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Quadrise Fuels launching fuel trial in Saudi Arabia

Wed, 10th Aug 2016 12:39

(ShareCast News) - Emerging manufacturer and supplier of MSAR emulsion fuels Quadrise Fuels International announced the execution of the memorandum of understanding for starting the "Production to Combustion" trial in Saudi Arabia on Wednesday.The AIM-traded company outlined the MoU in its end of year update on 5 July.It said the MoU defines the basis of collaboration between Quadrise and its clients in Saudi Arabia to progress the trial at designated refinery and power plant facilities within the kingdom.Whilst at this stage the company said it cannot provide firm indications of the timetable, it expects the schedule to extend beyond spring 2017, which was the originally anticipated point at which the trial would be concluded."We have been working hard with our partners and our clients in the Kingdom of Saudi Arabia during 2016 and are delighted that we have now been able to execute the MoU," said Quadrise executive chairman Mike Kirk."This is a critical enabler to commence the preparations to bring this project to reality."We remain confident of demonstrating the value of Quadrise MSAR technology in Saudi Arabia on a commercial scale with combustion testing at a major power utility in what promises to be a significant project for the kingdom, well aligned with its Vision 2030 Programme," Kirk explained.
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6 Mar 2014 13:56

UK MIDDAY BRIEFING: BoE, ECB Hold; Ukraine Clouds EU Politics

LONDON (Alliance News) - The Bank of England and European Central Bank have again kept their monetary policies and interest rates unchanged, just as events to the east continue to threaten the influence and expansion potential of the European Union.

As expected, the BoE has kept its

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6 Mar 2014 12:07

UK WINNERS & LOSERS: Betfair, 32Red Move In Opposite Directions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS Aviva, up 9.3%. The life insurer's results were ahead the markets expectations on each of the key financial metrics except

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6 Mar 2014 11:19

Quadrise Fuels Raises USD10.7 Million In Placing

LONDON (Alliance News) - Quadrise Fuels International PLC Thursday said it has raised USD10.7 million by placing 33.4 million new shares at a price of 32 pence per share. The developer of fuel oil alternatives for the shipping, refining and power generation markets, said the proceeds of the

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24 Feb 2014 12:19

Quadrise In New Royalty Deal For Marine Fuel With AP Moller-Maersk

LONDON (Alliance News) - Quadrise Fuels International PLC Monday said it has signed a new royalty agreement with AP Moller-Maersk for its marine MSAR fuel which extends it for a further three years to the end of 2022 and sets out the terms and legal framework for other deals once the fuel goes in

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8 Jan 2014 12:19

Quadrise Fuels proposes equity fundraising

Shares in Quadrise Fuels dropped on Wednesday after the company said it was planning to raise funds to finance additional staff. The company, which is focused on developing a low-cost oil alternative called Multiphase Superfine Atomized Residue Synthetic Fuel Oil (MSAR), said it needed additional

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20 Nov 2013 07:52

AIM IN BRIEF: Rangers FC Appoints Graham Wallace As CEO

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19 Nov 2013 18:26

DIRECTOR DEALINGS: Quadrise Fuels Finance Director's Wife Sells 500,000 Shares

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7 Oct 2013 10:35

Quadrise Fuels Widens Pretax Losses, Expects First Revenues In Early 2014

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30 Sep 2013 10:06

Quadrise Says Not Aware Of Reason For Share Price Jump

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3 Jun 2013 08:40

Quadrise subsidiary signs MOU with Colombian oil provider

Quadrise (QFI), the emerging supplier of MSAR, a low cost alternative to heavy fuel oil in the shipping and power generation markets, has reported that a Memorandum of Understanding (MOU) has been signed by its 100% wholly-owned subsidiary of Quadrise International (QFI), with Ecopetrol S.A., the Co

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17 Jan 2013 12:16

STOCKS NEWS EUROPE-UK small caps modestly higher at midday

The FTSE Small Caps index is up 0.1 percent at midday, mirroring modest gains by the FTSE 250 index, also up 0.1 percent, with the FTSE 100 index flat. Quadrise Fuels International jumps 10.5 percent after issuing a positive update with respect to its Marine MSAR fuel programme with Maersk

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7 Nov 2012 15:42

Resources round-up: Paternoster, Beacon Hill, Urals Energy

Paternoster Resources, an investment company focused on the natural resources sector, highlighted the discrepancy between its net asset value per share of 0.52p versus its current share price after it invested in the recent placing of shares in Quadrise Fuels International. As at the close of tradin

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22 Oct 2012 15:34

Quadrise Fuels says the show is on the road

Quadrise International, a manufacturer and supplier of emulsion fuels, pared its losses in the last year and said that after struggling to convince people of the merits of its technology 'the show is on the road'. Emulsion fuels are marketed as a low cost alternative to heavy fuel oil in the global

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4 Oct 2012 12:32

Quadrise Fuels completes placing of 50m shares

Quadrise Fuels International, which supplies a low-cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, has completed the placing of 50m new ordinary at 7p. The proceeds of the placing, which totalled £3.5m, is believed to be sufficient to allow the company t

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3 Oct 2012 13:24

Quadrise Fuels to place up to 50m shares

Quadrise Fuels International, which supplies a low-cost alternative to heavy fuel oil in the shipping, refining, and power generation markets has confirmed it is the advanced stages of placing as many as 50m new ordinary shares. The announcement, which followed recent press speculation, said the s

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