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  5. IN BRIEF: Quadrise Fuels shares rise on new framework agreement

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IN BRIEF: Quadrise Fuels shares rise on new framework agreement

Wed, 27th Jul 2022 12:03

Quadrise Fuels International PLC - London-based residual oil technology licensor - Signs framework agreement with MSC Shipmanagement Ltd, a wholly-owned subsidiary of MSC Mediterranean Shipping Company SA. Under the deal with the Cypriot firm, Quadrise will carry out tests using its technology aiming to reduce MSC's energy consumption on its fleet and therefore its energy costs. Further, the firms aim to negotiate a collaborative commercial agreement for Quadrise to supply its technology to MSC.

Current stock price: 1.56 pence, up 13% on Wednesday

12-month change: down 48%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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