producers and enhances the growth potential – we think that this is a potent strategy for delivering growth for Quadrise.
How long does it take for a refinery to install MSAR® equipment and is it expensive?
There is not one specific answer to this as each project will differ, however the MSAR® solution is modular and scalable. Each MMU (MSAR® Manufacturing Unit) module has a capacity of up to 350,000t per annum of MSAR®, together with the ancillary equipment and storage. This can be installed at a total cost of less than $10m, together with refinery tie-ins, within a period of typically 6-12 months. As the systems are modular, it is possible to add other MMUs relatively easily, enabling production capacity to be increased to meet rising demand – again reducing the risk and upfront capex for refiners.
Are there any specific risks to the fuel?
As MSAR® fuel contains water, it should not be exposed to conditions that might freeze or boil the water. Other than this, providing Quadrise fuel handling guidelines are followed there are no specific risks to the fuel.
What is the Marine Operational Trial testing for?
The Operational Trial follows on from stationary diesel engine trials and successful “Proof of Concept” testing on 2 operational Maersk vessels.

The Operational Trial has three primary aims:

1. To show that MSAR® can be used on-board a standard vessel (with some modifications to the fuel handling systems) with the existing crew over an extended period.

2. To ensure that operating procedures and settings for operation of the electronically injected 2-stroke diesel engine in a variety of conditions can be finalised.

3. To enable the engine manufacturer – Wärtsilä – to provide a letter of no objection (LONO) which confirms to engine users that they can be fuelled by MSAR® without any impact on the engine manufacturers’ warranty.