Quadrise Fuels International PLC Utah Project Update (4740H)
August 04 2021 - 2:00AM
UK Regulatory
TIDMQFI
RNS Number : 4740H
Quadrise Fuels International PLC
04 August 2021
4 August 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Utah Project Update
Quadrise , the supplier of MSAR(R) and bioMSAR (TM) emulsion
technology and fuels, which are low-cost, cleaner alternatives to
heavy fuel oil and biofuels, is pleased to provide an update on the
arrival of a produced oil sample from Greenfield Energy LLC's
("Greenfield") Utah operations.
Quadrise has now received, at the Quadrise Research Facility
("QRF") in Essex, three drums of oil sample from Greenfield. The
sample of produced oil was taken by Greenfield from the Petroteq
Oil Sands Plant ("POSP").
An extensive programme of testing on the sample received will
now commence at QRF, which we expect to complete by the end of
August 2021. The ability to produce commercial MSAR(R) and/or
bioMSAR(TM) fuels from the produced oil will be informed by the
outcome of this testing programme, together with the confirmation
of the suitability of the produced oil (via external laboratory
assay) for the potential power and marine end-user markets.
Further updates will be made, as appropriate, in due course.
Mike Kirk, Chairman of Quadrise, said:
"We are pleased that we have now received the sample from Utah
and we look forward to completing the testing and analysis work
during August and to reporting the results to Greenfield and to
updating Quadrise shareholders in due course."
For further information, please contact:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer ir@quadrisefuels.com
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
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END
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