Quadrise Fuels International PLC - London-based fuel conversion technology pioneer - Says pilot plant trial has now been completed in conjunction with an unnamed chemicals and mining group headquartered in Morocco. Now has got plans for a larger, industrial-scale MSAR trial at another site of the same client, which is planned for early 2021.
Chair Mike Kirk says: "We are therefore confident that during 2021 we will successfully validate the economic and environmental benefits of MSAR at an industrial scale, complete the commercial scale trials on the client's units and initiate commercial supply of MSAR after concluding commercial supply agreements"
MSAR technology enables production of a proprietary oil-in-water emulsified heavy fuel oil that reduces energy costs for consumers. MSAR stands for multiphase superfine atomised residue.
Current stock price: 2.34 pence
Year-to-date change: down 26%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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