Quadrise’s business development activity has intensified in the last nine months, with progress on opportunities in Morocco, South America, Saudi Arabia (KSA) and the marine sector. COVID-19 will potentially extend the length of time taken to complete trials. However, management notes that the current low oil prices are not likely to have a material impact on interest in using its innovative MSAR fuel as a heavy fuel oil substitute.
30 Mar 2020
Quadrise Fuels International - Business development intensifying
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Quadrise Fuels International - Business development intensifying
Quadrise PLC (QED:LON) | 1.6 0 (-6.9%) | Mkt Cap: 28.7m
- Published:
30 Mar 2020 -
Author:
Anne Margaret Crow -
Pages:
2
Quadrise’s business development activity has intensified in the last nine months, with progress on opportunities in Morocco, South America, Saudi Arabia (KSA) and the marine sector. COVID-19 will potentially extend the length of time taken to complete trials. However, management notes that the current low oil prices are not likely to have a material impact on interest in using its innovative MSAR fuel as a heavy fuel oil substitute.