Business
Business Development Update and Investor Call
Business Development Update and Investor Call.
About this update from Quadrise Plc
[{"type":"text","content":"\n \nRNS Number : 9360V Quadrise Fuels International PLC 27 July 2018 \n\n \n27 July 2018\n \nQuadrise Fuels International plc\n(\"Quadrise\", \"QFI\" or \"the Company\")\n \nBusiness Development Update and Investor Conference Call\n \nQuadrise Fuels International plc (AIM: QFI) provides the following update on business development activities. \n \nOn 18 July 2018 Quadrise was pleased to announce the signing of a Memorandum of Understanding (\"MOU\") with Freepoint Commodities LLP (\"Freepoint\"). The Board believes that this will provide a significant catalyst to the Company's business development activities across all business segments, in both existing and new geographic markets in the Americas and in Asia. \n \nFollowing signature of the MOU, the Company is now working with Freepoint to agree and prioritise an expanded list of specific target projects, with a focus on those opportunities that will benefit from the synergy available from utilising Quadrises's MSAR® technology in conjunction with Freepoint's proven trading and investment activities to create and develop sustainable markets for the production, supply and consumption of MSAR®. In addition, opportunities for Freepoint's specific expertise and deep knowledge of fuel and distillate markets to add further value to some of our current projects are already becoming apparent. We look forward to providing updates on the initiatives under the MOU in due course. \n \nAs noted previously, Quadrise is continuing to develop a broad spread of potential opportunities in the power, marine, upstream, petrochemical and refinery refuelling markets. \n \n· Cepsa and Quadrise continue to explore opportunities to use the installed facility at Cepsa for supply to the marine or power markets. The Company will also evaluate opportunities to accelerate the development of other projects by using the equipment currently installed at Cepsa.\n \n· There are significant opportunities in the power market in the Americas, the Middle East (in addition to those in the Kingdom of Saudi Arabia (\"KSA\")), Africa and the Far East (with the potential to supply from Europe for some projects). Quadrise will continue to address these either direct...