QED Quadrise Plc

LONDON--Quadrise Fuels International PLC (QFI.LN) said Wednesday it has extended two contracts with AkzoNobel group companies for the exclusive purchase and supply of goods and services, and for the continued exclusive joint development of emulsion fuels.

These contracts, originally signed in November 2013, replaced the original Alliance Agreement between Quadrise and AkzoNobel that was entered into in 2004.

Quadrise Fuels is a supplier of emulsion technology and fuel, enabling a low cost alternative to heavy fuel oil for the global shipping, refining and power generation industries.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

September 14, 2016 02:42 ET (06:42 GMT)

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