Member Info for 46Gillingham

Wonga agree 100%
You can put me in the LTSH that have had enough .....No more money from me until I see some coming in

Haggis1 I agree wonderful news, however I'm really waiting for the update/investor presentation on the 4th October. We have lacked any real updates on commercialization on the 3 main projects and I hoping with all fingers crossed that something crosses the line before QFI run's out of our money. New venture/testing all takes up time and money and I really want to see something commercialized as promised.

https://vertoro.com/

Joint Development Agreement with Vertoro

Quadrise (AIM:QFI), the supplier of MSAR® and bioMSAR™ emulsion technology and fuels is pleased to announce the entry of a Joint Development Agreement ("JDA") with lignin biofuel specialists, Vertoro BV ("Vertoro").



Vertoro is the supplier of sustainable biomass-based biofuels extracted from abundant agricultural and forestry residues using their proprietary Goldilocks® technology. GEM® is a crude lignin oil that's a potential alternative to methanol and is being developed in conjunction with Maersk and CSO™ is an advanced crude sugar oil that's a water soluble by-product of the Goldilocks® process. The total market for these lignin residues today is estimated to be around 200 billion tonnes per annum.



Under the JDA, the Company and Vertoro will collaborate in seeking to progress the use of Vertoro's CSO™ as a potential cost-effective supplement or alternative to glycerine in Quadrise's bioMSAR™ fuel. The JDA may also present opportunities for the Company to supply MSAR® blending technology at Vertoro's CSO™ plants or biorefineries under future agreements with Vertoro or Vertoro's partners.



Quadrise has successfully produced stable blends of CSO™ based bioMSAR™ emulsions at laboratory scale at the Quadrise Research Facility, with diesel engine tests now being jointly planned during the next 12 months. These tests will scale up and accelerate the potential supply of low cost CSO™ bioMSAR™ for the marine sector. The parties have filed a joint patent for CSO™ based bioMSAR™.

Further announcements in relation to progress under the JDA will be made, as appropriate, in due course.

Commenting on this agreement Jason Miles, CEO of QFI, said:

"Quadrise is delighted to have signed this JDA with Vertoro, having worked with their team for over a year. Lignin-based fuels are potentially the most price competitive net-zero biofuel solutions and this joint collaboration fits well with our plans to commercialise bioMSAR™ with MSC Shipmanagement and others, as well as advancing our programme to supply net-zero bioMSAR™ by 2030. Vertoro's CSO™ combined with Quadrise's bioMSAR™ technology offers a compelling solution for the marine sector to accelerate decarbonisation and emissions reduction efforts economically and safely."

Commenting on this agreement Michael Boot, Co-founder and CEO of Vertoro, said:

"Sugar has been Mother Nature's fuel of choice for over 3 billion years. Today, we announce a unique pathway to use our crude sugar oil, produced from sustainable forestry and agricultural 2G biomass residues, as a drop-in for heavy fuel oil-based biofuels through this new partnership with Quadrise."

Quadrise (AIM:QFI), the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives to fuel oil and biofuels, announces that it will be releasing its Final Results for the year ended 30 June 2022 on Monday, 3 October 2022.



The Company will be hosting a presentation for existing and potential shareholders via the Investor Meet Company platform on Tuesday, 4 October 2022 at 10:00am BST. The presentation will include an opportunity for Q&A at the end of the meeting, and questions can be submitted via the Investor Meet Company dashboard until 09:00am the day before the meeting or at any time during the presentation.



To sign up to the presentation please click the link below, investors who already follow the Company on Investor Meet Company will automatically be invited.



Presentation link: www.investormeetcompany.com/quadrise-fuels-international-plc/register-investor

https://www.linkedin.com/company/quadrise-international-ltd/posts/?feedView=all

Im keeping everything crossed still that their will be an avalanche of positive RNS's in September.
Should their not be I will be getting worried that additional funding will have to be considered. I can remember a few years back Mike telling us he pays little notice to the share price, I thought that was wrong and the board should have in mind the candle in burning both ends, they need to get projects to commercialization and get the SP moving north. otherwise its all just a waste of time. Their must be so many updated just around the corner??

Very funny Fitzy66

Completion of Quadrise Testing Program

Quadrise Fuels International plc ("Quadrise") completed testing of an oil sample supplied by TomCo's 100% owned subsidiary Greenfield Energy LLC ("Greenfield") taken from the Petroteq Oil Sands Plant ("POSP") and produced from oil sands ore using Petroteq's Clean Oil Recovery Technology ("CORT").

Quadrise reported that an extensive program of testing on the Greenfield oil sample was completed at the Quadrise Research Facility ("QRF") in Essex, UK.

The testing program at the QRF confirmed the ability to produce commercial MSAR® and bioMSAR™ fuels from the sample of heavy sweet oil provided by Greenfield and a report of the testing results has been issued to Tomco. Simulations of storage and handling of both MSAR® and bioMSAR™ produced were also completed during the program which indicated that commercial production of MSAR® and bioMSAR™ fuels would be possible in Utah for potential power and marine end-user applications domestically and internationally.

https://finance.yahoo.com/news/petroteq-announces-completion-milestones-prior-135000908.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAADtEtPWi6hadrHDRsXj8qpRFroiPtzhjFd1Fch4bksARw_LVrSq8rt-DLov5fmwe2bMuirlgxfnwrRUapZQGMnABZEGy-zTsUHmMtX-aNhfo1KmAE1HQXFmVIQVzz1GH3anZ4Wxh4DweFpDiBEa4WKGiRKsNF2duQpB9o6tMeh3g

This link is also interesting

Shell and MSC have worked together over the last 10 years on projects, including bunkering biofuels and trialling very and ultra-low sulphur fuels.

Vince72 interesting read

“One is avoid, which is just focus on the development and implementation of energy efficiency technologies. On existing vessels, how can we optimize to reduce the fuel that the vessel needs? We have software, such as the Just Add Water System and Air Lubrication. All these could reduce the fuel that the shipowner has to use up to 25%. We also can (use) lubricants that can reduce the fuel that we consume.”

Its states MSC's Global fleet?

https://www.kongsberg.com/maritime/the-full-picture-magazine/2022/7/energy-efficiency/?utm_source=linkedin&utm_medium=organic&utm_campaign=TFP&utm_content=eexi

WongaFC
Dont really disagree with you but I think people usually spend whatever they earn, as they earn more their lifesytle expenditure increases. Usually the only way to accumulate very large sums ( life changing) is to own a company, have many shares in a company or options and inheritance plus of course lottery/gambling - Stock market.
So if Jason leads QFI to better times he will have lifechanging sums through his quantity of option.....

Well spotted yes 2022

This is the last time the senior management have to make very serious money by issuing large share option grants at a very low price (if all goes to plan the SP should be higher next year). They know what's happening with all the projects and should they come in on time hopefully the share price will be significantly higher Q4 2002 and rising through 2023. Why bother granting these options if its not going anywhere.
I see this as very positive news although its sounds like a large amount its not really going to be diluted

Agree
So today they are worth nothing. They are a fantastic incentive for the management to get ALL project over the line plus bring new opportunities onboard. If these options eventually are significantly in the money so will be our shares. Everyone will be happy

I would not put to much thought into the issued SP of these options. The board want as many options as possible at the lowest price they can get away with...Human nature. I'm encouraged they think their is real worth in issuing these options its good for all hopefully

In Summary
New issue of options
Performance options 9,750,000 at 3p
Options 14,000,000 at 3p
NVO 2,127,660 at 1p

The above is very generous as to date investors in recent years have just seen a reducing value in the SP. However if QFI has reached a turning point and for the balance of 2022 we get all that has been promised im happy. I would not be happy with a round of pay increases over this period following this generous issue of options

Issue of Share Options and Director/PDMR Dealing



Quadrise, the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives to fuel oil and biofuels, announces the grant of an aggregate of 32,882,979 options to subscribe for new ordinary shares of 1p each in the Company ("Ordinary Shares") to directors and employees of the Company in accordance with the provisions of the Company's Unapproved Share Option Plan 2016 ("2016 Plan") and the Company's Enterprise Management Incentive Share Option Plan ("EMI Plan"), as appropriate (the "Options").



Of the Options, a total of 12,500,000 performance share options (the "Performance Options") have been awarded to executives of the Company, including awards to certain of the Company's directors and PDMRs in the amounts set out below.



The award of Performance Options to Jason Miles, Quadrise's Chief Executive Officer, follows a prior share options award to Mr. Miles on 3 September 2021 which will lapse unvested on the first anniversary of their grant date due to their specific performance conditions not having been met.



Director/PDMR

Number of Options

Plan

Exercise price

Jason Miles

7,500,000

2016 Plan

3.0p

David Scott

1,250,000

EMI Plan

3.0p

Philip Hill

1,000,000

EMI Plan

3.0p

Total

9,750,000

-

-



The Performance Options will vest as to 50% on the first anniversary of grant and the remaining 50% shall vest on the second anniversary of the date of grant. All vestings are subject to the satisfaction of specific performance conditions prior to the vesting dates.



The Performance Options awarded under the 2016 Plan will be exercisable from vesting until the eighth anniversary of the date of grant and the Performance Options awarded under the EMI Plan will be exercisable from vesting until the tenth anniversary of the date of grant.



In addition to the Performance Options, the Company has also granted a total of 14,000,000 additional Options to Non-Executive Directors of the Company in accordance with the provisions of the 2016 Plan, in the amounts set out below (the "Additional Options").



Director

Number of Options

Plan

Exercise price

Andrew Morrison

4,000,000

2016 Plan

3.0p

Laurie Mutch

4,000,000

2016 Plan

3.0p

Philip Snaith

4,000,000

2016 Plan

3.0p

Dilip Shah

2,000,000

2016 Plan

3.0p

Total

14,000,000

-

-



The Additional Options will vest as to 50% on the first anniversary of grant and the remaining 50% shall vest on the second anniversary of the date of grant and have no performance conditions to vesting attached. The Additional Options will be exercisable from vesting until the eighth anniversary of the date of grant. The vestings are not subject to the satisfaction of specific performance conditions.



The Company also announces the issue a total of 6,