Quadrise Fuels International PLC Update on Interim Inspection Report (6647M)
August 01 2017 - 2:01AM
UK Regulatory
TIDMQFI
RNS Number : 6647M
Quadrise Fuels International PLC
01 August 2017
1 August 2017
Quadrise Fuels International plc
("Quadrise", "QFI" or the "Company")
Update on Interim Inspection Report
Quadrise Fuels International plc (AIM: QFI) announces that it
has now received the Interim Inspection Report provided by Wärtsilä
from Maersk.
This detailed engineering report underpins the Interim LONO that
was provided by Wärtsilä for the use of MSAR(R) fuel in its RT Flex
2-stroke diesel engines, details of which were provided in QFI's
announcement dated 21 June 2017. This concludes the process of
obtaining the supporting information related to the marine
operational and LONO trial with Maersk.
QFI will continue to use the knowledge gained from the Maersk
trial in conjunction with its in-house and third party research to
further enhance the Company's offering to the marine and power
markets.
Mike Kirk, Executive Chairman, said:
"I am pleased that we have been able to obtain the Interim
Inspection Report relating to the Marine Operational and LONO trial
and we will be using this to further enhance our existing business
development activities - which are not reliant on any continuing
collaboration with Maersk. We will not be publishing the Inspection
Report, but a précis will be produced and uploaded to the website
in due course.
QFI continues to believe that the marine industry will
ultimately acknowledge and adopt the use of exhaust gas scrubbers
and high sulphur heavy fuel as the most economic compliance option
for the International Maritime Organisation's 2020 sulphur limit
environmental legislation and that Marine MSAR(R) will enable
operators to obtain additional economic and environmental
advantages over the use of heavy fuel oil."
This announcement is inside information for the purposes of
Article 7 of EU Regulation 596/2014.
Notes to Editors
QFI is 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 fuels markets, comprising over 450 million tonnes
per annum) in the global shipping, refining and power generation
markets.
For further information, please refer to the Company's website
at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc
+44 (0)20 7031
Mike Kirk, Executive Chairman 7321
Hemant Thanawala, Finance Director
Nominated Adviser
Smith & Williamson Corporate Finance
Limited
+44 (0)20 7131
Dr Azhic Basirov 4000
Ben Jeynes
Katy Birkin
Broker
Peel Hunt LLP
+44 (0)20 7418
Richard Crichton 8900
Ross Allister
Chris Burrows
Public & Investor Relations
FTI Consulting
+44 (0)20 3727
Ben Brewerton 1000
Sara Powell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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