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Quadrise International expects to conclude funding by end of August

This will include an open offer said Quadrise, with the funding of a size to finance the company through to the middle of next year.

ship
Cruise ships are heavy polluters

Alternative fuels group Quadrise International PLC (LON:QUAD) expects to confirm funding plans by the end of the month.

Several proposals have been received with discussions said to be at an advanced stage with a funding provider.   

This will include an open offer said Quadrise, with the funding of a size to finance the company through to the middle of next year.

At the end of July, the company had £808,000 in cash, which will last until October.

Quadrise has developed an alternative to shipping fuel, which is among the most polluting and dirtiest types available.

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