Quadrise PLC - London-based energy technology company and supplier of MSAR emulsion technology fuel - Says it has signed a horizon grant agreement with the European Climate, Infrastructure & Environment Executive Agency as one of the 17 consortium companies of Seastars, or Sustainable Emission Abatement Strategies & Technologies for Advanced Revolution Ships. Seastars is a group aiming to use marine emission and efficiency improvement technologies to reduce well-to-wake greenhouse gas emissions by at least 30% and improve energy efficiency by at least 20%.
As per the agreement, marine technology provided by Seastars members, including Quadrise’s Blend-On-Board technology, will be used in eight vessel designs to be market-ready by December 2027. After the vessel design stage, Seastars will generate tailored decarbonisation recommendations for vessel owners and operators. Quadrise’s share of the funding is up to €63,500.
Current stock price: 7.78 pence
12-month change: up from 2.63p
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