Quadrise has signed a new material transfer and cooperation agreement with its client in Morocco. The signature clears the way for an industrial demonstration test at one of the client’s sites, potentially leading to commercial sales of MSAR and/or bioMSAR in calendar Q123.
Signing this agreement is a significant step in Quadrise’s continued engagement with its client in Morocco, which is considering using Quadrise’s MSAR and bioMSAR fuel as a substitute for heavy fuel oil in some of its operations. Under the terms of the recently signed agreement, Quadrise will manufacture trial quantities of MSAR and bioMSAR for an industrial-scale demonstration test at one of the client’s sites. Quadrise will then provide the client with a written report on the efficacy of using MSAR and bioMSAR. Provided that the client’s stated parameters regarding performance and product quality are met, the parties will then enter into discussions regarding potential commercial supply of MSAR and/or bioMSAR.
Quadrise Fuels International plc (LON:QFI) is the global innovator and licensor of disruptive heavy oil technology that produces MSAR® fuel. The Quadrise team is a unique combination of energy sector experts and fuel specialists that were instrumental in the prior commercialisation of 60 million tons of Orimulsion® fuel worldwide.