Quadrise CEO says shipping fuel uncertainty could boost demand for its cleaner fuel alteratives
Quadrise PLC (AIM:QED) CEO Peter Borup talked with Proactive's Stephen Gunnion about how the recent delay by the International Maritime Organization (IMO) to finalise its net-zero framework is impacting the global shipping industry and the commercial prospects of Quadrise’s cleaner fuel alternatives, MSAR and BioMSAR. Borup said the delay has introduced more uncertainty for shipowners and regulators alike but stressed that it also opens space for independent action. “You can actually go pretty far and you can save some money at the same time,” he noted, pointing to immediate solutions including hull paint, rotor sails, and Quadrise’s own products that reduce both emissions and costs. He also addressed the impact of lacking a global carbon pricing mechanism until 2027, saying that cleaner fuels like MSAR and BioMSAR still offer a compelling value proposition due to their economic and emissions advantages. Borup highlighted growing opportunities within the European Union's Emissions Trading Scheme, with players already selling carbon credits at over €300 per tonne to global buyers such as Microsoft. While the IMO delay may appear as a hurdle, Borup suggested it could also be beneficial, stating, “It could be in our favour,” provided Quadrise can scale adoption quickly. He emphasised the importance of a level playing field for shipowners across jurisdictions. For more in-depth interviews, visit Proactive's YouTube channel. Don’t forget to like this video, subscribe, and turn on notifications for future updates. #Quadrise #ShippingFuel #CleanEnergy #BioMSAR #MSAR #PeterBorup #IMO #Decarbonisation #MaritimeFuels #EmissionReduction #CarbonCredits #ETS #SustainableShipping
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