Quadrise Fuels advancing transition to commercial revenues

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  • Quadrise Fuels International COO resigns from board
  • Shore Capital says its excited by Quadrise International’s opportunity
  • Quadrise Fuels International collaborate with Aquafuel to accelerate bioMSAR project
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Quick facts: Quadrise Fuels International PLC

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Quadrise is the global innovator and licensor of disruptive heavy oil technology that produces MSAR(R) fuel.

The Quadrise team is a unique combination of energy sector experts and fuel specialists that were instrumental in the prior commercialisation of 60 million tons of Orimulsion(R) fuel worldwide.

16 Jul 2021

() said its chief operating officer Mark Whittle has resigned from the board with immediate effect.

The AIM-listed firm said Whittle has agreed to continue working with the company to ensure a managed handover, adding that his contract termination date will be October 15 unless otherwise mutually agreed.

Quadrise said its executive chairman Mike Kirk and its chief executive Jason Miles will continue to lead the management and that its existing resourcing will allow it to continue to advance its portfolio of project opportunities in line with their current schedules in the short term.

The group added that it will commence the search for a replacement COO immediately and that further announcements will be made as appropriate.

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28 Jun 2021

Quadrise Fuels International PLC () said it expects full results shortly from a test in Finland of its new low carbon alternative to heavy fuel oil.

In a statement, Mike Kirk, chairman, said: “The positive initial feedback from testing of bioMSAR on a Wartsila 4-stroke engine in Finland is very encouraging and we look forward to receiving the full report in the coming weeks.

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29 Mar 2021

() said it has a “firm foundation” from which to grow through a range of project opportunities, as it posted interim results.

The company described its last three quarters as “amongst the most significant periods in its history”.

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02 Mar 2021

Shore Capital said it is excited by the scale of the opportunity facing as it arranged new funding. In a note, the stockbroker highlighted that the funding will cover the firm’s operations through to June 2022 at which point meaningful revenue streams may be in place.

“We anticipate that significant licence fees and equipment sales could come as early as H2 2022, helping to support positive, sustainable cash flows,” Shore Capital analyst Tom Fraine said in a note.

“We are excited by the scale of the opportunity Quadrise has in a range of markets across diverse geographies and we are encouraged by the momentum the company has been gaining recently.”

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18 Dec 2020

‘s () Jason Miles talks to Proactive’s London’s Katie Pilbeam about teaming up with Aquafuel in their bioMSAR fuel venture.

Aquafuel has significant experience in the development of innovative solutions using glycerine in renewable power.

Revealed earlier this week, bioMSAR, is a synthetic alternative to heavy fuel oil (HFO) with significantly reduced greenhouse gas emissions.

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Quadrise Fuels International ‘excited to get started’ after signing deal…

Quadrise Fuels International PLC’s (LON:QFI) Jason Miles talks to Proactive London about their latest deal with MSC Mediterranean Shipping Company.

The partnership with one of the world’s largest shipping company will mean both companies work together on a trial of the group’s MSAR fuel…

on 22/1/21

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