Quadrise PLC (AIM:QED) stock got a boost today after it unveiled positive final results from the sustainable biofuel testing programme that it finished last month.
The results of the tests are expected to help Quadrise reach its objective of developing a commercially competitive net-zero fuel, ‘bioMSAR Zero’, to launch by 2030.
Its sustainable fuels testing initiative is designed to prove it can supply the marine and industrial fuel sectors with low-cost, efficient, and low emissions biofuel.
Quadrise shares rose by nearly 20% to a price of 2.89 pence per share on Wednesday morning.