Quadrise PLC (AIM:QED) has named its new chief executive, with Peter Borup joining the company to take up the role on 1 October 2025.
Borup brings more than 30 years of shipping industry experience, including leadership roles at D/S Norden, Lauritzen Bulkers and NORVIC Shipping.
At Quadrise, Borup will lead the company's commercialisation of its low-emission MSAR and bioMSAR fuels.
"We are delighted to have appointed Peter to become CEO of Quadrise. His extensive expertise and relationships in the shipping industry will undoubtedly help us at this pivotal time for the Company as we move our technology towards commercialisation," said chair Andy Morrison.
Borup added: "I am excited to be joining the Quadrise team. The company's technology is becoming increasingly important as the shipping industry looks to decarbonise and move towards a greener and more sustainable future.
"A range of transition technologies are available that, individually or in combination, can deliver meaningful reductions in emissions-those offered by Quadrise also provide substantial cost savings."