The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksQFI.L Share News (QFI)

  • There is currently no data for QFI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Quadrise Fuels Work Progressing In Utah, Morocco

Tue, 02nd Feb 2021 19:08

Quadrise Fuels International PLC - London-based fuel conversion technology firm - Says work continues on the phase 2 study at one of its client's industrial facilities in Morocco and planning and preparations for the larger industrial-scale trial at another client's facilities, with engineering and planning meetings taking place as required remotely. The purpose of the industrial trial is to de-risk commercial roll-out and fast-track the phase 2 commercial trial, which is similar in scale and will utilise the same Quadrise MSAR trial equipment. Trial expected to start in second quarter of 2021.

In Utah, still awaiting the receipt of oil samples at QRF from Greenfield Energy as their programme for the start-up and commissioning of the Petroteq oil sands plant at the Asphalt Ridge facility. Work was delayed, but still progressing.

Chair Mike Kirk says: "We are pleased that positive momentum has been maintained on our projects in Morocco and Utah. In Morocco, our proactive approach to managing risks and timelines has paid dividends throughout 2020 and into 2021, and our client remains very supportive and keen for the remaining trials to progress at pace.

"In Utah, we front-loaded the preparation for the MMU and associated systems which are ready to ship to site at Greenfield's request, with the confirmatory sample testing being used to refine the additive package for the production trial. The first half of 2021 will be very busy for Quadrise, and we look forward to demonstrating strong progress across all of our active projects, including the recently announced JDA with MSC to enable the planning for the operational trial in 2021 and the continued development and testing of our exciting new bio/renewable fuel, bioMSAR."

Current stock price: 3.10 pence

Year-to-date change: up 39%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
21 Mar 2016 10:45

WINNERS & LOSERS SUMMARY: Hexion Acquisition Sends Synthomer Higher

Read more
21 Mar 2016 10:13

Quadrise Has Sufficient Funding To Last Until Maiden Revenue In 2017

Read more
17 Mar 2016 14:20

Quadrise inches closer to emulsion fuel production

(ShareCast News) - Quadrise Fuels International took one step closer to its vision of selling a marine fuel alternative on Thursday, as it sent off the equipment needed to begin the construction of an MSAR emulsion fuel refinery. The AIM-traded emerging manufacturer and supplier of MSAR emulsion fue

Read more
17 Mar 2016 13:21

Quadrise Fuels Starts Equipment Shipments To CEPSA Refinery

Read more
14 Mar 2016 16:09

Earnings, Trading Statements Calendar - Week Ahead

Read more
2 Feb 2016 09:35

Quadrise Executive Chairman Williams To Retire, Kirk To Replace

Read more
14 Dec 2015 14:31

Quadrise Signs Feasibility Study Contract With Major Corporation

Read more
20 Nov 2015 16:16

AGM, EGM Calendar - Week Ahead

Read more
19 Nov 2015 11:44

Quadrise Fuels Signs Deal To Use University Of Surrey Chemistry Centre

Read more
12 Oct 2015 13:43

Quadrise Fuels posts narrower full-year loss

(ShareCast News) - Quadrise Fuels International posted a narrower loss as the company husbanded resources amid the oil price collapse to support the commercialisation phase of its major projects. The emulsion fuel manufacturer's loss after tax for the 12 months to 30 June reached £4.9m - of which £2

Read more
12 Oct 2015 10:21

Quadrise Positioned To Succeed Despite Tough Oil Conditions - Chairman

Read more
16 Sep 2015 10:07

Quadrise to begin MSAR fuel trial with Maersk early 2016

(ShareCast News) - Shares in Quadrise Fuels International jumped over 10% on Wednesday morning, after the group said trials on its flagship MSAR fuel technology will start at the beginning of next year. The London-listed group has reached an agreement with Danish shipping giant AP Moller-Maersk and

Read more
16 Sep 2015 07:55

Quadrise Aims To Begin Trialling MSAR Fuel With Maersk In Early 2016

Read more
30 Mar 2015 11:52

LONDON MIDDAY BRIEFING: Kingfisher Rises As It Ditches Mr Bricolage Deal

Read more
30 Mar 2015 10:29

WINNERS & LOSERS: Kingfisher Leads FTSE 100 After Acquisition Setback

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.