Extension with Nouryon15 Nov 2022 07:04
Quadrise (AIM:QFI), the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, is pleased to announce the extension of the Exclusive Global Collaboration and Emulsifiers Sales Agreement ("Agreement") with Nouryon, a global specialty chemicals leader, for the exclusive supply of goods, services and IP for future MSAR® and bioMSAR™ projects. The Agreement, the terms of which were announced on 8 October 2019, will now run for a further three years to October 2025.
Commenting on the Agreement, Jason Miles, CEO of Quadrise, said:
"We are delighted to have extended our long-standing and successful collaboration with Nouryon for a further three years. This extension reinforces the commitment of both parties to commercialising Quadrise's proprietary fuels and biofuels, providing more sustainable and economical solutions for the energy and marine sectors."
Commenting on the Agreement Joppe Smit, Vice President of Natural Resources and Intermediates for Nouryon, said:
"Working closely with our customers to support the decarbonisation journey of key industries like marine and power generation is a key part of our strategy. The extension of our long-standing partnership with Quadrise is an example of the collaboration and innovation required to tackle world's energy transition challenges. It also reiterates Nouryon's commitment to consistently provide sustainable solutions to our customers globally."