Quadrise Fuels advancing transition to commercial revenues
- Quadrise Fuels says its bioMSAR fuel product outperforms marine diesel in tests
- Shore Capital says its excited by Quadrise International's opportunity
- Quadrise Fuels reports outperformance of its bioMSAR fuel product
Quick facts: Quadrise Fuels International PLC
Price: 3.65 GBX
Market Cap: £51.35 m
About the company
Quadrise is the global innovator and licensor of disruptive heavy oil technology that produces MSAR® fuel.
The Quadrise team is a unique combination of energy sector experts and fuel specialists that were instrumental in the prior commercialisation of 60 million tons of Orimulsion® fuel worldwide.
How it is doing
Quadrise Fuels International PLC told investors its bioMSAR fuel product outperformed marine diesel in tests for efficiency and emissions.
Engine efficiency was up to 7% higher than diesel and average carbon dioxide emissions were 26% lower. Nitrous oxide emissions were described as comparable. Smoke and particulate levels were very low and so were unburned hydrocarbon emissions, Quadrise said.
The results reinforce findings announced in August.
Existing diesel engine fuel pumps and injectors worked well with the bioMSAR fuel.
The CO2 reductions are in the region of 26-28% versus conventional liquid fuels, whereas savings offered by existing fuels are more typically in the 10-15% range.
The sample, three drums of oil, was produced at the Petroteq Oil Sands Plant (POSP) and it arrived at the Quadrise Research Facility in Essex. It will undergo an extensive programme of testing which is expected to have concluded by the end of August.
What the brokers say
Shore Capital said it is excited by the scale of the opportunity facing Quadrise Fuels International PLC as it arranged new funding. In a note, the stockbroker highlighted that the funding will cover the firm’s operations through to June 2022 at which point meaningful revenue streams may be in place.
“We anticipate that significant licence fees and equipment sales could come as early as H2 2022, helping to support positive, sustainable cash flows,” Shore Capital analyst Tom Fraine said in a note.
“We are excited by the scale of the opportunity Quadrise has in a range of markets across diverse geographies and we are encouraged by the momentum the company has been gaining recently.”
What management says
Quadrise Fuels International PLC (AIM:QFI, FRA:8QF) CEO Jason Miles joined Proactive's Stephen Gunnion with news that the company's bioMSAR fuel product outperformed marine diesel in tests for efficiency and emissions.
Miles telling Proactive that engine efficiency was up to 7% higher than diesel and average carbon dioxide emissions were 26% lower.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...FOR OUR FULL DISCLAIMER CLICK HERE