Quadrise signs supply agreement with MAC2 Solutions for Q2 marine biofuel trials
() , a suppler of clean energy solutions, has secured a new supply agreement with MAC2 Solutions for the production of 's MSAR and bioMSAR fuels. The contract will support 's upcoming marine vessel trials onboard the MSC Leandra V, expected to commence in Q2 2025.
Quadrise's MSAR and bioMSAR emulsion technologies enable the production of sustainable fuels and biofuels, reducing energy costs and lowering greenhouse gas emissions. The vessel trials onboard MSC Leandra V will comprise an initial proof-of-concept period using MSAR, followed by performance baseline tests with bioMSAR for 4,000 hours (c. 6-8 months) in order to obtain a letter of no objection from engine manufacturer Wärtsilä.
Today's contract outlines the responsibilities of both companies for the trials, set to begin after the installation of Quadrise's equipment at MAC2's Antwerp facility in Q2 2025. MAC2 will provide jetty space, utilities, permits and ad-hoc support services, while Quadrise will provision the MSAR and bioMSAR technology and fuel production equipment and personnel.
Alongside the trials, and MAC2 plan to begin permanent joint MSAR and bioMSAR bunker supply operations through the MAC2 facilities in Belgium to MSC and other shipping companies.
Jason Miles, CEO of Quadrise, commenting: "We are pleased to have signed this services agreement with MAC2 to progress our plans for supplying MSAR and bioMSAR to the marine sector from Antwerp-Bruges. We look forward to working with them as we prepare for the trials on the MSC Leandra V in Q2 2025 and to a successful longer-term partnership as we progress to commercial supply."
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Quadrise announces a major supply contract, prompting shares to rise 9% in early Tuesday trade. In January 2025, successfully raised £6.5m, enabling it to scale up production and delivery of its MSAR and bioMSAR technologies to the marine and other sectors. Quadrise is benefiting from market and regulatory forces demanding more use of sustainable fuels, such as the EU ETS and 'Fit-for-55', expected to materially boost biofuel use and technology investment in the European shipping sector.
As a whole, the maritime industry is seeing rapid change, driven by ambitious targets set by the EU and the International Maritime Organization. The IMO's Marine Environment Protection Committee is expected to introduce measures mandating lower GHG intensity fuels and a global maritime GHG emissions pricing mechanism, aiming for net-zero GHG emissions by 2050.
As conventional biofuels like biodiesel and renewable diesel face growing demand from other sectors, the need for lower-cost, widely available non-conventional biofuels is likely to rise. This, combined with the use of cheaper non-conventional waste-based biofuels such as glycerine, should enhance the attractiveness of 's bioMSAR.
In its latest interim results issued last week, reported strong sales momentum, an expanding project pipeline, and a growing network of partners. The company's drop-in biofuel solutions enable existing fleets and thermal energy systems to decarbonise with minimal investment, positioning as a key player in the global energy transition.
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