Quadrise has announced a phased commercial development agreement with energy services company Valkor Technologies to commercialise Quadrise’s MSAR and bioMSAR technology at Valkor’s projects in Utah. The agreement provides a framework for the potential delivery of the first commercial revenues from bioMSAR/MSAR in calendar (CY) Q322 and for multiple deployments of the technology within Utah longer term.
Valkor is involved in multiple tar sands projects in Utah. It has a stake in TomCo Energy, the parent company of Greenfield Energy, which is drilling three exploratory wells at its Tar Sands II site in the Uinta Basin in Utah.
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.