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Quadrise Fuels Expands Aleph Commodities Partnership Into Saudi Arabia

Thu, 13th Jun 2019 11:08

(Alliance News) - Shares in Quadrise Fuels International PLC rose Thursday as it unveiled a new partnership with Aleph Commodities Ltd, which it already works with in Kuwait.

Quadrise was trading 8.6% higher on Thursday morning in London, at 4.48 pence a share.

The deal will see Aleph provide services to Quadrise related to the use of its emulsion technology MSAR in Saudi Arabia. Quadrise sees MSAR as a low-cost alternative to heavy fuel oil.

The deal could see Quadrise issue up to 65 million warrants to Aleph, based on various milestones being achieved. They would be issued in up to four tranches.

Aleph would also get royalties from any gross revenue achieved by Quadrise from work secured via Aleph.

UK-based Aleph, Quadrise said, has recently been set up by a small group of commodities traders with "significant" experience in the Middle East.

Quadrise Executive Chair Mike Kirk said: "I am pleased that we have been able to enter into this new services agreement with Aleph to cover the Saudi Arabian opportunity.

"This builds on the work that we are doing with Aleph in Kuwait and provides the structure to deliver a coherent approach in two major markets in the region and increase the efficiency of both our business development and project related activities."

"As Quadrise shareholders know well, Saudi Arabia is a market in which we have substantial experience and Aleph, together with our new local partner Al Khafrah, will enable us to build on this in a positive way," Kirk continued.

More News
13 Mar 2023 12:24

IN BRIEF: Quadrise Fuels International announces new name

Quadrise Fuels International PLC - London-based innovator and licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Plans to change the company's name to Quadrise PLC, and its ticker to 'QED' from 'QFI'. Says the new name is part of the company's initiative to "emphasise Quadrise's position in the energy decarbonisation space amongst customers and investors and to acknowledge the material contribution that the company's technology solutions can make to reducing carbon intensity in marine, power and industrial applications." Expects the renaming of the company to occur prior to the end of March. The company's website will be refreshed at the same time.

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3 Mar 2023 14:02

Quadrise fuel clears latest round of testing with MSC

(Sharecast News) - Quadrise Fuels International announced on Friday that its 'bioMSAR' fuel successfully went through testing with Wärtsilä Services Switzerland in December.

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3 Mar 2023 13:31

IN BRIEF: Quadrise Fuels reports next steps for bioMSAR testing

Quadrise Fuels International PLC - London-based innovator and licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Confirms that its bioMSAR can proceed to the next phase of assessment. Says the optical combustion test confirms bioMSAR to have similar injection and combustion properties as MSAR. As a result, expects bioMSAR to behave similarly to MSAR when "utilised in medium and slow-speed diesel engines". Quadrise says the optical combustion and engine wear tests were carried out as a necessary precursor to commercial-scale vessel trials.

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23 Feb 2023 15:50

Quadrise Fuels surges as fuel reaches client facility

(Sharecast News) - Quadrise Fuels International updated the market on the material transfer and cooperation agreement with its Moroccan client on Thursday.

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23 Feb 2023 12:34

IN BRIEF: Quadrise shares jump as MSAR fuel clears customs for trial

Quadrise Fuels International PLC - London-based innovator and licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Confirms that the MSAR fuel for a forthcoming trial has been cleared by customs in Morocco and is now on site at its client's facility, alongside the bioMSAR fuel delivered back in December. As a result, the company is finalising its trial schedule with the client. The fuel trials are expected to start before the end of the first quarter of 2023.

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23 Feb 2023 10:53

AIM WINNERS & LOSERS: Quadrise says fuel cleared by Moroccan customs

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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23 Feb 2023 09:02

LONDON MARKET OPEN: Mixed open in London; Rolls-Royce up, Mondi down

(Alliance News) - Stock prices in London opened mixed on Thursday, with large-cap indices underperforming amid mixed corporate earnings.

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16 Jan 2023 16:39

Quadrise Fuels shares fall after progress update

(Sharecast News) - Quadrise Fuels International updated the market on its current projects on Monday, reporting that in Morocco, after its previously-reported delays, the 'bioMSAR' fuel arrived at the client site in December.

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16 Jan 2023 16:26

TRADING UPDATES: Tungsten West 'largest Western tungsten producer'

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

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25 Nov 2022 10:47

Quadrise Fuels making "material progress" as expects revenue this year

(Alliance News) - Quadrise Fuels International PLC on Friday said it is making progress across its portfolio, confirming that it expects commercial revenue in the current financial year.

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18 Nov 2022 15:50

UK shareholder meetings calendar - next 7 days

Monday 21 November 
Manchester & London Investment Trust PLCAGM
Mountview Estates PLCGM re re-electing Chair Powell, Non-Exec Archibald
RPS Group PLCGM cash offer agreement
Yamana Gold IncGM Gold Fields offer
Tuesday 22 November 
Alpha FX Group PLCGM re name change
Artemis Resources LtdAGM
Fonix Mobile PLCAGM
Kingswood Holdings LtdAGM
Origin Enterprises PLCAGM
Physiomics PLCAGM
Quantum Exponential Group PLCAGM
Rainbow Rare Earths LtdAGM
Sabien Technology Group PLCAGM
Town Centre Securities PLCAGM
Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Nov 2022 21:23

TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition

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

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15 Nov 2022 12:56

Quadrise extends Nouryon deal for another three years

(Sharecast News) - Alternative fuels developer Quadrise announced an extension to the exclusive global collaboration and emulsifiers sales agreement with specialty chemicals company Nouryon on Tuesday.

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3 Oct 2022 17:03

Quadrise Fuels anticipates growth following global project progress

(Alliance News) - Quadrise Fuels International PLC on Monday said it was entering an "exciting" period following material progress across international projects and revenue growth.

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26 Sep 2022 15:55

UK earnings, trading statements calendar - next 7 days

Tuesday 27 September 
AG Barr PLCHalf Year Results
Animalcare Group PLCHalf Year Results
Billington Holdings PLCHalf Year Results
Boku IncHalf Year Results
Card Factory PLCHalf Year Results
Close Brothers Group PLCFull Year Results
Diaceutics PLCHalf Year Results
Digitalbox PLCHalf Year Results
ECSC Group PLCHalf Year Results
Ergomed PLCHalf Year Results
Ferguson PLCFull Year Results
FireAngel Safety Technology Group PLCHalf Year Results
GENinCode PLCHalf Year Results
Gresham House Energy Storage Fund PLCHalf Year Results
K3 Capital Group PLCFull Year Results
Instem PLCHalf Year Results
LifeSafe Holdings PLCHalf Year Results
Medica Group PLCHalf Year Results
Mission Group PLCHalf Year Results
Mortgage Advice Bureau PLCHalf Year Results
NAHL Group  PLCHalf Year Results
Origin Enterprises PLCFull Year Results
United Utilities Group PLCTrading Statement
Personal Group Holdings PLCHalf Year Results
S&U PLCHalf Year Results
Saga PLCHalf Year Results
Serica Energy PLCHalf Year Results
SSP Group PLCTrading Statement
tinyBuild IncHalf Year Results
Transense Technologies PLCFull Year Results
Yu Group PLCHalf Year Results
Wednesday 28 September 
1Spatial PLCHalf Year Results
AVI Japan Opportunity Trust PLCHalf Year Results
Avingtrans PLCFull Year Results
Blancco Technology Group PLCFull Year Results
boohoo Group PLCHalf Year Results
DP Poland PLCHalf Year Results
Everyman Media Group PLCHalf Year Results
Octopus Renewables Infrastructure Trust PLCHalf Year Results
Shepherd Neame LtdFull Year Results
Skillcast Group PLCHalf Year Results
SolGold PLCFull Year Results
Thursday 29 September 
Allergy Therapeutics PLCFull Year Results
Angle PLCHalf Year Results
Avacta Group PLCHalf Year Results
Avation PLCFull Year Results
Bango PLCHalf Year Results
Cap-XX LtdHalf Year Results
Celadon Pharmaceuticals PLCHalf Year Results
Crestchic PLCHalf Year Results
Directa Plus PLCTrading Statement
HSS Hire Group PLCHalf Year Results
McBride PLCFull Year Results
NAHL Group PLCHalf Year Results
Next PLCHalf Year Results
Novacyt SAHalf Year Results
Physiomics PLCFull Year Results
Synairgen PLCHalf Year Results
XLMedia PLCHalf Year Results
Friday 30 September 
abrdn Property Income Trust LtdHalf Year Results
Bluefield Solar Income Fund LtdFull Year Results
Cineworld Group PLCHalf Year Results
CMO Group PLCHalf Year Results
Dignity PLCHalf Year Results
DP Eurasia NVHalf Year Results
DX Group PLCFull Year Results
Falanx Group LtdFull Year Results
Glantus Holdings PLCHalf Year Results
HealthBeacon PLCHalf Year Results
ImmuPharma PLCHalf Year Results
Iofina PLCHalf Year Results
Oncimmune Holdings PLCHalf Year Results
Pennon Group PLCTrading Statement
Quarto Group IncHalf Year Results
Strip Tinning Holdings PLCHalf Year Results
Trellus Health PLCHalf Year Results
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James Halstead PLCFull Year Results
Quadrise Fuels International PLCFull Year Results
Renewi PLCTrading Statement
SRT Marine Systems PLCHalf Year Results
Tortilla Mexican Grill PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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