viewQuadrise Fuels International PLC

Quadrise Fuels looks to top up coffers to continue new business progress

Quadrise has enough in the bank to continue to operate and advance its business development opportunities until early October and wants to extend its cash runway

Quadrise's MSAR is an emulsion technology which provides an alternative to heavy fuel oil

Quadrise Fuels International PLC (LON:QFI) said it is seeking to raise new funds as it looks to capitalise on recent business development progress in Kuwait, Saudi Arabia and China.

The company, which is looking to commercialise its MSAR heavy fuel oil as a greener alternative to shipping fuel, confirmed on Tuesday that it was seeking equity or equity-linked funding.

WATCH: Quadrise Fuels' Mike Kirk details agreement to fast-track MSAR projects in Mexico

Quadrise has sufficient cash resources to continue to operate and advance its business development opportunities until early October this year.

By topping up the cash coffers now, it said, will enable the continuation of these business development initiatives “with a view to capitalising on recent business development progress and, ultimately, to delivering commercial projects”.

Recent agreements and MoUs entered into by Quadrise in 2019, which also include Russia, Mexico, Morocco and Vietnam, follow the signing of a co-marketing and project development agreement with Freepoint Commodities last November. 

In the past couple of months, Quadrise has also inked agreements to combine efforts to fast-track MSAR projects to long-term commercial agreements and for a third party to provide services to the company in the use of the MSAR technology in Saudi Arabia.


Quick facts: Quadrise Fuels International PLC

Price: 1.4 GBX

Market: LSE
Market Cap: £14.17 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Quadrise Fuels International PLC named herein, including the promotion by the Company of Quadrise Fuels International PLC in any Content on the...



Capital Network's Lionel Therond on Quadrise Fuels International

Capital Network's Oil and Gas analyst Lionel Therond talks Quadrise Fuels International (LON:QFI) and the company's valuation and outlook.

on 04/10/2017

2 min read