Quadrise’s MSAR fuel has been proven as a low-cost substitute for heavy fuel oil (HFO) in the marine and power generation markets through extensive commercial scale trials. Management estimates that the recent fundraise totalling £4.5m gives sufficient cash to pursue commercial opportunities through to end calendar year 2020 with a further draw-down of £2m potentially available. Given the lack of visibility on the timing of commercialisation, we have not issued estimates or
27 Nov 2019
Quadrise Fuels International - Value from the bottom of the barrel
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Quadrise Fuels International - Value from the bottom of the barrel
Quadrise PLC (QED:LON) | 1.9 0 (-4.1%) | Mkt Cap: 32.7m
- Published:
27 Nov 2019 -
Author:
Anne Margaret Crow -
Pages:
15
Quadrise’s MSAR fuel has been proven as a low-cost substitute for heavy fuel oil (HFO) in the marine and power generation markets through extensive commercial scale trials. Management estimates that the recent fundraise totalling £4.5m gives sufficient cash to pursue commercial opportunities through to end calendar year 2020 with a further draw-down of £2m potentially available. Given the lack of visibility on the timing of commercialisation, we have not issued estimates or