18 Dec 2020 11:46
18 December 2020
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its subsidiaries the "Group")
Update re Greenfield MSAR® Commercial Trial Agreement
Quadrise Fuels International, the supplier of MSAR® emulsion technology and fuels, a low-cost, cleaner alternative to heavy fuel oil, notes the announcement by TomCo Energy plc today in relation to Greenfield Energy LLC and a delay in the start-up of Petroteq Energy Inc's existing oil sands plant in Utah ("POSP") such that the POSP restart is now expected to occur in January 2021. Quadrise looks forward to receiving samples from POSP following its restart. Once received, the POSP samples will enable the Company to complete the necessary lab and pilot testing at the Quadrise Research Facility.
Enquiries:
Quadrise Fuels International plc +44 (0)20 7031 7321
Mike Kirk, Chairman
Jason Miles, Chief Executive Officer
Cenkos Securities plc +44 (0)20 7397 8900
Nominated Adviser
Ben Jeynes
Katy Birkin
Peel Hunt LLP +44 (0)20 7418 8900
Joint Broker
Richard Crichton
David McKeown
Shore Capital Stockbrokers Limited +44 (0)20 7408 4090
Joint Broker
Toby Gibbs
Fiona Conroy
FTI Consulting +44 (0)20 3727 1000
Public and Investor Relations
Ben Brewerton
Notes to Editors
QFI is the supplier of MSAR® and bioMSAR® emulsion technology and fuels, a low-cost environmentally beneficial alternative to heavy fuel oil for the global power generation, shipping, industrial and refining industries.