Quadrise Fuels International PLC Wärtsilä Testing Update (7432R)
March 03 2023 - 2:00AM
UK Regulatory
TIDMQFI
RNS Number : 7432R
Quadrise Fuels International PLC
03 March 2023
3 March 2023
Quadrise Fuels International Plc
("Quadrise" or the "Company")
Wärtsilä Testing Update
Quadrise Fuels International Plc (AIM:QFI), the supplier of
innovative energy solutions for a cleaner planet, provides the
following update further to the Company's announcement of 16
January 2023, on the testing of its bioMSAR(TM) fuel carried out by
Wärtsilä Services Switzerland ("Wärtsilä") in December 2022.
As part of Quadrise's ongoing Framework Agreement with MSC
Shipmanagement, optical combustion and engine wear tests of
bioMSAR(TM) were carried out as a necessary precursor to
commercial-scale vessel trials.
The optical combustion test, against MSAR(R) and diesel fuels,
has confirmed bioMSAR(TM) to have similar injection and combustion
properties as MSAR(R) and that bioMSAR(TM) is therefore expected to
behave similarly to MSAR(R) when utilised in medium and slow-speed
diesel engines.
Extended wear tests over a 250 hour period were also completed
successfully.
The Company is pleased to confirm that, as a result of these
test results, bioMSAR(TM) can proceed to the next phase of
assessment, with hazard identification and operability studies now
scheduled ahead of commercial vessel testing on the MSC Leandra and
further announcements will be made, as appropriate, in due
course.
Jason Miles, Chief Executive of Quadrise, commented:
"The extensive tests undertaken by Wärtsilä clearly demonstrate
the suitability of bioMSAR(TM) for use in both marine and power
plant applications. 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(R) and bioMSAR(TM) later this year."
For additional information, please contact:
Quadrise Fuels International Plc +44 (0)20 7031 7321
Andy Morrison, Chairman
Jason Miles, Chief Executive Officer
Nominated Adviser
Cenkos Securities plc +44 (0)20 7397 8900
Ben Jeynes
Katy Birkin
Broker
Shore Capital Stockbrokers Limited +44 (0)20 7408 4090
Toby Gibbs, Rachel Goldstein (Corporate
Advisory)
Fiona Conroy (Corporate Broking)
Public & Investor Relations
Vigo Consulting
Patrick D'Ancona
Charlie Neish +44 (0)20 7390 0230
About Quadrise
Quadrise is the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology, fuels and biofuels, providing innovative solutions to
reduce energy costs and greenhouse gas emissions today for clients
in the global power generation, shipping, industrial and refining
industries.
Learn more: www.quadrisefuels.com
Certain of the information contained within this announcement is
deemed by the Company to constitute inside information as
stipulated under The Market Abuse Regulation (EU 596/2014) pursuant
to the Market Abuse (Amendment) (EU Exit) Regulations 2018. Upon
the publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
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