Latest Update3 Oct 2024 14:38
Latest Update key points to watchout for.
We just need one or two of these to start to completely change the outlook for QED and the shareholders
MSC
Upon signature, installation and commissioning of the Company's trial equipment at the MAC² terminal is planned in Q4 2024,
fuel production and the Proof-of-Concept tests commencing in early Q1 2025.
2025 Q2-Q4 bioMSAR™ LONO trial is planned to complete 6-8 months
Morocco
Our team is also preparing to complete the OCP commercial trial in Morocco in early Q4 and has commenced discussions with candidate suppliers for long-term commercial MSAR
Utah
September 2024 Representative production barrels of heavy sweet oil were prepared by Valkor in September, samples of which are being shipped to Quadrise for analysis and formulation optimisation testing at QRF
Commercial marketing of MSAR® to commence once the samples have been tested Q4 2024?
bioMSAR
Testing is now underway on higher concentrations of waste-based bio-oils with the intention to produce our first prototypes of 'B100' bioMSAR™ Zero, a 100% sustainable biofuel.
South East Asia
Quadrise commenced discussions with an oil refinery in Southeast Asia that is interested in conducting a trial using MSAR® technology for internal thermal applications. No timeline
Panama Canal
Environmental conditions have now improved, and discussions with Sparkle have resumed.