has signed a non-binding agreement with energy consultancy Merlin Energy Resources to develop the Quadrise alternative fuel products.
The announcement came days after Quadrise said it had agreed a deal with an unnamed European oil refiner to develop a potential project for its MSAR oil in water emulsified heavy fuel oil.
Quadrise and Merlin say they will jointly evaluate, develop and seek to promote upstream heavy oil projects, with the intention of securing commercial agreements relating to the application of Quadrise’s MSAR technology and Merlin’s services.
Meanwhile a memorandum of agreement (MOA) with the refiner is said to cover proof of concept and scoping phases. Later phases including feasibility, application testing, trial and commercial implementation are to be covered by more specific agreements “in due course”.
Contact one of the World Bunkering team.
Terms & Conditions | Copyright © 2017 World Bunkering