Quadrise Secures Marine Fuel Supply Agreement with MAC2 Solutions
Why we think this is good
The agreement with MAC2 Solutions represents a positive step for Quadrise in expanding its MSAR® and bioMSAR™ fuel offerings to the marine sector. The successful completion of the trials and the subsequent commercial supply operations could provide a meaningful revenue opportunity for the company, though the exact financial impact is not quantified. The agreement also suggests progress in Quadrise's efforts to commercialize its innovative fuel technologies, which is a positive development for the business.
Key Points
- Quadrise has signed a Services Supply Agreement with MAC2 Solutions NV
- The agreement covers the production of MSAR® and bioMSAR™ fuels for marine vessel trials on the MSC Leandra V, expected to commence in Q2 2025
- The trials will be followed by potential commercial MSAR® and bioMSAR™ bunker supply operations to the marine sector through MAC2's facilities in Antwerp-Bruges
- The necessary funding and regulatory requirements appear to be in place or progressing
Summary
Quadrise Plc has signed a Services Supply Agreement with MAC2 Solutions NV to produce MSAR® and bioMSAR™ fuels for upcoming marine vessel trials on the MSC Leandra V, expected to commence in Q2 2025. The agreement sets out the responsibilities of Quadrise and MAC2 in respect of the trials, which will be followed by potential commercial MSAR® and bioMSAR™ bunker supply operations to the marine sector through MAC2's facilities in the Port of Antwerp-Bruges. The successful completion of the trials and the subsequent commercial supply could provide a meaningful revenue opportunity for Quadrise, though the exact financial impact is not quantified. The remaining bilateral agreements, including a toll manufacturing agreement with Cargill, continue to be advanced.