Morocco timings1 Nov 2021 17:21
This seems incorrect too on page 9:
Morocco – Our industrial client in Morocco is a major
consumer of HFO. Since the successful pilot plant trial in
October 2020, our plans have been impacted by COVID
related travel restrictions causing delays to the trial
programme. Following the easing of these restrictions,
our Head of Operations, Bernard Johnston, was able to
visit the site (“Site B”) in August 2021 in order to prepare
for the next stage of the programme; the combustion
of 60mt of MSAR®. The site consumes around one
third of the client’s annual HFO consumption. The
Site B trial is now expected to take place in early Q4
2021. Testing of bitumen samples for the MSAR® fuel
production has now been completed, with production
scheduled to commence in Q4, and shipment of the
trial equipment to the client site organised for October
2021. The Site B trial results and a feasibility study for
MSAR® use at a second client site (‘Site A’) are expected
to be delivered to the client in Q4 2021, with Quadrise
receiving £0.1 million. A subsequent commercial trial
will then take place at “Site A” later in Q4 2021 or early
Q2 2022 with shared trial costs reimbursed to Quadrise
under a separate agreement. Assuming the successful
conclusion of these trials, the intention would then be
to conclude a commercial supply agreement covering
one or more of the client’s sites in Morocco during
Q1 2022.
“Site A” trial later in Q4 2021 or early Q2 2022? Assuming the successful conclusion of these trials, the intention would then be to conclude a commercial supply agreement covering one or more of the client’s sites in Morocco during Q1 2022?
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