Zacks Research Note PetroTeq!30 Jun 2021 21:55
https://twitter.com/petroteqi/status/1410317618448408578?s=21
Here’s the Quadrise Section!
A demonstration trial utilizing MSAR® technology is expected to be conducted by Quadrise Fuels International plc (LSE: QFI) in the post-processing sequence of Petroteq’s produced bitumen oil. Management anticipates that a sample of produced oil will be shipped to Quadrise in the UK for assessment by the end of June 2021.
MSAR is a power grade, synthetic heavy fuel oil, manufactured through a proprietary technology that mixes heavy oils with small amounts of specialty chemicals and water to create a low viscosity, emulsified formulation, which is environmentally-friendly since it burns almost completely with a minute amount of carbon particulate in the exhaust). The sale of MSAR fuel, which qualifies as a bunker fuel, generally adds 20% more value to untreated heavy oil. The required capex to implement MSAR has an expected payback of 12 months.