Quadrise inches closer to emulsion fuel production

Quadrise Fuels International took one step closer to its vision of selling a marine fuel alternative on Thursday, as it sent off the equipment needed to begin the construction of an MSAR emulsion fuel refinery.

The AIM-traded emerging manufacturer and supplier of MSAR emulsion fuels said that, with respect to the contracts executed with Maersk Line and Cespa for the operational trial programme, it had now shipped equipment to Cespa's Refinery Gibraltar San Roque, and had begun civil works that are required for the installation of a Quadrise MSAR Manufacturing Unit.

"These activities are an integral part of the overall project designed to meet the requirements of the joint operational trial programme, with installation and commissioning of the unit planned for the first half of 2016," Quadrise's board said in a statement.

The company said MSAR was a low-cost alternative to heavy fuel oil, one of the world's largest fuel markets comprising over 450 million tons per annum.