Quadrise (QED)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

1.64p
   
  • Change Today:
    -0.065p
  • 52 Week High: 3.07
  • 52 Week Low: 0.66
  • Currency: UK Pounds
  • Shares Issued: 1,764.71m
  • Volume: 1,741,686
  • Market Cap: £28.90m
  • RiskGrade: 144

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Quadrise fuel clears latest round of testing with MSC

By Josh White

Date: Friday 03 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Quadrise Fuels International announced on Friday that its 'bioMSAR' fuel successfully went through testing with Wärtsilä Services Switzerland in December.
The AIM-traded firm said the testing was part of the ongoing framework agreement with MSC Shipmanagement, aimed at developing innovative energy solutions.

It said the optical combustion and engine wear tests were carried out to assess the bioMSAR fuel's suitability for commercial-scale vessel trials.

The optical combustion test, conducted against 'MSAR' and diesel fuels, confirmed that bioMSAR has similar injection and combustion properties as MSAR.

That, Quadrise explained, meant that the bioMSAR fuel was expected to behave similarly to MSAR when used in medium- and slow-speed diesel engines.

Extended wear tests over a 250-hour period were also completed successfully.

As a result of the positive test results, bioMSAR was now cleared to move on to the next phase of assessment, which would involve hazard identification and operability studies.

The bioMSAR fuel would then be tested on the MSC Leandra during commercial vessel trials.

"The extensive tests undertaken by Wärtsilä clearly demonstrate the suitability of bioMSAR for use in both marine and power plant applications," said chief executive officer Jason Miles.

"This is an important step in clearing the fuel for commercial supply and we look forward to progressing our final round of tests ahead of planned vessel trials with MSC for both MSAR and bioMSAR later this year."

At 1245 GMT, shares in Quadrise Fuels International were down 4% at 1.44p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Quadrise Market Data

Currency UK Pounds
Share Price 1.64p
Change Today -0.065p
% Change -3.82 %
52 Week High 3.07
52 Week Low 0.66
Volume 1,741,686
Shares Issued 1,764.71m
Market Cap £28.90m
RiskGrade 144

Quadrise Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
54.76% above the market average54.76% above the market average54.76% above the market average54.76% above the market average54.76% above the market average
75.61% above the sector average75.61% above the sector average75.61% above the sector average75.61% above the sector average75.61% above the sector average
Income Not Available
Growth Not Available

Quadrise Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:29 38,947 @ 1.68p
16:25 56 @ 1.65p
14:48 28,917 @ 1.73p
13:39 78,948 @ 1.67p
13:02 13,800 @ 1.73p

Quadrise Key Personnel

CEO Jason Miles

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