1 September 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its subsidiaries the "Group")
Publication of bioMSAR™ Test Results
Quadrise, the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, which are low-cost, cleaner alternatives to heavy fuel oil and biofuels, is pleased to report that test results of bioMSAR™ on a medium speed 4-stroke Wärtsilä diesel engine at the VTT facility in Finland, confirming the results announced by the Company on 11 August 2021 when compared to conventional liquid fuels, are now available at: https://www.quadrisefuels.com/biomsar/references/.
bioMSAR™ Test Highlights:
• Engine efficiency was higher (up to 7%) than with marine diesel, increasing with engine load.
• Average calculated CO2 emissions were 26% lower than diesel on a life-cycle ("well-to-wake") basis, due to a combination of the 40% renewable glycerine content of bioMSAR™ and the higher engine efficiency.
• NOx emissions were lower than for prior HFO and MSAR® tests, and comparable to diesel, with further NOx optimisation possible.
• Smoke and particulate levels were very low, as were unburned hydrocarbons emissions, due to efficient fuel combustion.
• The existing diesel engine fuel pumps and injectors worked well with bioMSAR™.
The bioMSAR™ test utilised 5 tons of bioMSAR™ manufactured at the Quadrise Research Facility, formulated with the intention of achieving a 20% CO2 reduction and the results presented are in comparison to diesel at 75% load, which is a typical operating regime for a marine 4-stroke diesel (testing range of 50% to 90% load).
Further bioMSAR™ Testing at Aquafuel
As previously announced by the Company on 11 August 2021, further tests of bioMSAR™ are being conducted on our Cummins 4-stroke, high-speed diesel engine generating set to allow accurate performance monitoring, optimisation and measurements to be made. We expect the results of this testing at Aquafuel to be available by the end of September.
For further information, please contact:
| Quadrise Fuels International Plc | |
| Mike Kirk, Chairman | +44 (0)20 7031 7321 |
| Jason Miles, Chief Executive Officer | |
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| Nominated Adviser | |
| Cenkos Securities plc | |
| Ben Jeynes Katy Birkin | +44 (0)20 7397 8900 |
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| Joint Brokers | |
| Peel Hunt LLP | |
| Richard Crichton | +44 (0)20 7418 8900 |
| David McKeown | |
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| Shore Capital Stockbrokers Limited | |
| Toby Gibbs Fiona Conroy | +44 (0)20 7408 4090
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| Public & Investor Relations | |
| FTI Consulting | |
| Ben Brewerton | +44 (0)20 3727 1000 |
| Ntobeko Chidavaenzi | |
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