Outlook: Final leg of development phase
Quadrise is the supplier of MSAR, a technically proven alternative to heavy fuel oil (HFO) for marine, power generation and industrial applications. Since our last outlook note it has executed contracts governing production of MSAR for extended LONO sea trials, preparing the way for commercial adoption from calendar H117 onwards. Our indicative value is £431m (53.2p/share) at current levels of perceived risk.Quadrise Fuels International is engaged in developing markets for its proprietary emulsion fuel (MSAR®) as a low cost substitute for a conventional heavy fuel oil for use in power generation plants and industrial and marine diesel engines. Co. and its subsidiaries manufacture and market emulsion fuel for use in power generation, industrial and marine diesel engines and steam generation applications.
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