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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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28 Aug 2012 15:10

Resources round-up: Quadrise Intl, Angel Mining, Solo Oil

Quadrise International, a manufacturer and supplier of emulsion fuels, has successfully developed an enhanced version of its MSAR fuel and has formed an agreement with Orlen Lietuva to proceed with the fuel manufacturing and assessment programme with the Mærsk test vessel. The results of the evaluat

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22 Aug 2012 08:24

Quadrise shares soar on Saudi Arabia agreement

Quadrise shares leapt by over half on Wednesday after the company, which produces a low-cost alternative to fuel oil, announced that its subsidiaries have signed a memorandum of agreement (MOA) with M/S Rafid Group ahead of contractual commitments for the application of Quadrise's MSAR technology an

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5 Jul 2012 09:41

Quadrise rises after announcing Nexidea tie-up

Quadrise Fuels International, a manufacturer and supplier of MSAR emulsion fuels, a low cost alternative to heavy fuel oil, has announced a tie up with consulting firm Nexidea. Nexidea specialises in the technical, commercial, and economic aspects of the downstream oil and power generation industri

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8 Jun 2012 11:36

Small caps round-up: Quadrise, Software Radio, Motive Television ...

Quadrise Fuels International, an emulsion fuels supplier, has admitted that during its first sea-borne assessment on a Mærsk container ship it was not possible to fully optimise engine performance, as the test configuration afforded limited scope for relevant 'in service' adjustments, but that the r

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15 Sep 2011 06:31

Thursday tips round-up: Millennium & Copthorne, Hargreaves Services, Quadrise

Millennium & Copthorne hasn't had the easiest of rides in recent weeks. A glance at the company's interim management statement in early August doesn't go very far in explaining the slump. The update showed that pre-tax profits in the second quarter were up more than 90%. The company's strengths - an

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4 Apr 2011 15:52

Brainspark chief executive takes shares

The chief executive of investment company Brainspark, Alfredo Villa, has spent £112,500 on shares in the company. He took 31,000 shares, paying 34.5p a share. Following the acquisition and the conversion of some other shares awarded to Villa into ordinary shares, he now has about 5.3m ordinary shar

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14 Jul 2010 11:51

Quadrise Fuels Appoints Ian Williams As Executive Chairman

LONDON (Dow Jones)--Quadrise Fuels International Plc (QFI.LN), a company engaged in the manufacture and marketing of emulsified fuel, announced Wednesday the appointment of Ian R J Williams as Executive Chairman and Hemant Thanawala as Finance Director with immediate effect. MAIN FACTS: -Wil

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7 Dec 2009 09:49

Quadrise Fuels defers Lithuanian project

Shares in Quadrise Fuels International dropped sharply after the emulsion fuel producer said it has deferred its Lithuanian project due to high energy prices. 'As advised in previous announcements, relative energy prices are at unusual levels compared to historical norms and this has impacted the p

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26 Oct 2009 11:42

Small Caps round-up - M J Gleeson, Off-Plan Fund, Red Leopard...

Urban regeneration and strategic land specialist M J Gleeson has named Jolyon Harrison as the managing director of its Gleeson Regeneration & Homes division. Harrison, 61, who's spent 40 years in the house building business in the North of England, will replace Colin Rossiter on 2 November. He bou

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20 Jul 2009 08:35

Small caps round-up: Abbeycrest, Synchronica, Futura...

Jewellery maker Abbeycrest said it is performing in line with expectations as it undergoes a turnaround plan. The unbranded jewellery business is delivering much improved results on a significantly reduced turnover, the firm said. The brands division is making good progress with its higher margin b

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