Quadrise Plc (LON:QED), the supplier of innovative energy solutions for a cleaner planet, has announced the signature of a Commercial Framework Agreement with its client in Morocco, OCP S.A., an international manufacturing and mining group.
Under the Agreement, Quadrise and OCP will commence commercial discussions with third parties for MSAR® supply to OCP. Simultaneously, the parties have agreed to work together on a paid-for commercial trial at OCP’s Jorf Lasfar site.
The three components of the Agreement are as follows:
1) Commencing from the date of the Agreement, Quadrise will approach suppliers (refineries, terminal operators and/or traders) who have the capacity to produce MSAR® to meet OCP’s demand. To facilitate discussions, OCP have signed a Letter of Intent stating their intention to enter into a Commercial Supply Agreement with a supplier, who would supply MSAR® to OCP under licence from Quadrise.
