3rd Jan 2025 06:57
Quadrise PLC - London-based energy technology company and supplier of MSAR emulsion technology fuel - Says it has signed a horizon grant agreement with the European Climate, Infrastructure & Environment Executive Agency as one of the 17 consortium companies of Seastars, or Sustainable Emission Abatement Strategies & Technologies for Advanced Revolution Ships. Seastars is a group aiming to use marine emission and efficiency improvement technologies to reduce well-to-wake greenhouse gas emissions by at least 30% and improve energy efficiency by at least 20%.
As per the agreement, marine technology provided by Seastars members, including Quadrise's Blend-On-Board technology, will be used in eight vessel designs to be market-ready by December 2027. After the vessel design stage, Seastars will generate tailored decarbonisation recommendations for vessel owners and operators. Quadrise's share of the funding is up to EUR63,500.
Current stock price: 7.78 pence
12-month change: up from 2.63p
By Emily Parsons, Alliance News reporter
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