Quadrise Plc, BTG Bioliquids BV and Euthenia Energy Group sign agreement

As announced on 8 June 2023, Quadrise and BTL entered into a Joint Development Agreement (JDA) to investigate the use of BTL's fast pyrolysis bio-oil (FPBO) as a potential cost-effective renewable feedstock for Quadrise's bioMSAR™ solution. The JDA forms part of the company's 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 (Pyrolytic bioMSAR™) 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, CEO 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."

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/15022024/quadrise-plc-btg-bioliquids-bv-and-euthenia-energy-group-sign-agreement/