Quadrise Fuels International PLC - London-based innovator and licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Confirms that the MSAR fuel for a forthcoming trial has been cleared by customs in Morocco and is now on site at its client's facility, alongside the bioMSAR fuel delivered back in December. As a result, the company is finalising its trial schedule with the client. The fuel trials are expected to start before the end of the first quarter of 2023.
"We are pleased that both fuels have now cleared customs, and we can move this project forward, as planned. I'd like to thank our shareholders for their patience and our team for their persistence in resolving the logistical challenges we have faced," comments Chief Executive Jason Miles.
Current stock price: 1.47 pence, up 19% in London on Thursday afternoon
12-month change: down 10%
By Heather Rydings, Alliance News senior economics reporter
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