Quadrise Fuels Announces Joint Development Agreement With MSC Shipmanagement Limited
Quadrise is pleased to announce it has signed a Joint Development Agreement (“JDA”) with MSC Shipmanagement Limited of Cyprus (“MSC”), a 100% subsidiary of MSC Mediterranean Shipping Company SA headquartered in Geneva, to carry out an MSAR® Operational Trial (the “Trial”) on commercial container vessels in the MSC global fleet commencing in 2021 with, subject to further agreement, subsequent commercial rollout upon success. The MSC Group is one of the world’s largest cargo shipping and cruise line companies.
Initial activities under the JDA will include project initiation, definition, high-level scoping and feasibility activities (“Initial Activities”) of the overall Trial. The Initial Activities are to be completed within 3 months.
‘We are particularly interested in potential environmental benefits of MSAR® and bioMSARTM that, alongside the economic benefits, reflect our approach,’ said MSC.
21 January 2021 | 09:39am
StockMarketWire.com - Heavy oil technology firm, Quadrise, has entered a Joint Development Agreement with MSC Shipmanagement Limited of Cyprus, a 100% subsidiary of MSC Mediterranean Shipping Company SA, to carry out an MSAR Operational Trial on MSC s fleet of commercial container vessels.
Initial activities under the JDA will include project initiation, definition, high-level scoping and feasibility activities of the overall trial. The Initial Activities are to be completed within three months.
Phase 1 will see the testing of MSAR fuel in a large MAN ME and/or a Wartsila/WinGD Flex 2-stroke engine, in order to obtain Letter Of No Objection approvals from the respective engine manufacturers.