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

IN BRIEF: Quadrise Fuels reports next steps for bioMSAR testing

Fri, 03rd Mar 2023 13:31

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.

Chief Executive Jason Miles says: "The extensive tests undertaken by Wartsila clearly demonstrate the suitability of bioMSAR for use in both marine and power plant applications. This is an important step in clearing the fuel for commercial supply and we look forward to progressing our final round of tests ahead of planned vessel trials with MSC for both MSAR and bioMSAR later this year."

In January, Quadrise said bioMSAR fuel arrived at it client site in Morocco during December. It was being tested by Wartsila Services Switzerland. bioMSAR is a blend of heavy residual oils and glycerine with small amounts of specialist chemicals and water.

Current stock price: 1.44 pence each, down 4.0% on Friday afternoon in London

12-month change: down 13%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Related Shares

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 - ...

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...

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 Thur...

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 - ...

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.