Quadrise Fuels International PLC Marine Operational Trial (3847Y)
March 02 2017 - 9:31AM
UK Regulatory
TIDMQFI
RNS Number : 3847Y
Quadrise Fuels International PLC
02 March 2017
2 March 2017
Quadrise Fuels International plc
("Quadrise", "QFI" or the "Company")
Marine Operational Trial
Quadrise Fuels International plc (AIM: QFI), the emerging
supplier of MSAR(R) emulsion technology and fuel, enabling a
low-cost alternative to heavy fuel oil (one of the world's largest
fuel markets, comprising over 450 million tonnes per annum) in the
global shipping, refining and power generation markets, announces
that the Company has been informed by Maersk Line that the vessel
on which the MSAR(R) letter of no objection ("LONO") and
operational trial is being conducted will be making an unscheduled
dry dock visit. The vessel's visit to the dry dock is unrelated to
the MSAR(R) LONO and operational trial, though it may impact the
overall trial schedule. At this stage, details of the timetable for
the dry dock stay and for the vessel returning to service are not
definitive and a further update will be provided, as appropriate,
in due course.
For additional information, please contact:
Quadrise Fuels International plc +44 (0)20 7031 7321
Mike Kirk
Hemant Thanawala
Jason Miles
Smith & Williamson Corporate Finance Limited +44 (0)20 7131
4000
Dr Azhic Basirov
Ben Jeynes
Katy Birkin
Peel Hunt LLP +44 (0)20 7418 8900
Richard Crichton
Ross Allister
Chris Burrows
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton
Sara Powell
Notes to Editors
QFI has developed MSAR(R) as a less expensive, cleaner synthetic
HFO. Produced using QFI's proprietary technologies and services,
MSAR(R) offers both producers and consumers of the fuel significant
economic and environmental advantages. MSAR(R), an oil in water
emulsion, is made by mixing the residue stream from an oil refinery
with water and specialised chemicals in a proprietary production
process, instead of diluting the residuals with high value
distillate products as in the production of HFO.
QFI acts as the technology and service partner to both the
producer and the consumer and aims to create value both through
licence revenues from the production of fuel and the sale of the
chemicals and MSAR(R) manufacturing systems. The core technology
has been developed jointly with AkzoNobel - one of the world's
leading surface chemistry companies.
The two largest markets for the use of MSAR(R) as a low cost,
efficient and environmentally friendly synthetic HFO are marine
bunkering and power generation. Significant work has been carried
out to demonstrate the proof of concept in both end-user markets
and current work is focused on commercial scale trials the
successful conclusion of which will be a significant milestone
towards QFI developing sustainable commercial revenues.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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