Edison Investment Research - Quadrise Fuels International (QFI) Quadrise Fuels International - The clean solution to a global problem

Report

Edison Investment Research

Toby Thorrington

Quadrise Fuels International - The clean solution to a global problem

Quadrise has developed a synthetic heavy fuel oil technology that potentially improves the profitability of refineries producing heavy fuel oil (HFO) and upstream operations, as well as reducing costs and polluting emissions for HFO users in the power, industrial and marine bunker markets. The company has recently completed a pilot trial in Morocco, with a trial at a US site scheduled for completion in calendar Q121. These trials are to demonstrate the efficacy of MSAR ahead of potential progression to commercial supply in calendar H221. It is also in discussions about projects in Ecuador, Mexico and Saudi Arabia and with two major shipping companies.

23/11/2020 17 EN

Underlying

Quadrise Fuels International

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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GB00B11DDB67 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Toby Thorrington

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Quadrise Fuels International - The clean solution to a global problem

Quadrise - Funding the gap to commercial revenues

Hybridan Small Cap Feast - 19 Mar 24

Hybridan Small Cap Feast - 15 Feb 24

Filtronic - Agreement with SpaceX drives upgrades

Checkit - Signposting the path to profitability

EML Payments - Growth cap lifted in the UK

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