Quadrise Fuels International - Moving forward with MSC Shipmanagement

Quadrise has signed a framework agreement with MSC Shipmanagement that covers proof-of-concept (POC) tests and subsequent letters of no objection (LONO) trials using both bioMSAR and MSAR from Quadrise on one or more commercial container vessels. These trials are essential preliminaries to Quadrise potentially supplying its proprietary fuels to MSC for use in its fleet, which is the largest container ship fleet in the world, thus helping MSC reduce its greenhouse gas emissions.

SHORE CAPITAL - Quadrise+ (QFI) - House Stock at 1.38p - Agreement with MSC Shipmanagement

Quadrise Fuels International - Moving forward in Morocco

Quadrise has signed a new material transfer and cooperation agreement with its client in Morocco. The signature clears the way for an industrial demonstration test at one of the client's sites, potentially leading to commercial sales of MSAR and/or bioMSAR in calendar Q123.

SHORE CAPITAL - Quadrise+ (QFI) - House Stock at 2p - Material Transfer & Cooperation Agreement

SHORE CAPITAL - Quadrise+ (QFI) - House Stock at 1.75p – Addendum to Morocco Representation Agreement

Hybridan Small Cap Feast 09/05/22

Joiners: No Joiners Today. Leavers: McKay Securities has left the Official List. What’s cooking in the IPO kitchen? GS Chain, a company established with the purpose of undertaking acquisitions of an interest in an operating company or business in the technology sector, intends to list on the Main Market (Standard). Timing TBC. Altona Rare Earths, the AQSE listed mining exploration company focused on the evaluation, acquisition and development of Rare Earth Elements mining projects in Africa, int

SHORE CAPITAL - Quadrise+ (QFI, House Stock at 1.92p)

Quadrise Fuels International - Moving forward in Utah

Quadrise has announced a phased commercial development agreement with energy services company Valkor Technologies to commercialise Quadrise’s MSAR and bioMSAR technology at Valkor’s projects in Utah. The agreement provides a framework for the potential delivery of the first commercial revenues from bioMSAR/MSAR in calendar (CY) Q322 and for multiple deployments of the technology within Utah longer term.

Quadrise Fuels International - Progress on bioMSAR development

Quadrise made significant advances in the development of bioMSAR, its biofuel variant of MSAR during H122. However, progress on the three key trial programmes with potential customers was slower than management had expected because of factors outside the company’s control. Nevertheless, management notes that Quadrise has the cash resources to progress the ongoing trial programmes to revenue generation, which it expects will commence in calendar H222 (CY H222), subject to the successful conclusio

SHORE CAPITAL - Quadrise+ (QFI, House Stock at 1.5p)

Quadrise Fuels International - Cleaner fuel, cleaner planet

Quadrise has developed a synthetic heavy fuel oil (HFO) technology that potentially reduces costs and polluting emissions for HFO users in the industrial, marine bunker and power markets, as well as improving the profitability of upstream operations and of refineries producing HFO. Recent third-party tests on Quadrise’s new biofuel, bioMSAR, show reductions in CO2 emissions that are materially ahead of existing biofuels at a lower cost.

ESG Research

Quadrise Fuels International - Year of progress despite coronavirus

During FY21 Quadrise made significant progress on trials in each of its target sectors: industry, marine, upstream and power; and launched a bio-fuel branded as bioMSAR. Progress has been slower than management expected, primarily because of COVID-19 restricting travel and site access. Nevertheless, the funds raised in March still provide the cash resources to progress the ongoing trial programmes to commercial revenues and positive sustainable cash flows even though management’s estimated times

Invinity Energy Systems - JV to Target US Opportunities

Invinity’s proposed JV with U.S. Vanadium creates a vehicle to exploit the clear opportunities arising in the U.S. storage market from the Inflation Reduction Act of 2022. With half a million dollars of potential JV development funding from U.S. Vanadium, we see the joint venture as well set up to capture a large and growing market for long duration energy storage.

Invinity Energy Systems - Orkney Project Energised

The energising of Invinity’s 1.8MWh flow battery in Orkney may not be its largest project but it is an important illustration of an application that benefits from the high-throughput non-degrading characteristics of Invinity’s technology. Specifically, it is a key demonstrator of how Invinity could integrate disparate elements of the energy system to produce commercially viable outcomes.

Review of Electricity Market Arrangements - REMA Could Bring Benefits

Last week, the UK government published the consultation paper on its Review of Electricity Market Arrangements (REMA). Any change potentially represents uncertainty in a market that has been wary of changes with a number of shares falling after early details of possible reforms were flagged in the press. We review the possible changes and conclude that while there is some risk, from what we can see at present the likely outcomes could be either minimal or beneficial for investors in clean energy

SHORE CAPITAL - Crestchic+ (LOAD) - House stock at 196p

Invinity Energy Systems - Improving Liquidity for US Investors

Invinity has begun trading shares on the OTCQX Best Market in the USA. We see this as adding liquidity for North American investors and more generally increasing visibility for the company in key markets in North America.

Powerhouse Energy - Management Changes a Distraction

Management changes including the departure of the CEO create an unwelcome distraction for Powerhouse as it increases its exposure to the Protos project SPV. This now effectively makes it a JV partner in the project. The company will start work on replacing both CEO and NEDs immediately.

Hybridan Small Cap Feast 09/08/22

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports

Inflation Reduction Act

The US Inflation Reduction Act of 2022 now has a chance of passing the Senate next week as it is being voted under the Reconciliation procedure which allows bills related to the budget to pass on a simple majority rather than the 60-vote majority required to overcome a filibuster. If the act does find its way onto the statue books it will bring US$369bn in clean energy tax credits, grants and other incentives. Much is directed to protecting clean energy manufacturing in the USA, but it is a wide

Q2 22: mixed signals

Rolls Royce published mixed figures. Profitability was particularly low, pushing the net result back into the red zone. However, FCF generation was a positive surprise despite the rise in inventory. It has finally found an agreement to sell ITP Aero and will use the resulting cash to repay its only floating interest rate debt.

Hybridan Small Cap Feast 16/08/22

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports to over 40 count

Hybridan Small Cap Feast 17/08/2022

Dish of the day Joiners: No joiners today. Leavers: Altus Strategies Plc has left AIM. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. T

Renewi - Incorporating Paro, raising TP to £10

We revise our estimates, primarily to incorporate the Paro acquisition, resulting in an average 3% increase in our forecasts for diluted EPS through FY25. Renewi's FY22 results demonstrated that its business and financial performance have moved to a new level, underscored by the positive 1QFY23/AGM update. While Renewi has started to re-rate, we continue to believe that the share price has yet to reflect the transformation in the company's earnings power fully, while the potential ECP bid for Bi

Westminster Group* - 1H22 results – making progress, 2H22 weighted

Westminster Group reported a 13% increase in revenue YoY and raised gross margins to 51%, cutting the net loss by 15% YoY to £0.8m. Results are expected to be weighted to 2H22 with a number of large scale projects in the offing to add to the £3.5m in new orders already secured this year. Consequently, we maintain our current forecasts including a full year profit of £1.1m. We would expect the announcement of large scale orders to boost confidence in the equity story where the rating currently la

Cenkos: Oil & Gas -- Getech Group, Longboat Energy, Valeura Energy, Genel Energy, bp, EnQuest, SDX Energy, Eco (Atlantic) Oil & Gas, Occidental Petroleum, ConocoPhillips, Vaalco Energy, Phoenix Global Resources, Sirius Petroleum, Tullow Oil, Equinor, Sunco

Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months. West Texas Intermediate settled at $89 a barrel, ending the week nearly 10% lower. US gasoline consumption has dropped, stoking demand concerns, while low liquidity has added to volatility. Supplies from Libya also picked up, helping to shrink key oil futures time-spreads and ease the tightness in the market. The pullbac

LIBERUM: Staffline Group* - H1 restrained by investment but expect stronger H2