Quadrise Fuels International PLC Update re Greenfield Commercial Trial Agreement (3468U)
April 01 2021 - 7:50AM
UK Regulatory
TIDMQFI
RNS Number : 3468U
Quadrise Fuels International PLC
01 April 2021
1 April 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Update re Greenfield MSAR(R) Commercial Trial Agreement
Quadrise Fuels International, the supplier of MSAR(R) and
bioMSAR(TM) emulsion technology and fuels, low-cost, cleaner
alternatives to heavy fuel oil and biofuels, notes the announcement
by TomCo Energy plc ("TomCo") today in relation to Greenfield
Energy LLC ("Greenfield") and the Front End Engineering and Design
("FEED") study being carried out on the Petroteq Oils Sands Plant
at Asphalt Ridge, Utah ("POSP"). The TomCo announcement explains in
detail why commissioning and start-up of the POSP has been delayed
during Q1'21, to enable the processing of ore from a potential site
(the "Potential Site") which is being assessed and on which
Greenfield's first 10,000 bopd plant may be built.
It is expected that the enhanced POSP will restart after Easter,
and that oil samples extracted from ore of the Potential Site will
then be taken, assayed, and then shipped in April to the UK, to
enable the Company to complete the necessary lab and pilot testing
at the Quadrise Research Facility ("QRF") as planned. As previously
noted, we anticipate being able to complete the MSAR(R) tests at
QRF within three weeks of samples being received.
For further information, please refer to the Company's website
at www.quadrisefuels.com , or contact ir@quadrisefuels.com or
phone:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer
Nominated Adviser
Cenkos Securities plc
Ben Jeynes
Katy Birkin +44 (0)20 7397 8900
Joint Brokers
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs
Fiona Conroy +44 (0)20 7408 4090
Public & Investor Relations
FTI Consulting
Ben Brewerton +44 (0)20 3727 1000
Ntobeko Chidavaenzi Quadrise@fticonsulting.com
Notes to Editors
QFI is the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology and fuels, low-cost, cleaner alternatives to heavy fuel
oil and biofuels, (one of the world's largest fuel markets) in the
global power generation, shipping, industrial and refining
industries.
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