Quadrise PLC (AIM:QED) has extended its Exclusive Global Collaboration and Emulsifiers Sales Agreement with Nouryon.
The agreement, first signed in 2019, will now remain in effect until 31 October 2026.
It secures the exclusive supply of emulsifiers and technical services for the company’s MSAR and bioMSAR fuel projects. Intellectual property from ongoing development remains jointly owned by the parties.
The deal continues to support Quadrise’s work on low-emission fuel technologies for marine and heavy industry applications. The company described the agreement as central to its commercialisation strategy.
"We are pleased to renew our exclusive partnership with Nouryon, which continues to underpin the development and commercialisation of our MSAR® and bioMSAR fuels," said Jason Miles, Quadrise CTO.
"This agreement reflects our shared commitment to delivering innovative, sustainable solutions for the marine, energy and industrial sectors."
UK stockbroker Shore Capital said it was “pleased” to see the partnership continue and noted Nouryon will remain the exclusive supplier of goods, services and IP for future MSAR and bioMSAR projects.
Shore added that it remains encouraged by the “range of global partners” Quadrise has maintained. The broker also flagged “considerable potential” in 2026 after progress in late 2024 and 2025. It highlighted the three-way trial agreement signed with MSC and Cargill, plus recent appointments of “experienced, well-connected executives”.
The broker argued the MSC and Cargill opportunity alone could drive substantial high-margin annual revenues if only a small share of MSC’s fuel demand moves to MSAR or bioMSAR.
It noted MSC consumes close to 10.00 million tonnes of fuel oil a year and said Quadrise could charge about US$50 per tonne for its technology. The broker also pointed to 2025 progress with Sparkle on a 50MV power plant, and said it sees further opportunities in Utah, Morocco and elsewhere.