Quadrise PLC - London-based energy technology company and supplier of MSAR emulsion technology fuel - Signs shipping sector-focused trial agreement with MSC Shipmanagement Ltd and Cargill NV. The trials will be carried out on the MSC Leandra container ship. Under the terms of the agreement, Quadrise’s bioMSAR and MSAR fuel will be produced at the MAC2 facility in Antwerp, Belgium. Production will use feedstocks supplied by Cargill, and then the fuel will be sold by Cargill to MSC for the trials.

Equipment is now due to be delivered to the MAC2 site, following which the trials are expected to finish before the end of the first quarter of 2025. When the trials finish, MSC, Cargill and Quadrise intend to negotiate a long-term commercial agreement.

Current stock price: 3.45 pence, closed 50% higher in London on Tuesday

12-month change: up from 1.27p

Copyright 2024 Alliance News Ltd. All Rights Reserved.