Quadrise Fuels International PLC (AIM:QFI, OTC:QDRSF) has extended an exclusive deal with partner Nouryon.
The company, in a statement, said its agreement – which covers supply of goods, services and IP for future products – will now run for a further three years, until October 2025.
“We are delighted to have extended our long-standing and successful collaboration with Nouryon for a further three years,” said Quadrise chief executive Jason miles.
“This extension reinforces the commitment of both parties to commercialising Quadrise's proprietary fuels and biofuels, providing more sustainable and economical solutions for the energy and marine sectors."
Joppe Smit, Nouryon VP for natural resources and intermediates, added: “Working closely with our customers to support the decarbonisation journey of key industries like marine and power generation is a key part of our strategy.
“The extension of our long-standing partnership with Quadrise is an example of the collaboration and innovation required to tackle world's energy transition challenges. It also reiterates Nouryon's commitment to consistently provide sustainable solutions to our customers globally."