Quadrise PLC Marine Project Update
April 29 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3129M
Quadrise PLC
29 April 2024
29 April 2024
Quadrise
Plc
("Quadrise" or the
"Company")
Marine Project
Update
Quadrise Plc (AIM: QED), the
supplier of innovative energy solutions for a cleaner
planet, provides an update on its project
with MSC Shipmanagement
Limited of Cyprus ("MSC").
The Company previously announced on
18 March 2024 that entry of a binding agreement
between Quadrise, MSC
and Cargill in
respect of the production of MSAR® and bioMSAR™ fuels for the
Company's forthcoming vessel trials on board the MSC Leandra (the
"Project Agreement") was expected by the end of Q1 2024.
Quadrise continues to work with its project partners to seek
to finalise the Project Agreement and will provide a further update
upon the project and entry of the Project Agreement in due
course.
Commenting on the update,
Jason Miles, Chief Executive Officer of Quadrise,
said:
"Continued efforts in respect of our project mean that
we
do not expect any material delay to the overall MSC vessel trial
programme at this time. We remain in regular contact with our project
stakeholders and Quadrise is focused on the delivery of the Project
Agreement as soon as possible."
For additional information, please
contact:
|
Quadrise Plc
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+44 (0)20
7031 7321
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|
Andy Morrison, Chairman
Jason Miles, Chief Executive
Officer
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Nominated
Adviser
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Cavendish Capital Markets Limited
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+44 (0)20
7220 0500
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Ben Jeynes
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Katy Birkin
George Lawson
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Joint
Brokers
Shore Capital Stockbrokers Limited
|
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+44 (0)20
7408 4090
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Toby Gibbs, Rachel Goldstein
(Corporate Advisory)
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Fiona Conroy (Corporate
Broking)
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VSA
Capital Limited
Andrew Raca (Corporate
Finance)
Andrew Monk (Corporate
Broking)
|
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+44 (0)20
3005 5000
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Public & Investor
Relations
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Vigo Consulting
Patrick D'Ancona
Finlay Thomson
Peter Jacob
|
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+44 (0)20
7390 0230
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About Quadrise
Quadrise is the supplier of MSAR®
and bioMSAR™ emulsion technology, fuels and biofuels, providing
innovative solutions to reduce energy costs and greenhouse gas
emissions today for clients in the global power generation,
shipping, industrial and refining industries.
Learn more at: www.quadrise.com
Follow us on social media:
LinkedIn: @Quadrise
Plc
X (formerly Twitter):
@QuadrisePlc
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