Quadrise has developed an exciting oil-in-water emulsion that can displace heavy fuel oil in the power generation and bunker fuel markets. The Company is seeking to commercialise its product, which goes under the brand name MSAR®, alongside some much larger companies with which it has alliances. A single project could be transformational for Quadrise, but it only had cash of £1.2 million at the end of November 2018 and the business may be wound up if an open offer designed to raise £2.2 million ....
19 Dec 2018
Seeking to disrupt the heavy fuel oil market
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Seeking to disrupt the heavy fuel oil market
Quadrise PLC (QED:LON) | 1.9 0 (-4.1%) | Mkt Cap: 32.7m
- Published:
19 Dec 2018 -
Author:
Richard Slape -
Pages:
15
Quadrise has developed an exciting oil-in-water emulsion that can displace heavy fuel oil in the power generation and bunker fuel markets. The Company is seeking to commercialise its product, which goes under the brand name MSAR®, alongside some much larger companies with which it has alliances. A single project could be transformational for Quadrise, but it only had cash of £1.2 million at the end of November 2018 and the business may be wound up if an open offer designed to raise £2.2 million ....