Quadrise PLC (AIM:QED) CEO Peter Borup joined Stephen Gunnion in the Proactive studio to discuss the company’s evolving strategy, market conditions and priorities as it advances marine fuel trials and prepares for commercial scale-up.
Borup reflected on his first months leading the company, explaining that while Quadrise already had a robust strategy in place, the rapidly changing global environment has required a sharper focus on execution speed and parallel workstreams. He said shipping customers are increasingly prioritising cost efficiency and operational resilience before committing to longer-term decarbonisation initiatives.
He highlighted that the suspension of a planned International Maritime Organisation regulation has not disrupted Quadrise’s progress, noting that the company’s MSAR technology remains competitive due to its low capital expenditure and operating costs. Borup said, “They’re looking for upfront profits, for improving the operations, for becoming low-cost manufacturers or operators, and then of course that means that we have to demonstrate that our product offers it.”
Borup outlined that securing trials remains the company’s most important near-term objective, particularly progressing the MSE project while simultaneously engaging with additional shipowners. He explained that many shipowners prefer not to be first movers, but Quadrise is identifying partners willing to take early adoption risks.
He also emphasised the importance of feedstock supply and refinery partnerships, stating that these stakeholders need to see long-term economic value before committing. Alongside trials, Quadrise is accelerating work on digitalisation and data use cases to strengthen its competitive position and prepare for future scaling.
Borup concluded that while the external environment remains complex, demonstrating measurable cost savings through Quadrise’s fuel solutions is central to unlocking broader adoption.
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