15-02-2024
Quadrise project development agreement with Euthenia and BTG Bioliquids
Quadrise Plc, the supplier of innovative energy solutions for a cleaner planet, is pleased to announce the signature of a Project Development Agreement with renewable biofuels specialists, BTG Bioliquids BV and Euthenia Energy Group Limited.
As announced on 8 June 2023, Quadrise and BTL entered into a Joint Development Agreement to investigate the use of BTL's fast pyrolysis bio-oil as a potential cost-effective renewable feedstock for Quadrise's bioMSAR™ solution. The JDA forms part of our strategy to deliver a commercially viable net-zero biofuel by 2030 whilst also supporting decarbonisation of the marine, power, and heavy industry sectors. Work carried out under the JDA has resulted in positive outcomes to date, with stable formulations of bioMSAR™ incorporating FPBO being produced at the Quadrise Research Facility.
Building on this success, Quadrise and BTL have signed the PDA with Euthenia, an industrial group that is focused on developing, financing, and operating renewable energy projects and transition solutions for a low carbon economy. Euthenia have active projects and operations in Europe, North America and the Caribbean.
Under the PDA, a programme of lab and pilot testing, followed by diesel engine testing, is planned leading to a third-party commercial marine vessel trial. Euthenia will process ligno-cellulosic biomass feedstock at their facilities in Spain using BTL's FPBO and fractionation technologies, with the extracted sugars blended into Pyrolytic bioMSAR™ to provide sustainable marine fuel.
The work envisaged under the PDA is expected to accelerate the development of Pyrolytic bioMSAR™ and bioMSAR™ Zero to serve global shipping fleets in the Mediterranean, widen the global opportunities for BTL FPBO technology and leverage Euthenia's successful bioenergy and decarbonisation business.
A binding term sheet is expected to be finalised and signed within four months of signing the PDA to cover the larger diesel engine tests, the marine vessel trial and the future commercial relationships between the parties.
Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said "Quadrise is pleased with the progress made with BTG Bioliquids to date, and we are delighted to be now working alongside Euthenia under this new tripartite agreement. Advanced biofuels derived from woody biomass are expected to be very price competitive net-zero feedstocks. Importantly, the extracted sugars are water-soluble and therefore particularly suited for use with our oil-in-water emulsion technology for shipping and industrial applications. This latest collaboration is part of our wider plan to commercialise bioMSAR™ sustainable marine fuel in major bunker hubs, as well as advancing our programme to supply bioMSAR™ Zero by 2030 to reduce sector emissions of greenhouse gases and other pollutants using existing infrastructure.
Gerhard Muggen, Managing Director of BTG Bioliquids, added "BTG Bioliquids is pleased to have signed this latest agreement with Quadrise and Euthenia to accelerate our strategy of collaborating with partners to develop attractive applications for fast pyrolysis bio-oil technology. The successful inclusion of fast pyrolysis bio-oils and their derivatives into bioMSAR™ will be a major step in decarbonising the shipping industry."
Jean Paul Chalot, Chairman of Euthenia Energy Group, concluded "Euthenia is pleased to initiate this major project in collaboration with BTG Bioliquids and Quadrise as technology partners, using our industrial site in Spain, leveraged by a unique background in the biomass industry and a location nearby the major Mediterranean bunker hubs of Algeciras and Gibraltar. Advanced renewable transportation fuels derived from biomass present a very disruptive alternative for the aviation and shipping industries. With the successful outcome of this Project, we will confirm our ambition with our partners to be a major player in the sustainable marine fuel industry."
News Category:
-
Air Liquide's innovative large scale CO₂ liquefaction technology, Cryocap LQ, has been selected by Stockholm Exergi, Stockholm’s energy company, to contribute ...
25-07-2024
-
Airbus to boost sustainable aviation fuel production through investment in LanzaJet
Airbus is investing in LanzaJet, a leading sustainable fuels technology company and producer, in line with its ambition to act as a catalyst for the global development ...
25-07-2024
-
Lhyfe, one of the world’s pioneers in the production of green hydrogen, today announced a partnership with Elyse Energy, a pioneer in the production of low-carbon molecules. ...
25-07-2024
-
Sempra Infrastructure announces EPC contract with Bechtel for Port Arthur LNG Phase 2
Sempra Infrastructure, a subsidiary of Sempra, today announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineering, procurement ...
25-07-2024
-
Airbus partners with Avolon to explore future of hydrogen aviation
Airbus has announced a new partnership with aircraft lessor, Avolon, to study the potential of hydrogen-powered aircraft, marking the very first collaboration of the ...
25-07-2024
-
PETRONAS acquires land for carbon capture and storage hub in Peninsular Malaysia
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd ('PCCSS'), has signed a land rental agreement with Kuantan Port Consortium Sdn Bhd ('Kuantan Port') to ...
25-07-2024
-
Repsol and Iberia sign an agreement with Inditex to use 5% of SAF for the transport of its air cargo
Repsol and Iberia have signed an agreement with Inditex for the purchase of sustainable aviation fuel (SAF). The SAF used represents 5% of the fuel that Iberia uses to ...
25-07-2024
-
IPCEI funding approval paves way for progress at bp’s Lingen green hydrogen project
bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany. The ...
25-07-2024
-
DNV completes CCS directive guidance to facilitate sustainable CO2 storage in the EU economic area
DNV, the independent energy expert and assurance provider, has successfully supported the European Commission’s update of the four non-binding Guidance Documents (GDs) ...
24-07-2024
-
Newly commissioned terminal capacity expands availability of SAF at central and eastern US airports
Neste has commissioned terminal capacity at ONEOK’s terminal in Houston, Texas for blending and storing Neste MY Sustainable Aviation Fuel™. This is a major step ...
24-07-2024