Quadrise PLC (AIM:QED) announcement that it is continuing to work with MSC and project counterparties to conclude the binding agreement between MSC and Cargill for trials on board the MSC Leandra, has been noted by house broker Shore Capital.
A previous announcement, on 6 February 2024, indicated that trials were set to start in the second quarter of 2024, subject to the conclusion of agreements.
Quadrise confirmed this morning that it continues to have regular contact with MSC and other project counterparties and would start to install equipment as soon as the agreement is signed.
Permits have been received to install Quadrise equipment at MAC²'s facility in Antwerp, where its alternative shipping diesel fuels will be produced for the trials.
MAC² has already prepared the site ahead of the finalisation of the binding agreement.
Shares in Quadrise were unchanged at 2p.