Project Development Agreement with Euthenia and BTG Bioliquids

Quadrise Plc has signed a Project Development Agreement (PDA) with renewable biofuels specialists, BTG Bioliquids (BTL) and Euthenia Energy Group.
Quadrise and BTL entered into a Joint Development Agreement (JDA) last year 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 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.
Jason Miles, Chief Executive Officer 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.”
Gerhard Muggen, managing director of BTG Bioliquids, added: "BTG Bioliquids is pleased to have signed this latest agreement with Quadrise and Euthenia to accelerate our strategy of collaborating with partners to develop attractive applications for fast pyrolysis bio-oil technology.”
Jean Paul Chalot, chairman of Euthenia Energy Group, concluded: "Euthenia is pleased to initiate this major project in collaboration with BTG Bioliquids and Quadrise as technology partners, using our industrial site in Spain, leveraged by a unique background in the biomass industry and a location nearby the major Mediterranean bunker hubs of Algeciras and Gibraltar.”