In the UK, Quadrise, the supplier of MSAR and bioMSAR emulsion technology and fuels, signed a Joint Development Agreement with lignin biofuel specialists, Vertoro BV.
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 today 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. 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.
