Quadrise announces joint development agreement with Vertoro, supplier of sustainable biomass based biofuels.
Quadrise announced the entry of a Joint Development Agreement (JDA) with Vertoro BV (Vertoro). Vertoro is the supplier of sustainable biomass-based biofuels extracted from abundant agricultural and forestry residues using their proprietary Goldilocks® technology.
GEM® is a crude lignin oil that’s a potential alternative to methanol and is being developed in conjunction with Maersk and CSO™ is an advanced crude sugar oil that’s a water soluble by-product of the Goldilocks® process.
The total market for these lignin residues is estimated to be around 200 billion tonnes per annum. Under the JDA, the Company and Vertoro will collaborate in seeking to progress the use of Vertoro’s CSO™ as a potential cost-effective supplement or alternative to glycerine in Quadrise’s bioMSAR™ fuel.
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The JDA may also present opportunities for the Company to supply MSAR® blending technology at Vertoro’s CSO™ plants or biorefineries under future agreements with Vertoro or Vertoro’s partners.
Quadrise has successfully produced stable blends of CSO™ based bioMSAR™ emulsions at laboratory scale at the Quadrise Research Facility, with diesel engine tests now being jointly planned during the next 12 months.
These tests will scale up and accelerate the potential supply of low cost CSO™ bioMSAR™ for the marine sector. The parties have filed a joint patent for CSO™ based bioMSAR™.
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Quadrise Announces Joint Development Agreement with Vertoro, September 21, 2022
