Business
MOU and MSAR® Test Programme
MOU and MSAR® Test Programme.
About this update from Quadrise Plc
[{"type":"text","content":"\n \nRNS Number : 6910I Quadrise Fuels International PLC 28 November 2018 \n\n28 November 2018\n \nQuadrise Fuels International plc\n(\"Quadrise\", \"QFI\" or the \"Company\")\n \nMemorandum of Understanding and MSAR® Test Programme with a European Oil Major\n \nThe Company is pleased to announce it has signed a Memorandum of Understanding (\"MOU\") and MSAR® Pilot Test Programme (\"MTP\") with a European multinational integrated oil and gas company (the \"Major\").\n \nFurther to the MOU, Quadrise and the Major intend to work together to discuss, promote and develop specific business development opportunities to identify potential MSAR® clients for one of the Major's European refineries (the \"Refinery\"), to develop a focused high level MSAR® fuel market assessment for the Refinery and to pursue and obtain a feasibility study agreement from a potential MSAR® fuel client for the consumption of MSAR® produced at the Refinery during 2019. \n \nUnder the MTP, Quadrise will be undertaking testing of specific Refinery residues for the Major at the Quadrise Research Facility during early 2019 on a paid basis to demonstrate and optimise the blending of Refinery residues to MSAR® fuel. \n \nCommenting on this development, Mike Kirk, Executive Chairman of QFI, said:\n \n\"We are delighted to have developed our relationship with a European multinational integrated oil and gas company and are confident that with the combination of Quadrise's MSAR® technology and fuel experience, and the client's world-leading downstream operations, trading and logistics capabilities, we will be able to successfully define and progress this potential MSAR® supply project jointly.\"\n \nFor further information on QFI, please refer to the Company's website at www.quadrisefuels.com, or contact [email protected] or phone:\n \n\n\n\n\nQuadrise Fuels International Plc\n\n\n \n\n\n\n\nMike Kirk, Executive Chairman\n\n\n+44 (0)20 7031 7321\n\n\n\n\nJason Miles, Chief Operating Officer\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nNominated Adviser\n\n\n \n\n\n\n\nSmith & Williamson Corporate Finance Limited\n\n\n \n\n\n\n\nDr Azhic Basirov\n\n\n+44 (0)20 7131 4000\n\n\n\n\nBen Jeynes\nKaty Birkin\n\n\n \n\n\n\n\n \n\n\n ...