Quadrise Fuels International – London-based residual oil technology licensor – says its on track to achieve commercialisation targets following ‘positive engagement with counterparties during the past month’.
‘During the past month, the board and management have conducted an extensive review of the company’s projects, operations and business development activities with key clients,’ Chief Executive Officer Jason Miles says.
‘This exercise was undertaken to ensure that our manpower and cash resources continue to be optimally deployed to achieve the company’s revenue and shareholder value creation targets.’
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.