Quadrise Plc (LON QED), the supplier of innovative cleaner energy solutions, has announced the signature of a Collaboration Agreement with Auramarine Oy, the leading fuel supply systems pioneer for the marine and other industries.
The purpose of this Agreement is to leverage the respective resources of Quadrise and Auramarine in emulsion fuels, biofuels and fuel systems to seek to offer innovative solutions that help to improve operational efficiencies and decarbonise energy-intensive applications, with a focus on the marine sector.
Under the Agreement, Quadrise and Auramarine will work together, combining their expertise and networks, to jointly develop and promote new sales opportunities that offer a comprehensive value proposition to the shipping industry to comply with new environmental regulations.
Quadrise will provide their expertise in MSAR® and bioMSAR™ fuels, and Auramarine will provide their expertise in designing and installing fuel supply systems (including Quadrise blend-on-board technology) for the conversion of marine vessels to Quadrise fuels. In consideration for the gross sales generated or finance raised under this Agreement, each party shall pay to the other a commission.
