21 January 2021 | 09:39am
StockMarketWire.com - Heavy oil technology firm, Quadrise, has entered a Joint Development Agreement with MSC Shipmanagement Limited of Cyprus, a 100% subsidiary of MSC Mediterranean Shipping Company SA, to carry out an MSAR Operational Trial on MSC s fleet of commercial container vessels.
Initial activities under the JDA will include project initiation, definition, high-level scoping and feasibility activities of the overall trial. The Initial Activities are to be completed within three months.
Phase 1 will see the testing of MSAR fuel in a large MAN ME and/or a Wartsila/WinGD Flex 2-stroke engine, in order to obtain Letter Of No Objection approvals from the respective engine manufacturers.