Quadrise Fuels International PLC - London-based residual oil technology licensor - Says it is executing a commercial development agreement with Utah-based Valkor Technologies LLC. Plans to commercialise its MSAR and bioMSAR emulsion technology and biofuel at Valkor's projects in Utah. Does not disclose the value of the agreement.
"The need for more economical and lower carbon industrial and marine fuels has never been more apparent. Quadrise is delighted to have executed this agreement and looks forward to working expeditiously with the Valkor team to conclude commercial agreements for supply of MSAR and bioMSAR for identified projects," Chief Executive Jason Miles comments.
Current stock price: 2.22 pence, up 13%
12-month change: down 34%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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