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Quadrise Fuels International PLC

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Market:
LSE
Market Cap:
£36.5 m
Price
3.67 GBX
Change
-2.89%
52 weeks high
7.94
52 weeks low
1.98

In brief

Proprietary technology that enables a low cost, modular and rapidly implemented solution to upgrading the bottom of the crude oil barrel which has typically been achieved through large, complex, capital intensive solutions.

Quadrise has developed an innovative and disruptive technology solution, Multiphase Superfine Atomised Residue (“MSAR”), which through the application of existing technology, novel chemistry and unparalleled application experience, has created an enhanced emulsified synthetic heavy fuel oil (“HFO”) for marine bunker, power and industrial applications.  Novel chemistry and IP is supplied by our technology partner Nouryon.

Key members of the experienced Quadrise team were instrumental in the commercialisation of Orimulsion, an oil-in-water emulsion fuel manufactured in Venezuela using indigenous bitumen.  This established a proven market for emulsion fuels for power generation applications, with over 60 million tons consumed worldwide.

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Snapshot

MSAR is a cleaner substitute for heavy fuel oil that is burned to power large cargo ships