Quadrise Fuels International PLC (AIM:QFI, OTC:QDRSF)'s marketing initiatives are each potentially worth more than market value, says broker Peel Hunt.
In particular, the broker highlights what is going on in the Americas where discussions are underway in Panama and Honduras to trial the company’s fuel solutions at power plants.
In addition, joint discussions are underway with a large Caribbean refinery with an interest in potential MSAR supply,
Finally, the recently announced joint development agreement with Vertoro intends to investigate the use of crude sugar oils as an alternative biofuel feedstock for the bioMSAR technology.
That is in addition to a trial with MSC Shipmanagement for marine fuel, Valkor for upstream applications and studies in Morocco for bioMSAR and MSAR fuels as a precursor to commercial supply.