{"id":38584,"date":"2024-12-04T06:00:03","date_gmt":"2024-12-04T05:00:03","guid":{"rendered":"https:\/\/eolog.com\/collaboration-and-operational-trial-agreement-with-msc-and-cargill\/"},"modified":"2024-12-04T06:00:03","modified_gmt":"2024-12-04T05:00:03","slug":"collaboration-and-operational-trial-agreement-with-msc-and-cargill","status":"publish","type":"post","link":"https:\/\/eolog.com\/en\/collaboration-and-operational-trial-agreement-with-msc-and-cargill\/","title":{"rendered":"Collaboration and Operational Trial Agreement with MSC and Cargill"},"content":{"rendered":"<p><\/p>\n<p>[By:&nbsp;Quadrise]<\/p>\n<p><a href=\"http:\/\/ww.quadrise.com\">Quadrise Plc (AIM: QED)<\/a>, the supplier of innovative energy solutions for a cleaner planet, is delighted to announce the signature of a Collaboration and Operational Trial Agreement (the &quot;Project Agreement&quot;) with <a href=\"https:\/\/www.mscshipmanagement.com\/\">MSC Shipmanagement Ltd (&quot;MSC&quot;)<\/a> and <a href=\"https:\/\/www.cargill.be\/en\/home\">Cargill NV (&quot;Cargill&quot;)<\/a>, paving the way for the long-awaited vessel trials on board the MSC Leandra (the &quot;Trials&quot;).<\/p>\n<p>Further to the Company&#039;s announcement of 10 July 2024, and under the&nbsp;Project Agreement, Quadrise, MSC and Cargill have agreed&nbsp;their respective obligations under which the Company&#039;s fuels,&nbsp;bioMSAR&trade; and MSAR&reg;, will be produced at the MAC<sup>2<\/sup>&nbsp;facility in Antwerp, Belgium using feedstocks supplied by Cargill and then sold by Cargill to MSC for the Trials.<\/p>\n<p>The parties to the&nbsp;Project Agreement&nbsp;will use their reasonable endeavours to contribute towards the successful Trials and to receipt of a final Letter of No Objection from&nbsp;W&auml;rtsil&auml; following 4,000 hours of bioMSAR&trade; testing, with:<\/p>\n<ul>\n<li>Quadrise providing equipment, additives and technical expertise; and<\/li>\n<li>MSC providing the trial vessel, MSC Leandra, necessary flag state approvals for the Trials and procuring professional monitoring services for the Trials; and<\/li>\n<li>Cargill providing the necessary feedstocks, transportation of fuels and operational and logistical support.<\/li>\n<\/ul>\n<p>MAC<sup>2<\/sup>&nbsp;have already&nbsp;received the required operating permits for installation of Quadrise equipment and have prepared the site. Following signature of the&nbsp;Project Agreement, final work to enable Quadrise equipment to be delivered to the MAC<sup>2<\/sup>&nbsp;site can now be completed, enabling the Trials to commence before end Q1 2025.<\/p>\n<p>In parallel, bilateral agreements, including a toll manufacturing agreement between Cargill and Quadrise in respect of fuel manufacture, can be finalised now that the outline commercial terms have been agreed in the&nbsp;Project Agreement.<\/p>\n<p>Upon successful conclusion of the Trials, MSC, Cargill and Quadrise will negotiate and enter into a definitive long-term Commercial Agreement.<\/p>\n<p>The&nbsp;Project Agreement&nbsp;will expire on the sooner of: (1) One year following completion of the Trials; (2) Commencement of a Commercial Agreement.<\/p>\n<p>Commenting on this agreement Jason Miles, CEO of Quadrise, said: &quot;Quadrise&nbsp;is delighted to have signed this pivotal agreement with MSC and Cargill, which triggers the process for the trials to get underway. We are hugely excited to be partnering with world-leading Companies to demonstrate the commercial viability and environmental benefits of our technology and the contribution it can make to decarbonisation of the shipping sector. Having already successfully demonstrated MSAR&reg;&nbsp;on the trial vessel, we are highly confident of a successful trial result on bioMSAR&trade; and the substantial commercial opportunities that this will lead to.&quot;<\/p>\n<p>About the MSC Vessel Trials<br \/>\nThe Trials will be carried out on the MSC Leandra, previously used for prior successful MSAR&reg; demonstrations, following the installation and commissioning of&nbsp;Quadrise&nbsp;equipment at the MAC<sup>2<\/sup>&nbsp;facility in&nbsp;Antwerp, Belgium and are expected to commence before end Q1 2025.<\/p>\n<p>The Trials will commence with Proof of Concept (&#039;POC&#039;) tests using MSAR&reg; and bioMSAR&trade;.&nbsp;Each POC Trial is estimated to require around 1,000 metric tons (&quot;MT&quot;) of fuel to confirm engine performance on the vessel.<\/p>\n<p>Subject to positive results from the POC Trials, the fuels will undergo subsequent trials to provide commercial operating experience with a view to obtaining Letters of No Objection (&quot;LONOs&quot;) from the engine manufacturer after confirming the operational viability of&nbsp;bioMSAR&trade; and MSAR&reg;&nbsp;at both an interim (midway) and final stage (after circa 4,000 operating hours). During&nbsp;the LONOs it is planned that barge deliveries of up to 1,500MT of Quadrise fuels will be supplied to the MSC vessel every 4-6 weeks for the Trials, over a period of 6-8 months.<\/p>\n<p>Upon completion of the Trials and receipt of the LONO, or when sufficient progress has been demonstrated to the satisfaction of MSC, Cargill and Quadrise (the &quot;Parties&quot;), the Parties plan to conclude long-term commercial agreements within three months of achieving this milestone.&nbsp;<\/p>\n<p>Additionally, MSC and Quadrise will continue discussions with other marine engine suppliers to investigate testing bioMSAR&trade; and MSAR&reg; on their engines and&nbsp;will also explore opportunities to test the Quadrise Blend-on-Board solution which will open up new possibilities for tramping vessels and provide additional flexibility on bioMSAR&trade; supply.<\/p>\n<p><br \/>\n<br \/>News source: http:\/\/maritime-executive.com <a target=\"_blank\" href=\"https:\/\/www.maritime-executive.com\/article\/collaboration-and-operational-trial-agreement-with-msc-and-cargill?rand=17996\">Go to original post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[By:&nbsp;Quadrise] Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, is delighted to announce the signature of a Collaboration and Operational Trial Agreement (the &quot;Project Agreement&quot;) with MSC Shipmanagement Ltd (&quot;MSC&quot;) and Cargill NV (&quot;Cargill&quot;), paving the way for the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38584","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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