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Quadrise (QED) Share News

IN BRIEF: Quadrise notes successful testing on bioMSAR with Vertoro

26th May 2023 09:33

Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Says first phase of engine testing with Vertoro BV joint-venture confirms material improvements in efficiency and emissions reductions with bioMSAR fuel. Says it has produced stable blends of bioSMAR containing up to 40% of Vertoro's crude sugar oil, which shows energy efficiency improvements of 7%, resulting in reduced fuel consumption and lower carbon dioxide emissions. Quadrise and Vertoro have been working together since September last year to develop a cost-effective supplement or alternative to glycerine in Quadrise's bioMSAR fuel. Read More

IN BRIEF: Quadrise shares down as fuel trial testing delayed

22nd May 2023 11:48

Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Says the industrial demonstration test has started this week in Morocco in line with the client's production schedule. Says the personnel at the client site confirms the MSAR and bioMSAR fuel quality and fully commissions its pumping and heating unit at load. However, says while running the client's initial unit warm-up sequence using MSAR fuel, a mechanical component in the PHU fails, which had reduced the "available unit load achievable from the Quadrise burner". As a result, Quadrise says it is unable to finish the testing during May as originally planned. Says the parties agree to pause the trial. Read More

IN BRIEF: Quadrise reports progress with projects in US and Morocco

16th May 2023 18:41

Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Provides update covering progress on each of its key projects. In Morocco, says the industrial demonstration test is now scheduled to commence in May. Upon success, the parties will enter discussions for potential commercial supply, with a view to signing a fuel supply agreement in the third quarter. Adds discussions with third party fuel suppliers for the proof-of-concept and letter of no objection trials on board the MSC Leandra are progressing positively. Says the intended outcome of these discussions is to conclude a tripartite agreement between the supplier, MSC and Quadrise as soon as possible. Further, in Utah - Quadrise and Valkor are finalising terms for the supply of a licence, services and manufacturing unit to enable Valkor to produce MSAR and bioMSAR for the first project, and conditional sub-licensing of the technology for other heavy oil projects in Utah. Read More

TRADING UPDATES: Shanta profit jumps; Octopus Renewables optimistic

29th Mar 2023 13:18

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

IN BRIEF: Quadrise confirms that name change is now complete

28th Mar 2023 13:29

Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR, formerly known as Quadrise Fuels International PLC - Says new company name "Quadrise PLC" has now been formally registered at Companies House. The change of name took effect on Tuesday. The company's ticker has also changed to 'QED' from 'QFI'. Read More

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